Application of mathematics in business and economics

ByManojkumar Mishra

Agenda:

What is Mathematics..??

Applications of Mathematics

Applications of math in business

Applications of math in economics

Conclusions

WHAT IS MATHEMATICS…??

• Mathematics is the science that deals with the logic of shape, quantity and arrangement.

Srinivasa Ramanujan

(Mathematician & Autodidact

APPLICATION OF MATHEMATICS

• Probability and Statistics• Numerical Analysis• Business Mathematics• Mathematical Economics

Application of mathematics in business

• Studying number patterns• Manipulate numbers • Calculate Production Costs• Determine Pricing• Measure Profits• Analyze Finances

Application of mathematics in economics

• Quantitative methods are mathematical or statistical calculations that provide economists with indicators for comparing the current economic analysis to those of previous periods.

•  Economists often use various types of math to ensure their personal judgments, inferences or theories are supported by meaningful calculations

Conclusion

We are surrounded by the math in each and every steps of our life we feel the nessicity of math. It has wide application in our daily life , from the kindergarten to the graduation , from home to tuition everywhere we are surrounded bye the application of math.it has been became an integral part of our life.

THANK YOU