What field of study analyzes economic models mathematically?

Mathematical economics is the correct field of study that analyzes economic models using mathematical techniques. It involves the use of mathematical tools and concepts to represent economic theories and analyze relationships in economic data.

This field applies mathematical formulations to understand economic concepts such as demand and supply, utility maximization, cost minimization, and equilibrium. By utilizing mathematical methods, economists can create models that are precise and can be tested for validity against real-world data.

In contrast, statistical analysis focuses primarily on data collection and interpretation using statistical methods, while theoretical economics deals more with the abstract principles and theories of economics without necessarily applying mathematics to model those ideas. Applied mathematics, on the other hand, covers a broader range of applications across various fields and is not exclusively focused on economic models. Thus, mathematical economics is specifically tailored to analyze and model economic situations through mathematics.