Essential Mathematics for Economics and Business

Many economics and business students have struggled with the mathematical components of their courses. This textbook aims to enhance understanding of key mathematical concepts and methods, assuming no prior knowledge. It offers a user-friendly, non-rigorous introduction to mathematics, focusing on economic and business applications. Fundamental concepts are explained simply and concisely, complemented by a variety of Worked Examples, graphs, and real-world applications. To avoid overwhelming students, few formal proofs are included; instead, plausible explanations of ideas and theories are provided. The text also highlights the limitations of mathematics, such as the fact that solutions do not always exist. Each detailed Worked Example is followed by extensive Progress and Test Exercises, offering the necessary practice for student success. The Exercises promote the use of calculators and Microsoft Excel, enabling students to apply mathematical methods, plot graphs, and calculate data tables efficiently. This textbook is designed not to train mathematicians but to equip students with a practical understanding of what is possible and reasonable in mathematics. It serves as a core resource for those studying introductory mathematics in various economics and business degree and diploma programs.