# Mathematical Symbolism

Chapter

## Abstract

The first thing we must do is introduce some basic mathematical concepts. I am going to assume you have no mathematical background. The first thing a mathematical economist does is replace words with symbols so that price may become *p*, quantity may become *Q*, and so on. Of course, the symbol used is completely arbitrary: price could be represented by *Y* and quantity by *X*, for example. Most writing, however, prefers to relate the symbols in some way to the words they represent. The words represented and the symbols used are referred to as **parameters** and **variables**.

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## Copyright information

© Byron D. Eastman 1984