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Mathematical Economics, Social Science and Political Science are inter-related. In this paper, an attempt has been made to describe aspects of these subjects by introducing examples, definitions, mathematical calculations and discussions. Game Theory is included in this paper to study...
Persistent link: https://www.econbiz.de/10011259154
Mathematical Economics is closely related with Social Choice Theory. In this paper, an attempt has been made to show this relation by introducing utility functions, preference relations and Arrow’s impossibility theorem with easier mathematical calculations. The paper begins with some...
Persistent link: https://www.econbiz.de/10011260951
The economy of Kenya has been continued to be the largest in the East African region and third largest in Sub-Saharan Africa after South Africa and Nigeria respectively. At present Kenya is one of the most highly literate countries in sub-Saharan Africa. But more than 60% people of Kenya live...
Persistent link: https://www.econbiz.de/10011109420
Republic of Kenya is the fourth largest economy in Sub-Saharan Africa. More than 60% people of Kenya live below the poverty line. Rapid increases in inflation could reduce economic growth and worsen the poverty levels of the citizens of Kenya. The agricultural sector is still the backbone of...
Persistent link: https://www.econbiz.de/10011110082