Answer to Question #15112 in Economics for web

Question

why mathematical economics is not a branch of economics

Answer 1

Mathematical economics is not an individual branch of economics in the sense that international trade, public finance, or urban economics, but it is an approach to economic theory. It is just a way of economic analysis, where the mathematical proofs and theorems are used heavily to make the economic models. The major thing why mathematical economics is not a branch of economics& is that in the mathematical economics, the assumptions& and conclusions are described in mathematical symbols and equations whereas, in the economics, words and sentences are used to achieve the desired goal.