Mathematical Models in  Economics: Applications of Sequences, Derivatives, and Differential Equations

Neritan Turkeshi; Ilir Demiri; Shpetim Rexhepi

doi:10.9734/ajarr/2024/v18i12849

Research Article Open access CC BY 4.0

Mathematical Models in Economics: Applications of Sequences, Derivatives, and Differential Equations

Neritan Turkeshi, Ilir Demiri, Shpetim Rexhepi

Asian Journal of Advanced Research and Reports · pp. 535–541 · Published 26 Dec 2024

10.9734/ajarr/2024/v18i12849

Abstract

This paper examines the application of mathematical tools—numerical sequences, derivatives, and differential equations—that have important uses within economic analyses on population modeling, investment growth, and population cost. Numerical examples shall be used to illustrate how such a mathematical approach helps in financial decision-making and long-term forecasting. It's expected that this work will provide insight into the benefits of mathematical models in addressing complex economic challenges and make a case for interdisciplinary approaches in economics.

Sequences derivatives differential equations marginal cost average cost GDP

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Neritan Turkeshi, Ilir Demiri, Shpetim Rexhepi (2024). Mathematical Models in Economics: Applications of Sequences, Derivatives, and Differential Equations. Asian Journal of Advanced Research and Reports , 535–541. https://doi.org/10.9734/ajarr/2024/v18i12849

Affiliations

Neritan Turkeshi — Mother Teresa University, Skopje, North Macedonia.
Ilir Demiri — Mother Teresa University, Skopje, North Macedonia.
Shpetim Rexhepi — Mother Teresa University, Skopje, North Macedonia.

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