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Applied Business Mathematics
level of course unit
1. Study cycle, BachelorLearning outcomes of course unit
The students are able to:
• use mathematical methods of differential calculus for economic problems.
• discuss the basics of financial mathematical expressions and to derive them by means of exponential calculus instruments.
• able to analyze and evaluate macro- and microeconomic issues within the frame-work of mathematical models.
• solve fundamental economic and financial mathematical tasks independently.
•use mathematical expressions as a basis for statistical data analysis.
• use software like WolframAlpha and Excel for analysis and visualization of mathe-matical problems.
• able to implement optimization tasks on the basis of multivariate functions and to represent them with suitable software
• use mathematical methods of differential calculus for economic problems.
• discuss the basics of financial mathematical expressions and to derive them by means of exponential calculus instruments.
• able to analyze and evaluate macro- and microeconomic issues within the frame-work of mathematical models.
• solve fundamental economic and financial mathematical tasks independently.
•use mathematical expressions as a basis for statistical data analysis.
• use software like WolframAlpha and Excel for analysis and visualization of mathe-matical problems.
• able to implement optimization tasks on the basis of multivariate functions and to represent them with suitable software
prerequisites and co-requisites
none
course contents
• Linear and quadratic functions
• Elementary financial mathematics
• Differential calculus
• Linear systems of equations
• Analysis of functions with two variables
• Optimization with Lagrange function
• Elementary financial mathematics
• Differential calculus
• Linear systems of equations
• Analysis of functions with two variables
• Optimization with Lagrange function
recommended or required reading
• Sydsaeter, Knut; Hammond; Peter; Strom, Arne: Mathematik für Wirtschaftswissen-schaftler: Basiswissen mit Praxisbezug. Pearson Studium (in the current edition)
• Christiaans, Thomas; Ross, Matthias: Wirtschaftsmathematik für das Bachelor-Studium. Springer Gabler (in the current edition)
• Hettich, Günter; Jüttler, Helmut; Luderer, Bernd: Mathematik für Wirtschaftswissen-schaftler und Finanzmathematik. Oldenbourg Wissenschaftsverlag (in the current edition
• Christiaans, Thomas; Ross, Matthias: Wirtschaftsmathematik für das Bachelor-Studium. Springer Gabler (in the current edition)
• Hettich, Günter; Jüttler, Helmut; Luderer, Bernd: Mathematik für Wirtschaftswissen-schaftler und Finanzmathematik. Oldenbourg Wissenschaftsverlag (in the current edition
assessment methods and criteria
Portfolio
language of instruction
Germannumber of ECTS credits allocated
5eLearning quota in percent
15course-hours-per-week (chw)
3planned learning activities and teaching methods
Blended Learning
