Mathematical economics

Mathematical economics is the sub-field of economics that explores the mathematical aspects of economic systems.

Related Topics:
Economics - Mathematical

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Modern mainstream economic research typically makes extensive use of formal mathematics and mathematical modelling. As a result, the distinction between mathematical and non-mathematical economics is much less clear today than it once was. The mathematical tools economists use today are often applied in other sciences and applied mathematics as well.

Related Topics:
Mathematics - Mathematical model - Economists - Applied mathematics

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Mathematical economics can be regarded as the "theoretical" counterpart of econometrics, which attempts to analyse the real world of economic activity using statistical techniques.

Related Topics:
Econometrics - Statistical

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