The comprehensive research study of economics requires and understanding of the systematic and mathematical means, so is Mathematical Economics. The course Mathematical economics is one of the sub branches of the economics, which examines the mathematical components of the economies and financial theories. In other words, the concepts of mathematics such as the algebra, calculus and differential formulas are used to carry out the Economical and Financial theories.
The term Mathematical Economics signifies to the methods used in the econometrics, for dealing with the complicated computations of the advanced market patterns and the pricing compositions. In the model of the Mathematical Economics, supply and demand are set equivalent.
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