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Symbolic Mathematics Programs: A Tool for the Applied Economist
Author(s) -
Gloy Brent A.,
Preckel Paul V.
Publication year - 1999
Publication title -
applied economic perspectives and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.4
H-Index - 49
eISSN - 2040-5804
pISSN - 2040-5790
DOI - 10.2307/1349899
Subject(s) - intuition , diversification (marketing strategy) , portfolio , variety (cybernetics) , computer science , algebraic number , mathematical economics , mathematics education , mathematics , economics , finance , epistemology , artificial intelligence , marketing , mathematical analysis , philosophy , business
The power of the symbolic mathematics program Maple is demonstrated for teaching topics from microeconomics (the benefits of portfolio diversification) and econometrics (a geometric perspective of multicollinearity). In particular, it appears that the use of symbolic mathematics programs has excellent potential to strengthen the development and integration of graphical and algebraic intuition for a wide variety of economic problems.