I have to take a compulsory course named Mathematical Modelling in Economics and Business this semester and have absolutely no background on the subject. I also noticed there is no post on this site recommending introductory level texts on the field.
I am not equipped to summarrise the content of the syllabus but if you could you can check it out here.
So can someone please recommend some reading material for a mathematics student for a first look at mathematical finance, economics and the like.
Thanks in advance.
Below are populars book on Finance and Economics that many undergrads use. I used them as well when I was an undergraduate but different editions.
The books above teach the basics on finance and econ which would be the necessary background to understand mathematical modeling in econ and finance.
This two are at the graduate level. The second book takes a more game theoretic approach.
Below are books a buddy of mine used in his graduate work on Financial Engineering
Will update more when my friend sends me the list he used when he gets home.
Other resources.
Quantnet's Best-selling books 2014:
Every year Quantnet puts out a list of the best selling books related to quantitative finance and wall street. You will find that the books I copied over below are ones that potentially relate to your course. However, you can view the full list at Quantnet's Best-selling Quant Books 2014. Also, two of the books by Shreve from my friends list Stochastic Cal 1 and 2 were listed here as well but left out to avoid duplication.
I imagine all three lists are a bit of an overkill but this way you can decided which texts may be suitable for your current level. Additionally, from the Quantnet link, there are books on traders experiences if this is the field you want to go into as well as links to previous year's book lists.