Mathematics for Economics and Business
MATHEMATICS FOR ECONOMIS AND BUSINESS (Course code 12010003, ECTS 6)
The purpose of the course is to enable students to use the science of applied mathematics to calculate economic quantities necessary for accounting and financial services executives. Students will understand concepts such as simple interest and compound interest and calculate interest rates, interest, and capital. They will be able to combine this knowledge with elementary knowledge of mathematical analysis in order to examine, estimate and evaluate economic variables.
Course content
Basic concepts of mathematical analysis applied to economic problems
Simple interest
Average Interest Rate
Discounting bills
Interest or compound interest
Cash flows
Loans
Assessment
- Written exam at the end of semester (80% of the grade)
- Written assignment (20% of the grade)