Mathematical Economics is a field of study that uses mathematical models and techniques to analyze economic behavior and policies. It is used to develop theories and models to explain how markets and economies work, and to evaluate the effects of government policies on economic outcomes. It is an interdisciplinary field that combines
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 optimization, or other computational methods. Proponents of this approach claim that it allows the formulation of theoretical relationships with rigor, generality, and simplicity.