Content, progress and pedagogy of the module

The module introduces the interaction between mathematics, business economic models and analysis. The student gains an understanding of basic calculus (including differentiation and optimisation of functions of one or more variables) and linear algebra (including vector calculus, matrix algebra and linear systems).

Through the module, the student will develop an understanding of the interaction between mathematics and business economic models and analyses and then be able to independently identify and solve business problems by applying basic mathematical methods.

Learning objectives

Knowledge

The objective is that the student after the module possesses the necessary knowledge on:

• the interaction between mathematics and business economic models and analysis in practice.
• functions of one or more variables, including their differentiation and optimisation.
• application of linear and matrix algebra to business analysis.

Skills

The objective is that the student after the module possesses the necessary skills in:

• formulating and analysing basic business economic models using mathematics, including the use of software.
• applying relevant calculus rules to typical functions in economics, such as exponential and logarithmic functions, including differentiation of typical functions.
• practical and theoretical application of matrix algebra and methods for solving systems of linear equations.

Competences

The objective is that the student after the module possesses the necessary competences in:

• independently identify and solve business problems using basic mathematical methods.
• critically interpret mathematical solutions and results related to basic business economic models, including arguing for the steps in a mathematical solution.
• independently acquire knowledge of business economic literature that applies mathematics.

Type of instruction

For information see § 17.

Exam

Prerequisite for enrollment for the exam

• It is a prerequisite for exam participation that the student has handed in specified assignments.
  
• If the student has not fulfilled the above prerequisite for participation in the ordinary examination, then it must be fulfilled to participate in the re-examination.

Exams