...Influence of Math on Economics Michelle Balmer, Marcie Holland, Beverly Segars, Israel Figueroa, and Porshia Cross MTH 110 Rigoberto Martinez March 17, 2012 The Influence of Math on Economics The history of mathematics is an investigative study of the discoveries of mathematics methods and notations from the past. The study of mathematics began in the 6th century BC with the Pythagoreans who coined the ancient Greek term mathematics with the meaning subject of instruction. Before the spread of knowledge, mathematics was written expressions of the development of Babylonian, Egyptian, and Pythagorean Theorem, which demonstrate the basics of arithmetic and geometry. Arithmetic is one of the oldest forms of mathematics used by Antoine-Augustin Cournot and Joseph Louis Francois Bertrand for tasks of simple day-to-day counting to science and business activities. Arithmetic involves the study of quantity as it relates to addition, subtraction, multiplication, and division. Mathematicians refer to the more advanced term of number theory. Antoine-Augustin Cournot and Joseph Louis Francois Bertrand’s influence on mathematics lay the foundation of the economic effect of the application method on economic theory and analysis of how it will affect others. Each allows individuals to form a meaningful understanding of the complex expressions in various languages. Cournot and Bertrand have used the importance...
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...Influence of Math on Economics In: Business and Management Influence of Math on Economics Influence of Math on Economics Michelle Balmer, Marcie Holland, Beverly Segars, Israel Figueroa, and Porshia Cross MTH 110 Rigoberto Martinez March 17, 2012 The Influence of Math on Economics The history of mathematics is an investigative study of the discoveries of mathematics methods and notations from the past. The study of mathematics began in the 6th century BC with the Pythagoreans who coined the ancient Greek term mathematics with the meaning subject of instruction. Before the spread of knowledge, mathematics was written expressions of the development of Babylonian, Egyptian, and Pythagorean Theorem, which demonstrate the basics of arithmetic and geometry. Arithmetic is one of the oldest forms of mathematics used by Antoine-Augustin Cournot and Joseph Louis Francois Bertrand for tasks of simple day-to-day counting to science and business activities. Arithmetic involves the study of quantity as it relates to addition, subtraction, multiplication, and division. Mathematicians refer to the more advanced term of number theory. Antoine-Augustin Cournot and Joseph Louis Francois Bertrand’s influence on mathematics lay the foundation of the economic effect of the application method on economic theory and analysis of how it will affect others. Each allows individuals to form a meaningful understanding...
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...The Influence of Mathematics on Daily Social Activities MTH/110 March 2, 2015 The Influence of Mathematics Society is an important concept in which stands the intellectual development of mathematics and science. Today, in society, mathematics makes extraordinary demands and so to the world of mathematicians and scientists. The purpose of the report is to identify the influence and effects of mathematics in society. It includes some history of math and its major demands and capabilities that come with the material and mathematicians. Math Background People have believed in mathematics and the discipline that comes with it since centuries ago, some may like, and some may not. Some people used to worship mathematics and believe in it for living like Aryabatta and Bhaskara. Back to the 4th century, Aristotle and Plato had already an idea of the existence of mathematics in their mind and the external world; also he argued about a positive effect on individuals (Dossey). In the middle ages, mathematicians were coming out and at one point competing without knowing in discovering new techniques. Archimedes had one of the greatest impacts on its work in mathematics but he was known later in the 16th century when Federico Commandino in 1558 translation into Latin most of his printing texts and spread it out with other mathematicians and physics of the time, that includes Johannes Kepler and Galileo Galilei (Toomer, 2014). Many other mathematicians...
