An important aspect of a student’s education in BA Economics is Mathematics and its application in various analytical and quantitative techniques in economics. Some disciplines like micro and macro economics involve modeling and mathematics. Complex matters like demand and supply, price setting, and market equilibrium need math methods to model them and understand the structure. Mathematics aids in simplifying complex phenomena of the economy into easier models to analyze and interpret.
Beyond theoretical frameworks, in econometrics and statistics, mathematics becomes important where students have to learn data collection, analysis, and interpretation. Understanding created economic trends, making predictions, evaluating policies and their effects are some of the things that regression analysis, probability theory, and hypothesis testing serves. Also, explains changes in a variable under different conditions of optimization issues such as profit maximization, cost minimization, or resource allocation. Not all Economics subjects in a BA degree program are mathematics-heavy, but, possessing adequate mathematics increases the students understanding of advanced problems of economics and their practical application, thus, making it an important skill to possess for economists.