Applied mathematics is the use of mathematical techniques to solve real-world problems. In business, economics, and social sciences, applied mathematics helps professionals:
The author uses real-world examples and case studies to illustrate the practical applications of mathematical concepts in various fields, such as:
Using linear functions to find the exact quantity of products a company must sell to cover its total fixed and variable costs.
To model trends, calculate marginal costs, and understand market equilibrium. Social Science Researchers:
by Frank S. Budnick is a widely used academic resource for students in management and social science fields.
Frank Budnick’s text is a staple in undergraduate courses worldwide. It is designed to bridge the gap between theoretical mathematical concepts and their practical application in non-STEM fields. Unlike rigorous pure mathematics textbooks that focus heavily on proofs and theorems, Budnick focuses on utility . The central thesis of the book is that mathematics is a tool for decision-making, and it treats the subject as such.
: Includes actual data from real applications to show how mathematical principles relate to the industry.
Applied Mathematics for Business, Economics, and the Social Sciences