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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 aim of the study is to describe the general upper limit of the age of the universe with the help of different cosmological models of the universe. Here homogeneous and isotropic assumptions of the observed universe are not strictly followed to calculate the present age of the universe....
Persistent link: https://www.econbiz.de/10011109135
Friedmann, Robertson-Walker (FRW) models are established on the basis of the assumption that the universe is homogeneous and isotropic in all epochs. Even though the universe is clearly inhomogeneous at the local scales of stars and cluster of stars, it is generally argued that an overall...
Persistent link: https://www.econbiz.de/10011110992
The Friedmann, Robertson-Walker universe is based on the assumption that the universe is exactly homogeneous and isotropic. This model expresses that there is an all encompassing big bang singularity in the past as the origin from which the universe emerges in a very hot phase and continues its...
Persistent link: https://www.econbiz.de/10011114054