Application of Mathematics in Economic Science

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Authors: Jani Subakti, Agung Wibowo, Muhammad Zakie Hanifan
Cited by: 0

Abstract

Mathematics is an essential foundation for modern economic analysis. Through a mathematical approach, the relationships between economic variables can be explained quantitatively and logically. This study aims to examine the application of mathematics in economics, particularly in the context of microeconomics and macroeconomics. The method used is descriptive qualitative, with a literature review approach from various academic sources. The results of the study indicate that the application of mathematics helps economists analyze market behavior, predict economic changes, and formulate more rational policies. Mathematical models such as the demand-supply function, elasticity analysis, and the Solow growth model are concrete examples of how mathematics strengthens economic science

Fields of Study & Subjects

Mathematical and Computational Methods Economic and Business Studies Mathematics Education and Pedagogy

Publication details

Journal / source
INOVATOR
Volume
14
Issue
2
Pages
59–65
Publication date
28 January 2026