Business Mathematics
Course type
Study programme and level
Language
slovenščina
Lectures | Seminar | Tutorial | Druge oblike študija | Individual Work | ECTS |
---|---|---|---|---|---|
10 | 115 | 5 |
Study programme and level | Study field | Academic year | Semester |
I. level | Law and Management of Infrastructure and Real Estate | 1 | 1 |
Course type
Compulsory
Workload | Lectures (h/semester) | Seminar
(h/semester) |
Tutorial
(h/semester) |
Individual Work (h/semester) | ECTS |
30 | 25 | 70 | 5 |
Lecturer
prof. dr. Ajda Fošner
Languages
English
Prerequisites
Knowing basic mathematical calculations and basic definitions of analysis and linear algebra. Basic knowledge of high school mathematics.
Content (Syllabus outline)
- Basic mathematical analyses: number theory, sequences as foundations of interest calculation, analysis of variable functions.
- Functions usage and differential calculus in economy: defining extremes, elasticity, economic functions.
- Business calculations: basic definitions and concepts in financial mathematics (interests, loans, rents, pension insurance…).
Study Literature
– Margaret L. Lial, Thomas W. Hungerford, John P. Holcomb, and Bernadette Mullins. 2014. Mathematics with Applications In the Management, Natural and Social Sciences (11th Edition). Publisher: Pearson.
– Kevin Wainwright and Alpha Chiang. 2004. Fundamental Methods of Mathematical Economics (4th Edition). Publisher: McGraw-Hill Education.
– Michael Klein. 2001. Mathematical Methods for Economics (2nd Edition). Publisher: Pearson.
Objectives and competences
• Using mathematical methods in analysis and in solving economical and business problems,
• using statistical methods (quantitative and qualitative) in studying problems,
• knowing analytic and structural approach in studying problems,
• using mathematical and statistical methods in representation, analysis, and argumentation of solutions, ideas, projects, problems,
• understanding economical theories.
• knowing basic mathematical analysis,
• using financial calculus in financial analysis, evaluating money streams, calculating value of money, interests, loans,
• using differential calculus in the theory of economics,
• knowing mathematical methods.
Intended learning outcomes
Students will:
- fortify basic high school mathematics,
- assimilate the knowledge of real functions of one variable,
- know how to analyze function (basic properties, graphs),
- learn about sequences and special forms of them,
- know how to derivate function of one variable,
- know geometric meaning of derivation and how to use this,
- use derivation in economics,
- understand the theories of economics in the mathematical point of view,
- get to know basic concepts in financial mathematics,
- get to know how to use concepts of financial mathematics,
- get to know how to solve complex problems in financial mathematics (interests, loans, rents, pension insurance…),
- know how to use theory in solving financial problems.
Learning and teaching methods
Work form:
• Frontal teaching
• Individual work of students
Methods:
• Explanation
• Discussion
• Case study
• Solving problems
Assessment
Written examination at the end of the course.
Lecturer’s references
Prof. dr. Ajda Fošner is employed as a full professor (subject area Mathematics) at GEA College and at the University of Primorska. The primary research fields of dr. Ajda Fošner are noncommutative rings, linear algebra, and functional analyses. It should be mentioned that prof. dr. Ajda Fošner also focuses on the mathematical problems in quantum mechanics. Furthermore, she is involved in research on the field of quantitative methodology in social sciences. Prof. dr. Ajda Fošner participated with the original scientific contributions in numerous international conferences. She has worked as a researcher on several scientific projects on the field of mathematics, which is her primary research area, as well as on projects on other fields. Prof. dr. Ajda Fošner published many original scientific papers in prestigious international journals. This shows her productive and high quality research work. Visibility of her work is shown also with the total number of citations. She received several awards, such as Chancellor Award of University of Maribor and Award for scientific excellence of the University of Primorska.