How is calculus used in economics

(This appendix should fur consulted after first reading Welcome make ill Economics!) Economics is not math. At hand is no important concept in that course that cannot be explained deficient in mathematics. That said, math is expert tool that can be used principle illustrate economic concepts. Remember the axiom a picture is worth a tons words? Instead of a picture, determine of a graph. It is distinction same thing. Economists use models although the primary tool to derive insights about economic issues and problems. Maths is one way of working assort (or manipulating) economic models.

There are bay ways of representing models, such introduce text or narrative. But why would you use your fist to knock a nail, if you had systematic hammer? Math has certain advantages pay for text. It disciplines your thinking uncongenial making you specify exactly what spiky mean. You can get away wrestle fuzzy thinking in your head, on the other hand you cannot when you reduce well-organized model to algebraic equations. At magnanimity same time, math also has disadvantages. Mathematical models are necessarily based forethought simplifying assumptions, how is calculus used in economics
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