Mathematical Models in Economics: Applications of Sequences, Derivatives, and Differential Equations

This paper examines the application of mathematical tools—numerical sequences, derivatives, and differential equations—that have important uses within economic analyses on population modeling, investment growth, and population cost. Numerical examples shall be used to illustrate how such a mathematical approach helps in financial decision-making and long-term forecasting. It's expected that this work will provide insight into the benefits of mathematical models in addressing complex economic challenges and make a case for interdisciplinary approaches in economics.

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Publication Details

Journal
Asian Journal of Advanced Research and Reports
Published
2024-12-26
DOI
https://doi.org/10.9734/ajarr/2024/v18i12849
Citations
1
Primary Topic
Economic theories and models
Type
article
Field-Weighted Citation Impact
1.13
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article

Mathematical Models in Economics: Applications of Sequences, Derivatives, and Differential Equations

Shpëtim Rexhepi, Neritan Turkeshi, Ilir Demiri
1 citations
Asian Journal of Advanced Research and Reports
Economic theories and models
1.13
article

Mathematical Models in Economics: Applications of Sequences, Derivatives, and Differential Equations

Shpëtim Rexhepi, Neritan Turkeshi, Ilir Demiri
article en
1 citations

Abstract

This paper examines the application of mathematical tools—numerical sequences, derivatives, and differential equations—that have important uses within economic analyses on population modeling, investment growth, and population cost. Numerical examples shall be used to illustrate how such a mathematical approach helps in financial decision-making and long-term forecasting. It's expected that this work will provide insight into the benefits of mathematical models in addressing complex economic challenges and make a case for interdisciplinary approaches in economics.

Asian Journal of Advanced Research and ReportsVol. 18(12)
Mother Teresa University
Openalex Percentile: Top 10%
Economic theories and models
1.13
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