Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Algebra and Discrete Mathematics for Economics: Numbers, Graphs and Matrices in Input-Output Economics

Algebra and Discrete Mathematics for Economics: Numbers, Graphs and Matrices in Input-Output Economics

Denecke, Klaus

Paperback

Series: de Gruyter Textbook

Business GeneralAlgebra

Publisher Price: $87.99

ISBN10: 3112234421
ISBN13: 9783112234426
Publisher: de Gruyter
Published: Jun 22 2026
Pages: 310
Weight: 1.10
Height: 0.65 Width: 6.69 Depth: 9.61
Language: English

Algebra and Discrete Mathematics are essential tools also for economists.
Globalization makes that goods and services are exchanged worldwide. Input-output analysis uses the advantage of a relatively stable flow of commodities and services. The essential principles can be described by input-output tables. Such tables correspond to systems of linear equations, written as single equations consisting of matrices whose entries are non-negative rational numbers. The flow itself can be described by a directed edge-valued graph where the sets of values consist of positive rational numbers. Therefore numbers, especially non-negative rational numbers, multiple-partite graphs and matrices with non-negative rational entries play an important role in input-output analysis. Thus knowledge from Algebra and Discrete Mathematics becomes more and more useful in this area.

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