Find out how and why mathematics is used in microeconomics, its limitations, and the math skills that economics students need.

PHYSICISTS look at the big world of planets, stars, galaxies, and gravity. But they also study the minute world of atoms and the tiny particles that comprise those atoms. Economists also look at two ...

Physicists look at the big world of planets, stars, galaxies, and gravity. But they also study the minute world of atoms and the tiny particles that comprise those atoms. Economists also look at two ...

Marginal analysis was the heart of early Austrian economics and was quickly adopted into mainstream economics, where it is central to modern microeconomic analysis. Amazingly, many people in business ...

Microeconomic theory forms the cornerstone of modern economics by examining how individuals and firms make decisions under constraints and how these decisions shape market outcomes. It provides a ...