Thanks for the info. What's the scope of math in mathematical econs and its difficulty level compared to physics then?micromass said:The mathematics is physics will be way harder than that in business and economics. Of course, you can go for mathematical economics, which has pretty rough mathematics itself.
WWCY said:Thanks for the info. What's the scope of math in mathematical econs and its difficulty level compared to physics then?
StatGuy2000 said:Since I assume you are talking about undergrad, I can say that the mathematical level in physics far surpasses the equivalent in an introductory business or economics class.
micromass is correct in saying that scope of math in mathematical economics can be extensive, but it's unlikely you'll see any of this until senior (maybe 3rd or 4th year) economics class at a minimum (more likely in 1st year graduate level economics classes), and the level of mathematics would about on par with what you would learn in a physics or math degree program at any rate.
Mathematics is used in physics to describe and quantify the physical world. It helps to create precise and accurate models and equations that can explain and predict the behavior of objects and systems in the universe. Many fundamental principles in physics, such as Newton's laws of motion and Einstein's theory of relativity, are expressed mathematically.
Mathematics is used in business and economics to analyze and interpret data, make predictions and projections, and optimize decision-making. In finance, for example, mathematical models are used to determine risk and return, and to understand market trends. In economics, mathematical models are used to study supply and demand, consumer behavior, and other factors that affect the economy.
In physics, mathematics is used to study the natural world and its physical laws. It is focused on understanding and explaining the behavior of objects and systems in the universe. In business and economics, mathematics is used to analyze and make decisions related to economic systems, markets, and financial data. It is focused on understanding and predicting human behavior and its impact on the economy.
The level of mathematics used in physics is generally more advanced and complex compared to that used in business and economics. In physics, advanced mathematical concepts such as calculus, differential equations, and linear algebra are commonly used to solve complex problems. In business and economics, basic mathematical concepts such as algebra, statistics, and probability are more commonly used, with some applications of more advanced concepts depending on the specific field of study.
Yes, some principles of mathematics in physics can be applied to business and economics. For example, the use of mathematical models to analyze data and make predictions is common in both fields. However, the specific applications and techniques may vary due to the different focus and goals of physics and business/economics.