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The great appeal of mathematical economics is that it brings a degree of rigor to economic thinking, particularly around charged political topics. For example, during the discussion of the efficacy of a corporate tax cut for increasing the wages of workers, a simple mathematical model proved beneficial to understanding the issues at hand.
German mathematician Carl Friedrich Gauss said, "Mathematics is the queen of the sciences—and number theory is the queen of mathematics." Number theory also studies the natural, or whole, numbers. One of the central concepts in number theory is that of the prime number , and there are many questions about primes that appear simple but whose ...
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 ...
Consumer math comprises practical mathematical techniques used in commerce and everyday life. In the United States, consumer math is typically offered in high schools , some elementary schools , or in some colleges which grant associate's degrees .
The "Demystified" series is introductory in nature, for middle and high school students, favoring more in-depth coverage of introductory material at the expense of fewer topics. The "Easy Way" series is a middle ground: more rigorous and detailed than the "Demystified" books, but not as rigorous and terse as the Schaum's series.
Transformation problem: The transformation problem is the problem specific to Marxist economics, and not to economics in general, of finding a general rule by which to transform the values of commodities based on socially necessary labour time into the competitive prices of the marketplace. The essential difficulty is how to reconcile profit in ...
BRUSSELS (Reuters) -Chinese online retailer Temu will be investigated over whether it may have breached rules aimed at preventing the sale of illegal products, EU tech regulators said on Tuesday ...
In schools, these subjects are often taught to students who are not planning a university education. In the United States, they are typically offered in high schools and in schools that grant associate's degrees; elsewhere they may be included under business studies. These courses often fulfill the general math credit for high school students. [2]
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related to: interesting topics in economics for beginners high school mathThis program is so fun! My kids love it. - Erin Slocum