Vol. 3 No. 11 (2023)
Articles

MATHEMATICS EDUCATION: ECONOMIC CONCEPTS AND PRINCIPLES MADE EASY

Mark Sanderson OTIKOR
Department of Science Education (Curriculum), Faculty of Education, Ignatius Ajuru University of Education, Nigeria.

Published 2023-11-30

Keywords

  • Mathematics Education,
  • Economic Concepts,
  • Economic Principles

How to Cite

Mark Sanderson OTIKOR. (2023). MATHEMATICS EDUCATION: ECONOMIC CONCEPTS AND PRINCIPLES MADE EASY. International Journal of Research in Education and Sustainable Development, 3(11), 27-41. https://www.openjournals.ijaar.org/index.php/ijresd/article/view/314

How to Cite

Mark Sanderson OTIKOR. (2023). MATHEMATICS EDUCATION: ECONOMIC CONCEPTS AND PRINCIPLES MADE EASY. International Journal of Research in Education and Sustainable Development, 3(11), 27-41. https://www.openjournals.ijaar.org/index.php/ijresd/article/view/314

Abstract

Mathematics education is essential for understanding economic concepts and principles. This paper explores mathematics education to economic concepts and principles made easy. The paper further examined the concepts of mathematics education like algebra, calculus, and statistics, aid economics students in analyzing and interpreting data properly, understanding and applying economic theories, making more informed decisions about financial investments or business strategies, developing strong critical thinking and problem-solving skills and thinking creatively and come up with help economics new ideas. While mathematics education can be a great tool for helping economics students succeed, some challenges need to be addressed. They include challenges of students with different levels of mathematical ability, lack of qualified (mathematics and economics) teachers, lack of real-world applications and the increasing use of technology. The paper concluded that mathematics education is essential for understanding economic concepts and principles because mathematics skills like algebra, calculus, linear equations, linear function, percentages, graphs, and statistics, mathematics education would aid economics students in analyzing and interpreting data properly, understanding and applying economic theories, making more informed decisions about financial investments or business strategies, developing strong critical thinking and problem-solving skills and thinking creatively and come up with help economics new ideas. To handle the identified challenges, the paper suggested among others that schools should ensure the provision of more professional development for math teachers as well as ensure they increase funding for mathematics education by prioritizing it in state and federal budgets.

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