Great list and tips, Steven. I'm from Brazil and at my university (undergraduate level) we use Simon/Blume and Chiang/Wainright. I was really missing something more specific and halfway through and your video solved that. Thank you very much and I wish you all the best!
You can just used Luenberger's book "Optimization by Vector Space Methods", I own it, but didn't use it my entire first year. How much preparation you need really depends on your program -- depends on your professors, some may only do stuff in the second dimension for ease of computation on tests, others you will need higher dimensional techniques, but even MWG can get you through your first year if you read closely. I work on (applied) theory topics, and most of the techniques you get are going to come from reading papers and looking them up.
Yeah, I suppose the question is 'overkill for what'. For undergrad at most programs S and B is probably fine. I don't think it would be good enough to get you through math camp at any program, let alone read through the modal theory paper. It's a bit of an issue with grad level education for econ. The math required/taught to make it through core is more than most researchers (who do applied work) need yet not nearly enough for those doing theory. I'm lucky to mainly work on applied theory topics where the level of math is not super high.
@@stevenhamilton6254 I recently had a discussion with several instructors. Most research in our field revolves around applied econometrics topics (run OLS to test theories). It seems that most people won’t end up focusing on theoretical aspects. Currently, I’m preparing for my Master’s degree. I’ve decided to start with Simon and Blume’s ‘A First Course in Optimization Theory’, followed by ‘Baby Rudin’, and ‘Dynamic Optimization: The Calculus of Variations and Optimal Control in Economics and Management’. However, I’m quite confident that with the foundational knowledge from Simon and Blume, one should be able to transition smoothly into ‘Microeconomic Theory’ by MWG (Mas-Colell, Whinston, and Green) and ‘Introduction to Modern Economic Growth’. These books already include helpful mathematical appendices.
Great list and tips, Steven. I'm from Brazil and at my university (undergraduate level) we use Simon/Blume and Chiang/Wainright. I was really missing something more specific and halfway through and your video solved that. Thank you very much and I wish you all the best!
Thank you for the book list, Steven. I'm inspired seeing a studious guy like you.
This is a really good list, keep doing what you did.
thanks!
Is there any place for Luenberger optimisation in vector space ,...like is it really helpful in grad preparation.
You can just used Luenberger's book "Optimization by Vector Space Methods", I own it, but didn't use it my entire first year. How much preparation you need really depends on your program -- depends on your professors, some may only do stuff in the second dimension for ease of computation on tests, others you will need higher dimensional techniques, but even MWG can get you through your first year if you read closely. I work on (applied) theory topics, and most of the techniques you get are going to come from reading papers and looking them up.
Simon and Blume is more than enough for masters and undergrad, just a warning for average fellas watching
Great channel
Many books beyond Simon and Blume are actually overkills
Yeah, I suppose the question is 'overkill for what'. For undergrad at most programs S and B is probably fine. I don't think it would be good enough to get you through math camp at any program, let alone read through the modal theory paper. It's a bit of an issue with grad level education for econ. The math required/taught to make it through core is more than most researchers (who do applied work) need yet not nearly enough for those doing theory. I'm lucky to mainly work on applied theory topics where the level of math is not super high.
@@stevenhamilton6254 I recently had a discussion with several instructors. Most research in our field revolves around applied econometrics topics (run OLS to test theories). It seems that most people won’t end up focusing on theoretical aspects. Currently, I’m preparing for my Master’s degree. I’ve decided to start with Simon and Blume’s ‘A First Course in Optimization Theory’, followed by ‘Baby Rudin’, and ‘Dynamic Optimization: The Calculus of Variations and Optimal Control in Economics and Management’. However, I’m quite confident that with the foundational knowledge from Simon and Blume, one should be able to transition smoothly into ‘Microeconomic Theory’ by MWG (Mas-Colell, Whinston, and Green) and ‘Introduction to Modern Economic Growth’. These books already include helpful mathematical appendices.