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Mathematical economics is the application of mathematical methods to represent theories and analyze problems in economics.Often, these applied methods are beyond simple geometry, and may include differential and integral calculus, difference and differential equations, matrix algebra, mathematical programming, or other computational methods.
The Journal of Mathematical Economics is a bimonthly peer-reviewed academic journal of mathematical economics published by Elsevier. It covers work in economic theory that expresses economic ideas using formal mathematical reasoning. The journal was established in 1974, with Werner Hildenbrand as the founding editor-in-chief. The current editor ...
Alpha Chung-i Chiang (born 1927) is an American mathematical economist, Professor Emeritus of Economics at the University of Connecticut, and author of perhaps the most well known mathematical economics textbook; Fundamental Methods of Mathematical Economics.
Mathematical finance, also known as quantitative finance and financial mathematics, is a field of applied mathematics, concerned with mathematical modeling in the financial field. In general, there exist two separate branches of finance that require advanced quantitative techniques: derivatives pricing on the one hand, and risk and portfolio ...
Business mathematics comprises mathematics credits taken at an undergraduate level by business students.The course [3] is often organized around the various business sub-disciplines, including the above applications, and usually includes a separate module on interest calculations; the mathematics itself comprises mainly algebraic techniques. [1]
The Central Economic Mathematical Institute (Russian: Центральный экономико-математический институт (ЦЭМИ)) of the Russian Academy of Sciences is an economic research institute located in Moscow. It focuses on economic theory, mathematical economics and econometrics.
Stephen Smale (born July 15, 1930) is an American mathematician, known for his research in topology, dynamical systems and mathematical economics.He was awarded the Fields Medal in 1966 [2] and spent more than three decades on the mathematics faculty of the University of California, Berkeley (1960–1961 and 1964–1995), where he currently is Professor Emeritus, with research interests in ...
The Brownian motion models for financial markets are based on the work of Robert C. Merton and Paul A. Samuelson, as extensions to the one-period market models of Harold Markowitz and William F. Sharpe, and are concerned with defining the concepts of financial assets and markets, portfolios, gains and wealth in terms of continuous-time stochastic processes.