In this essay, an effort has been made to understand the various applications of mathematics in economics and to analyze its use in daily life. It was also observed how the study of mathematics and economics could be combined and applied in our lives. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an original essay I would like to start by mentioning that I come from a scientific background. So I was very scared at the beginning when I decided to pursue economics. I had studied economics till tenth standard, but I knew that studying economics at diploma level would be totally different and difficult, of course. But when classes started here, I discovered that economics is all about finding and producing results using mathematical tools. I discovered that mathematics and economics were very interdependent because you needed one to complement the other. In my opinion, it is impossible to study economics without mathematics. I would like to be honest in this analysis and would like to cite only those applications which, as a science student, seem to me to be related to the two broad fields of economics and mathematics. Thus, mathematics can be applied in economics in the following ways:Summarization or integrationIntegration involves summing up small units to estimate the larger sum or whole. Also in economics we can see how countries, small or large, come together to be able to add their power and form a larger coalition. This would benefit both countries in terms of economic and political relations. This idea can be applied to any gathering like coalition of parties or politicians to gain majority to gain power by winning elections. To differentiate or extract a part We can use the differentiate tool to break something down to its smaller parts or to distinguish something at a smaller level. When we look at the subject of microeconomics, we can see how the mathematical tool of differentiation is used to find marginal cost, marginal revenue, marginal revenue, etc. To organize a given piece of data, mathematics can be used in economics to collect specific information. We can use the mathematical tool of “matrices” to collect and organize particular data such as population of a country, people working in a company under different departments, boys and girls studying in a class or a school. calculations of large values ​​arranged in a particular wayThe mathematical tool of "determinants" can be used to calculate values ​​arranged in a particular way. For example, if we know the total number of resources available and the people who are misusing a specific type of resources, we can compile the results and determine how long our resources will last, the people at the bank can use the mathematical tool “determinants” to calculate the total amount of money people have deposited into different accounts. Aids in proper systematic study. Mathematics makes the study of economics easier and allows students to take a more systematic approach. Statistics is a very powerful mathematical tool that can allow us to interpret important data more effectively. Statistics allow us to clearly understand data. For example, if we want to check which product is trending and minting money in an economy, we can use./30472