BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -In establishing such relationships, they apply numerous mathematical tools such as functions, equations, graphs, calculus, algebra, derivatives, etc., in order to quantify the facts.

Detailed explanation-2: -Description. Use of mathematical tools in economics helps in systematic understanding of relationships and derivation of certain results which would be more complex through verbal logic. The mathematical approach can be considered as a quick mode of transportation from a set of postulates to a set of conclusion.

Detailed explanation-3: -Three of the most effective tools that economists use are the scientific method, graphs, and economic models. You are no doubt familiar with the first tool, which you probably began learning in elementary school.

Detailed explanation-4: -Mathematics helps economists to perform quantifiable experiments and create models for predicting future economic growth. Advances in computing power, large-data techniques, and other advanced mathematical technologies have played a major role in making quantitative methods a fundamental aspect of economics.