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Academic Journal of Mathematical Sciences, 2024, 5(2); doi: 10.25236/AJMS.2024.050210.

Practical Applications of Economic Mathematics in Business Studies Programmes

Author(s)

Jiajia Xu, Hui Lv, Xianghui Huang, Yang Peng

Corresponding Author:
Jiajia Xu
Affiliation(s)

Chengdu International Studies University, Chengdu, Sichuan, 611844, China

Abstract

In today's complex and competitive business environment, maths is increasingly becoming an integral part of the business disciplines as a powerful tool. With the rapid development of technology and the explosion of data, the application of mathematical models is not only important at the theoretical level, but also plays a key role in business decision-making.The purpose of this thesis is to delve into the practical application of advanced mathematics in business decision-making, and to assess the effectiveness of mathematical tools such as elasticity functions, marginal functions, first-order differential equations, and other mathematical tools for business decision-making by examining their comprehensive application in economics majors. Through this study, it aims to provide business students with a more practical and insightful perspective on the application of mathematics and to improve their ability to solve practical business problems.

Keywords

economic mathematics, first-order partial differential equations, elastic functions, marginal functions

Cite This Paper

Jiajia Xu, Hui Lv, Xianghui Huang, Yang Peng. Practical Applications of Economic Mathematics in Business Studies Programmes. Academic Journal of Mathematical Sciences (2024) Vol. 5, Issue 2: 68-75. https://doi.org/10.25236/AJMS.2024.050210.

References

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