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EES 100: MATHEMATICS FOR ECONOMISTS I
| Institution | KENYATTA UNIVERSITY |
| Course | ECONOMETRICS AND STA... |
| Year | 1st Year |
| Semester | Unknown |
| Posted By | Brian Mike |
| File Type | |
| Pages | 97 Pages |
| File Size | 901.83 KB |
| Views | 5055 |
| Downloads | 1 |
| Price: |
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Description
Statistics which is a branch of mathematics is used by economists to transform
raw data from the real world into numerical generalizations. Such generalizations
are used by economists to construct a network of interlocking relationships which
enable them to draw conclusions about economic variables that are related to each
other only directly.
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Physics is defined as the study of matter and its relation to energy. The subject is
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• falling of bodies towards the ground.
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• rapid technological developments in communication,
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applied in explaining phenomena like eclipse, lightning, rainbow, mirage and
many other wonders of nature. Physics explains the how and why behind the:
• falling of bodies towards the ground.
• daily occurrence of tides in the sea.
• rising up of a liquid through a drinking straw.
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