COURSE INFORMATION
Course Title: MATH. FOR ECONOMICS AND BUSINESS I
Code Course Type Regular Semester Theory Practice Lab Credits ECTS
BUS 101 A 1 4 0 0 4 5
Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature) NA
Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours: Vasil Lino , Wednesday from 14 00 - 15 00 e-mail for appointment
Second Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours: NA
Teaching Assistant(s) and Office Hours: NA
Language: English
Compulsory/Elective: Compulsory
Classroom and Meeting Time: Tuesday E 212 11 30 - 13 15 Thursday A 005 12 30 - 14 15
Course Description: Mathematics for Economics and Business I: The aim of the courses is that the student be familiar with a wide variety of mathematical concepts. 1. The rate of change of function, Equations for lines, Functions and graphs, absolute values, limits continuity. 2. Derivates. 3. Applications of derivatives. Curve Sketching, Maxima and Minima, The Eigen value theorem. 4. Integration, Indefinite Integrals, Definite Integrals, Applications of Definite Integrals. 5. Transcendental functions Inverse Functions, Exponential and Logarithmic Functions. 6. Mathematics of Finance. 7. Introduction to Probability and statistics.
Course Objectives: To provide students with solid training in fundamental theories in both mathematics and economics. To equip students with quantitative reasoning skills, conceptual understanding, and the ability to effectively communicate in mathematics and in the language of economics and social science.
COURSE OUTLINE
Week Topics
1 Numbers and algebra
2 Linear equations and functions
3 Graphs of linear functıons
4 Supply and demand analysis
5 Quadratic functions
6 Revenue cost and profit
7 Indices and logarithms
8 Midterm Exam
9 Exponential and logarithmic functions
10 Percentages
11 Compound Interest
12 Infinite sequences and series
13 Infinite sequences and series
14 Investment Appraisal
Prerequisite(s): NA
Textbook: Ian Jacques, Mathematics for Economics and Business, Prentice Hall Inc., Harlow, 2006 Ian Jacques, Mathematics for Economics and Business, Pearson ninth edition 2018
Other References: Steven T. Karris (1994) Mathematics for Business, Science, and Technology, Orchard Publications. E. F. Haeussler, Jr. and R. S. Paul (1999) Introductory Mathematical Analysis, Perentice-Hall Inc. New Jersey.
Laboratory Work: NA
Computer Usage: NA
Others: No
COURSE LEARNING OUTCOMES
1 Solve linear equations and inequalities.
2 Solve a system of two simultaneous linear equations in two unknowns using elimination.
3 Identify and sketch a linear demand/supply function.
4 Determine the equilibrium price and quantity for a single-commodity market both graphically and algebraically.
5 Set up simple macroeconomic models.
6 Solve quadratic inequalities using graphs or sign diagrams.
7 Determine equilibrium price and quantity given a pair of quadratic demand and supply functions.
8 Find the level of output that maximizes total revenue or profit.
9 Solve problems involving a percentage increase or decrease.
10 Calculate the future/present value of a principal under annual/continuous compounding.
COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES
(Blank : no contribution, 1: least contribution ... 5: highest contribution)
No Program Competencies Cont.
Bachelor in Banking and Finance (3 years) Program
1 The students are gained the ability to look at the problems of daily life from a broader perspective. They gain the needed skills not only to understand economic problems in banking and finance but also to construct a model and defend in meaningful way. 2
2 They have knowledge about the finance and banking. 3
3 They have knowledge about the money and banking. 3
4 They have knowledge about the international finance and banking. 2
5 They have ability to use mathematical and statistical methods in banking and finance. 2
6 They know how to use computer programs in both daily office usage and statistical data evaluations in banking and finance department. 1
7 They have necessary banking and finance skills that needed in private and public sector. 3
8 They are intended to be specialist in one of departmental fields that they choose from the list of general economics, finance economics, public finance, corporate finance, finance management, international finance markets and institutions, banking and central banking, international finance and banking, money and banking, international trade and banking. 2
9 They have ability to utilize fundamental economic theories and tools to solve economic problems in banking and finance. 2
10 They are aware of the fact that banking and finance is a social science and they respect the social perspectives and social values of the society’s ethics. 1
COURSE EVALUATION METHOD
Method Quantity Percentage
Midterm Exam(s)
1
35
Quiz
2
5
Final Exam
1
45
Attendance
10
Total Percent: 100%
ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)
Activities Quantity Duration(Hours) Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours) 16 4 64
Hours for off-the-classroom study (Pre-study, practice) 16 2 32
Mid-terms 1 10 10
Assignments 0
Final examination 1 14 14
Other 5 1 5
Total Work Load:
125
Total Work Load/25(h):
5
ECTS Credit of the Course:
5