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VOL. 11, ISSUE 1 (2024)
Mathematical Economics: Quantitative foundations of Economics
Authors
Rajani Saini
Abstract
Mathematical Economics is a method of economics that uses math principles and tools to create economic theories and to explore economic quandaries. Mathematics allows economists to construct specifically defined models from which accurate results can be obtained. It is the application of mathematical methods to represent theories and analyze problems in economics. Although the discipline of economics is heavily influence by the bias of researcher, mathematics allows economists to precisely define and test economics theories against real world data. This paper deals with uses of mathematics in economics.
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Pages:100-101
How to cite this article:
Rajani Saini "Mathematical Economics: Quantitative foundations of Economics". International Journal of Multidisciplinary Research and Development, Vol 11, Issue 1, 2024, Pages 100-101
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