Mathematics for economy

The course treats basic mathematical concepts and methods of analysis and supports the appropriation of mathematical representations in other pats of the study program. 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
- 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

Learning outcome - 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

Learning outcome - Comptence:
The student
- has developed an ability for logical thinking
- has a understanding of the possibilities of mathematics and limitations as a tool in economic prolems

Pedagogical methods:
Lectures and exercises 

Mandatory requirements:
Compulsory exercises must be approved to gain admission to the exam.