The Mathematics of Economics and Business
The resources in this collection are the result of a project managed by Mathematics for Education and Industry (MEI) and funded by the Clothworkers’ Foundation.
These resources aim to show the importance of mathematics and statistics in economics and business. There are seven areas covered - use of multipliers, statistical modelling, elasticity, compound interest, inflation, student loans, measuring inequality and modelling the market.
Please note that some resources require use of Geogebra software.
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Modelling the Market: Part One
From the Integrating Mathematical Problem Solving project by Mathematics in Education and Industry (MEI), this activity shows that it is not possible to be certain what the market will do next. The mathematical ideas covered are:
• Time series
• Percentage change
• Random walks
• Geometric...
Modelling the Market: Part Two
From the Integrating Mathematical Problem Solving project by Mathematics in Education and Industry (MEI), this activity shows that derivatives can help to manage risk. The market in derivatives has grown enormously in recent years. On average, speculators break even. The mathematical ideas covered are:
•...
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| Subject(s) | Mathematics |
|---|---|
| Age | 16-19 |
| Published | 2010 to 2019 |
| Published by | |
| Collections | |
| Direct URL | https://www.stem.org.uk/cx5rg |
