For sometime now, I felt that the evolution of the literature of econo metrics had mandated a higher level of mathematical proficiency. This is particularly evi
First published in 1994. Concepts of probability are an integral component of economic theory. However there are a wide range of theories of probability and the
A comprehensive and up-to-date introduction to the mathematics that all economics students need to know Probability theory is the quantitative language used to
John Maynard Keynes is undoubtedly the most influential Western economist of the twentieth century. His emphasis on the nature and role of uncertainty in econom