For centuries, mathematics has proven incredibly effective in describing, explaining and even predicting phenomena in the physical universe. Newton's mathematical theory of gravity was used to predict ...
Mathematical economics is the discipline that employs rigorous mathematical methods to model, analyse and solve fundamental problems in economic theory. It provides a formal framework to describe ...
Find out how and why mathematics is used in microeconomics, its limitations, and the math skills that economics students need.
Economist Michael Chwe has written a book called “Jane Austen: Game Theorist.” Do you need more of a reason to read this post? Video from Michael Chwe’s YouTube channel. I’m a specialist in game ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The first term of my master’s degree in economics was an alarming experience. The econometrics was bewildering.
Noted Economist Prof. Ha-Joon Chang, who teaches at Cambridge University, said “95% of economics is common sense – made to look difficult, with the use of jargon and mathematics”. This statement ...