Department of Mathematics, Sridev Suman Uttarakhand University, P.L.M.S. Campus Rishikesh, Dehradun, Uttarakhand, India, Email- gauravdips@gmail.com
Online published on 29 September, 2023.
Mathematical models play a crucial role in understanding and analyzing complex economic systems. This paper provides a comprehensive review of various mathematical models that have been successfully applied in the field of economics. The paper covers a wide range of topics, including microeconomics, macroeconomics, econometrics, game theory, and financial economics. Each model is examined in terms of its theoretical framework, assumptions, key equations, and practical applications. Additionally, the paper discusses the strengths, limitations, and future directions of these mathematical models in shaping economic analysis and decision-making.
Mathematical models, Economic modelling, Econometrics, Financial economics models, Behavioural economics, Computational economics