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...Mathematical economics and finance: good or bad? Pareto and Walras were the first to use mathematics in economics and finance at the end of the nineteenth century. They created classical models of the free markets and explained these mathematically. After these models were created, other famous economists came up with mathematical economical ideas, such as Schumpeter and Keynes. Mathematics was used to simplify and clarify various complicated theories. This use resulted in both advantages and disadvantages. This essay will evaluate the uncritical use of mathematics in economics and finance on multiple aspects. Firstly, if one uses mathematics in economics and finance uncritically, one needs to know all the numerical values and other variables to actually explain and predict certain events and its mutual interdependencies. This knowledge is never entirely available, because the values depend on too many particular circumstances. What’s more, the succession of events in the history of the economics does not show any internal coherence, which makes predicting harder. Moreover, there is no controlled experiment in the economic research field and no falsifiable hypotheses are made (Von Hayek, 1989). Furthermore, different economic models have different implications, thus are applicable to according situations. Hence, not one mathematical model could be implemented (Rodrik, 2015). In addition, human beings and their behaviour should be included in the theories of economics. This may...
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...and belief are put forward in decision making and the time frame to which that goal is to be achieved at is also set. Power plays a big role in decision making, techniques as well as strategies is required as to how to select an appropriate and a sound decision. There are people who are appointed as the role players in decision making those people poses power and they have authority for making decision. The issues o decision will be explored with regard to the policy context as well as the policy they impact on policy making , I will also look at how the policy analysis serve to explain or to describe how decision come to be made. Issue • The issue is about the decision analysis techniques which serves to explain how decisions are ought to be made. • The role of power in decision making. • The other issue which is very important and crucial in decision making is the use of rational approach in decision making and it two encompassing approaches; economic and bureaucratic approach. • The last issue to talk about is the issue concerning decision making in the whole policy context the issue of who has the authority in decision making....
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...Eurasia Journal of Mathematics, Science & Technology Education, 2007, 3(2), 149-156 The Impact of Motivation on Student’s Academic Achievement and Learning Outcomes in Mathematics among Secondary School Students in Nigeria Adedeji Tella Osun State College of Education, Osun State, NIGERIA Received 10 January 2007; accepted 19 April 2007 In our match towards scientific and technological advancement, we need nothing short of good performance in mathematics at all levels of schooling. In an effort to achieve this, this study investigated the impact of motivation on students’ school academic achievement in mathematics in secondary schools using motivation for academic preference scale (α = 0.82) as a measuring instrument and achievement test in mathematics (ATM) Two hypotheses were tested for significant at 0.05 margin of error using t-test and analysis of variance (ANOVA) Results showed that gender difference were significant when impact of motivation on academic achievement was compared in male and female students. Also other result indicates significant difference when extent of motivation was taken as variable of interest on academic achievement in mathematics based on the degree of their motivation. Implications, suggestions and recommendations on students, parents, government, counsellors, educational stakeholders, etc were discussed. Keywords: Motivation, Academic Achievement, Learning Outcome, Mathematics, Secondary School Students, Nigeria INTRODUCTION AND BACKGROUND In...
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...were significantly related to academic achievement; adjustment was positively correlated with academic achievement in case of boys. Gupta (1987) studied relationship between locus of control, anxiety, personality traits, level of aspiration and academic achievement of secondary school students with the objective to assess the magnitude and direction of relationship of locus of control, anxiety, personality traits, level of aspiration with academic achievement by taking a sample of 670 students of average intelligence drawn from a population of 3780 students of class XI of Hindi medium school of Allahabad city and found that locus of control, anxiety, level of aspiration was correlated negatively with academic achievement; socio economic status had significant positive correlation with academic achievement; boys were high achievers, more internally...
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...Hayamanesh St., Kaboli Ave. Tehran, Iran 16316-43351 Marital Status: Single Phone: Home: (+98) (21)88466239 Cellphone: (+98) (913)3987938 fateme_askarzadeh@yahoo.com Fatemeh Askarzadeh Education: MS/MBA in management (Major in Financial Management) Graduate School of Management and Economics (GSME) Sharif University of Technology, Tehran, Iran, GPA: 4/4 2010-2012 B.Sc. in Electrical Engineering (Major in Control) Sharif University of Technology, Tehran, Iran 2005-2009 High school Diploma/Pre-University Certificate Dr. Hesabi Talented Students High School, Kerman, Iran 2001-2005 Related Courses: Related Courses: Investment Management (Top Market) Financial Management (Top Market) Managerial Accounting (Full Mark) Seminar on Finance (Top Market) Topics in Finance Microeconomics (Distinction) Management Decision Models (Distinction) Behavioral Finance “Training Course” Engineering Economics Mathematical Courses: General Mathematics I General Mathematics II Engineering Mathematics Differential Equation Engineering Probability and Statics Numerical Computation Linear Algebra Research and Projects: "QE Policy impact on the Gold Market", Donyaye Eqtesad Newspaper "Currency Bourse impact on the Futures Market",Donyaye Eqtesad Newspaper "Global Disappointment and Local Market", Donyaye Eqtesad Newspaper “Feasible Study of Option Market in Iran”, Spring 2011 “Combination Strategies of Financial Instruments”, Fall 2011 “Investigation of Cognitive Biases in Iran Audio&...
