Course - Mathematics for economists - AR100919
Mathematics for economists
New from the academic year 2019/2020
About
About the course
Course content
The course treats basic mathematical concepts and methods of analysis and supports the appropriation of mathematical representations in other parts of the study programme. The following themes will be treated:
- Elementary algebra (including solving equations and systems of equations)
- Functions of one variable (including polynomial functions, rational functions, exponential functions, logarithmic functions and compound functions)
-Differentiation and application of differentiation. Problems related to maximum and minimum
- Implicit differentiation and elasticities
- Sequences, series and sums (including arithmetical series, geometric series, infinite series and convergence)
- Finance mathematics (including savings, present value, loan, annuities)
- Integration (only for simple polynomial- and natural exponential functions)
- Functions of several variables (including Cobb-Douglas functions)
- Partial differentiation. Problems related to maximum and minimum for functions of several variables
- Lagranges method
Learning outcome
Learning outcome - Knowledge:
The student
- knows and understands basic mathematical concepts
- knows and understands mathematical analysis of functions
- knows and understands mathematical modelling
Learning outcome - Skills:
The student
- masters a wide range of algebraic operations
- is able to analyze different types of mathematical functions
- is able to use mathematics and mathematical models to analyze economic problems
Learning outcome - General competence:
The student
- has developed an ability for logical thinking
- has a understanding of the possibilities of mathematics and its limitations as a tool in economic problems
Learning methods and activities
Lectures and exercises
Compulsory assignments
- Mandatory assignment
Further on evaluation
Supporting material allowed on exams:
- a collection of mathematical formulas is attached to the exam
- approved calculator of type 2 according to the prevailing rules at NTNU Business School
Work requirements must be approved in order to gain admission to the exam. Form and extent of the work requirements is specified at the start of the term.
Specific conditions
Admission to a programme of study is required:
Business Administration (ÅØKADM)
Business Administration (ØA369)
Business Administration (ØABACHELOR)
Digital Business Development (ITBAITBEDR)
Science in Accounting and Auditing (ØABACHBRR)
Recommended previous knowledge
A good foundation in mathematics (S1 + S2/R1 or equivalent) is recommended
Required previous knowledge
Fulfilling the requirements for the study programme
Course materials
Dovland, O.G. og P. Pettersen, Matematikk for økonomistudenter, Fagbokforlaget. With reservations.
Credit reductions
| Course code | Reduction | From |
|---|---|---|
| SØK1001 | 7.5 sp | |
| AR100914 | 7.5 sp | |
| REA1131 | 5 sp | |
| ME110 | 6 sp | |
| MET8002 | 7.5 sp | |
| MET1001 | 7.5 sp |
Subject areas
- Economics and Administration
Contact information
Course coordinator
Lecturers
Department with academic responsibility
Examination
Examination
Ordinary examination - Autumn 2019
Written examination
The specified room can be changed and the final location will be ready no later than 3 days before the exam. You can find your room location on Studentweb.