# REA1153 - Mathematics for Business

### Examination arrangement

Examination arrangement: School exam

Evaluation Weighting Duration Grade deviation Examination aids
School exam 100/100 4 hours D

### 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

Knowledge:

The student

• knows and understands basic mathematical concepts
• knows and understands mathematical analysis of functions
• knows and understands mathematical modelling

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

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

• Work Requirements

### Further on evaluation

Supporting material allowed on exams:

• A collection of mathematical formulas is attached to the exam
• Approved calculator regarding NTNUs support material code B-D "specific basic calculator". Other calculators that are allowed in the course are: Casio FC-100V and Texas Instruments - BAII Plus.

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

Compulsory activities from previous semester may be approved by the department.

Admission to a programme of study is required:

### Course materials

Syllabus: Dovland, O.G. and P. Pettersen. Matematikk for økonomistudenter, last edition. Bergen: Fagbokforlaget. This may be subject to modification.

### Credit reductions

Course code Reduction From To
SØK1001 7.5 AUTUMN 2019
AR100914 7.5 AUTUMN 2019
REA1131 5.0 AUTUMN 2019
ME110 6.0 AUTUMN 2019
MET8002 7.5 AUTUMN 2019
REA1153F 7.5 AUTUMN 2022
More on the course

No

Facts

Version: 1
Credits:  7.5 SP
Study level: Foundation courses, level I

Coursework

Term no.: 1
Teaching semester:  AUTUMN 2022

Language of instruction: Norwegian

Location: Gjøvik

Subject area(s)
Contact information
Course coordinator: Lecturer(s):

Department of Mathematical Sciences

# Examination

#### Examination arrangement: School exam

Term Status code Evaluation Weighting Examination aids Date Time Examination system
Autumn ORD School exam 100/100 2022-12-14 09:00
Summer UTS School exam 100/100
• * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.
Examination

For more information regarding registration for examination and examination procedures, see "Innsida - Exams"

More on examinations at NTNU