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...Applied mathematics for business, economics, life sciences, and social sciences, 1997, 1175 pages, Raymond A. Barnett, Michael R. Ziegler, Karl Byleen, 0135745756, 9780135745755, Prentice Hall, 1997 Published: 14th July 2010 DOWNLOAD http://bit.ly/1RspljW Applied mathematics for business, economics, life sciences, and social sciences This book prepares readers to understand finite mathematics and calculus used in a wide range of disciplines. Covering relevant topics from finance, linear algebra, programming, and probability, the Seventh Edition places emphasis on computational skills, ideas, and problem solving. Other highlights include a rich variety of applications and integration of graphing calculators. Provides optional regression analysis, containing optional examples and exercises illustrating the use of regression techniques to analyze real data. Both graphing calculator and spreadsheet output are included. Offers more optional technology examples and exercises using actual data. Implements use of graphing calculators in optional examples, exercises in technology, illustrations of applications of spreadsheets and sample computer output. DOWNLOAD http://bit.ly/1qC8Dk0 http://www.jstor.org/stable/2483933 Solutions manual to accompany Raymond A. Barnett and Michael R. Ziegler's finite mathematics for business, economics, life sciences, and social sciences , R. Michael Ziegler, Raymond A. Barnett, 1990, Science, 476 pages. . Precalculus functions and graphs...
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...acquiring skills, relevant knowledge and habits for surviving in our changing world. Education has become one of the most powerful weapons known to man for reducing poverty and inequality in modern societies. It is also used for laying the foundation for a sustainable growth and development of any nation. Education is a vital instrument in development; the National Policy on Education (1998) refers to it as an instrument "par excellence" for effecting national development. President Obasanjo’s government initiated a 10-year plan for Nigeria which will provided a framework for the future development of education in support of Nigeria’s national aspiration to be among the 20 top world economies by the year 20:20. Education has an immense impact on the human society. One can safely assume that a person is not in the proper sense till he is educated. It trains the human mind to think and take the right decision. In other words, man becomes a rational animal when he is educated. It is through education that knowledge and information is received and spread throughout the world. An uneducated person cannot read and write and hence he is closed to all the knowledge and wisdom he can gain through books and other mediums. Education constitutes the core of human development. It opens up opportunities for both individual and group empowerment. It is a vital tool for transformation and the key to the sustainable development of a nation. Human capacity development anchored on strong learning...
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...Vulnerable Populations Vulnerable populations are groups of people not well integrated into the health care system because of ethnic, cultural, economic, geographic, or health characteristics. As a result those individuals are in danger of not acquiring medical care there by creating a potential threat to their health. Examples of vulnerable populations include racial and ethnic minorities, elderly, underinsured or uninsured, psychiatric population, immigrants, children, and people with disabilities or multiple chronic conditions (Urban Institute, 2010). To demonstrate an understanding of the impact vulnerable populations have on the United States health care system, it is important to focus on one particular population, e.g., children. It is important to discuss a description of children demographics, explain why children are classified as vulnerable, what influence does this have on America’s health care, and finally to perform an analysis of how stakeholders are affected by this population. Demographics Gender mix. According to the 2010 census, there were 74.2 million children in the United States, 1.9 million more than in 2000, a number that is anticipated to increase to 87.8 million by 2030. There were approximately equal numbers of children in three age groups: 0–5 (25.5 million), 6–11 (25.0 million), and 12–17 (25.1 million) in 2010 (The United States Census, 2010) Children made up 24% of the population in 2010, down from the “baby boom” (1964). The population of...
