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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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