Mathematics in the current economy

2000/08/01 Duoandikoetxea Zuazo, Javier - EHUko matematika irakaslea Iturria: Elhuyar aldizkaria

• Matematika

Mathematicians and economists who have mathematically developed Nobel prize-winning economies have been present on more than one occasion. The elementary issues of yesteryear are not enough to meet current needs and a deeper understanding of Mathematics is necessary. Mathematics used in the works of Black, Merton and Scholes were not the usual ones in the Formation of economists then, but the need has made it into later years. Currently, classes of economists include periodic series, stochastic integrals, Markov processes, diffusion equations, martingals and other concepts of higher mathematics.

On the other hand, in banks and other institutions, mathematicians, engineers, computer scientists and physicists work together with economists. And not only applying already known methods, but in continuous research. In this way, the market also extracts new products to meet the demands of investors. For mathematicians it is a new area of work with a great short-term future.