Mathematical Models in Economics is a component of Encyclopedia of Mathematical Sciences in which is part of the global Encyclopedia of Life Support Systems (EOLSS), an integrated compendium of twenty one Encyclopedias.
This theme is organized into several different topics and introduces the applications of mathematics to economics. Mathematical economics has experienced rapid growth, generating many new academic fields associated with the development of mathematical theory and computer. Mathematics is the backbone of modern economics. It plays a basic role in creating ideas, constructing new theories, and empirically testing ideas and theories. Mathematics is now an integral part of economics. The main advances in modern economics are characterized by applying mathematics to various economic problems. Many of today's profound insights into economic problems could hardly be obtained without the help of mathematics. The concepts of equilibrium versus non-equilibrium, stability versus instability, and steady states versus chaos in the contemporary literature are difficult to explain without mathematics. The theme discusses on modern versions of some classical economic theories, taking account of balancing between significance of economic issues and mathematical techniques. These two volumes are aimed at the following five major target audiences: University and College students Educators, Professional practitioners, Research personnel and Policy analysts, managers, and decision makers and NGOs.
Wei-Bin Zhang, born in 1961, teaches and does research at Ritsumeikan Asia Pacific University in Japan. His main research fields are nonlinear economic dynamics, theoretical economics, growth theory, monetary economics, regional and international economics, urban economics, East Asian industrialization, and Chinese philosophy. He has published more than 100 academic articles and authored 21 books.
He was brought up in China. He graduated from Department of Geography, Peking University. He finished graduate study at Department of Civil Engineering, Kyoto University in Japan. He obtained his Ph.D. in Economics at Department of Economics, University of Umeå in Sweden. He conducted research in Sweden from 1987 to 1998.