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...PART- I PAPER- I: MICROECONOMICS I Full Marks 50 1. INTRODUCTION: Nature and scope, scarcity and choice, concepts of demand and supply, impact of changes in demand and supply, price system as an economic mechanism. 2. CONSUMER BEHAVIOUR: Assumptions on preference ordering, indifference curve, budget constraint and consumer’s equilibrium, substitution effect (Hicks & Slutsky) and income effect, ordinary and compensated demand curves, inferior goods and Giffen goods, price consumption and income curves, derivation of labour supply and intertemporal choice, (saving and borrowing), Revealed Preference – the weak axiom and substitution effect. 3. DEMAND AND SUPPLY: Demand function, supply function, market equilibrium, stability of equilibrium, elasticities of demand and supply, consumer’s and producer’s surplus, burden of indirect taxes and subsidies, price and quantity controls, minimum wage, import tariff and quota. 4. PRODUCTION AND COST : Production function, total, average and marginal products, isoquants and economic regions of production, cost minimization and expansion path, elasticity of substitution, economies of scale, Cobb Douglas, fixed coefficient and CES functions, short run and long run costs. REFERRENCES: - Maddala-Miller Pindyck-Rubinfeld Varian (Intermediate) Ferguson-Gould Kutsoyanis (Modern Microeconomics) ...
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...Nash, was an electrical engineer, and his mother, Margaret Virginia, was a school teacher. He had one younger sister named Martha. Nash attended Carnegie Institute of Technology through a full scholarship, first majoring in chemical engineering, and then later switching to mathematics. He graduated in 1948 at the remarkable age of 19. Afterwards, he attended Princeton to further his education in mathematics. While he was at Princeton, he worked on an equilibrium theory, later earning his Ph. D degree in 1950 with a 28-page dissertation on non-cooperative games. This equilibrium theory is now better known as the "Nash equilibrium."...
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...The question is “Who are the notable African Americans who have earned Ph.D.s in mathematics?” Would researching the answer be significant? Is it important in the science of mathematics to investigate whether five Ph.D.s awarded to five African Americans between 1925 and 2000 imparts enough impact to the field to fill the gap in the canon of mathematics and history? My intention with this paper is to offer the reader the opportunity to consider the field of mathematics in which five individuals have made and are making contributions, while at the same time suggesting that their path to their achievements were unusual. The first section of this paper is a summary of these five. The second section is concise and provides an overview of how many math Ph.D.s, were awarded to African Americans during that same period. The next two sections examine the contributions and mathematical achievements in general and the barriers and psychology that perhaps has created a dismal increase in underrepresented populations entering the field. The final section highlights the importance and implication of stagnate educational pipelines. In addition, I would like to stretch the mind to consider educational practices, as we know them now and to urge the reader to, bear in mind that in the 21st century, we need the talents, contributions and resources of all citizens in United States. A Summary of Five Ph.D.s in Math from 1925 to 2000 While there are numerous achievements by minorities...
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...Operations Research and its Prospects in Pakistan Prof. Dr. Shoaib ud Din Mathematics Department Punjab University, Lahore, Pakistan Operations Research has had an increasingly great impact on the management of organizations in the recent years. In fact, with the exception of advent of electronic computer, the extent of this impact seems to be unrivalled by that of any other recent development. However, all the development in this field has gone almost unnoticed in most developing countries including Pakistan. This article is an effort to introduce Mathematics community in the country to the subject and its achievements. A brief history In order to appreciate the importance of OR in the world today it is important that we know something of its history and evolution. Although roots of Operations Research can be traced back many decades, it is generally agreed that this discipline began during World War II. During the War team of British scientists with diverse background were called upon to study the strategic and tactical problems associated with air and land defense of the country. The establishment of this scientific team marked the first formal Operations Research activity. Their efforts were allegedly instrumental in winning the Air Battle of Britain, The Island Campaign in the Pacific, the Battle of the North Atlantic, and so on. The name Operations Research-Operational Research in the United Kingdom – was apparently coined because the problems assigned to this team...
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