Applied Business Mathematics
Niveau
1st study cycle, Bachelor
Learning outcomes of the courses/module
The participants:
• can explain the fundamentals of financial mathematical expressions and derive them using instruments of exponential calculation.
• can independently solve basic business and financial mathematics problems.
• can apply mathematical methods of differential calculus to economic questions.
• use mathematical expressions as a basis for statistical data analyses.
• use the MS Excel software package for analyzing and visualizing mathematical problems.
• can implement optimization problems based on multivariate functions and represent them using suitable software.
• can explain the fundamentals of financial mathematical expressions and derive them using instruments of exponential calculation.
• can independently solve basic business and financial mathematics problems.
• can apply mathematical methods of differential calculus to economic questions.
• use mathematical expressions as a basis for statistical data analyses.
• use the MS Excel software package for analyzing and visualizing mathematical problems.
• can implement optimization problems based on multivariate functions and represent them using suitable software.
Prerequisites for the course
None
Course content
• Linear and quadratic functions
• Basic financial mathematics
• Differential calculus
• Systems of linear equations
• Analysis of functions with two or more variables
• Optimization under constraints using the Lagrange function
• Basic financial mathematics
• Differential calculus
• Systems of linear equations
• Analysis of functions with two or more variables
• Optimization under constraints using the Lagrange function
Recommended specialist literature
• Von Blanckenburg, Korbinian; Mathematik in der BWL: Anwendungsorientiert und verständlich. Vahlen (in der aktuellen Auflage)
• Sydsaeter, Knut; Hammond; Peter; Strom, Arne: Mathematik für Wirtschaftswissenschaftler: Basiswissen mit Praxisbezug. Pearson Studium (in der aktuellen Auflage)
• Christiaans, Thomas; Ross, Matthias: Wirtschaftsmathematik für das Bachelor-Studium. Springer Gabler (in der aktuellen Auflage)
• Sydsaeter, Knut; Hammond; Peter; Strom, Arne: Mathematik für Wirtschaftswissenschaftler: Basiswissen mit Praxisbezug. Pearson Studium (in der aktuellen Auflage)
• Christiaans, Thomas; Ross, Matthias: Wirtschaftsmathematik für das Bachelor-Studium. Springer Gabler (in der aktuellen Auflage)
Assessment methods and criteria
Portfolio assessment
Language
German
Number of ECTS credits awarded
5
Semester hours per week
Planned teaching and learning method
Blended learning
Semester/trimester in which the course/module is offered
1