= Mathematical economics
{wiki=Mathematical_economics}
Mathematical economics is a field that applies mathematical methods and techniques to represent economic theories, analyze economic problems, and derive economic relationships. It utilizes mathematical concepts such as calculus, linear algebra, and optimization to model economic behaviors and interactions quantitatively. The primary objectives of mathematical economics include: 1. **Modeling Economic Behavior**: Creating models that describe how individuals, firms, and markets behave under various conditions. This includes utility functions, production functions, and demand and supply models.
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