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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) Dr. Valmir Bame vbame@epoka.edu.al
Main Course Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours: M.Sc. Vasil Lino vlino@epoka.edu.al , Monday-Friday 8:30 - 17:30
Second Course Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours: NA
Language: English
Compulsory/Elective: Compulsory
Study program: (the study for which this course is offered) Bachelor in International Marketing and Logistics Management (3 years)
Classroom and Meeting Time:
Teaching Assistant(s) and Office Hours: NA
Code of Ethics: Code of Ethics of EPOKA University
Regulation of EPOKA University "On Student Discipline"
Attendance Requirement:
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.
BASIC CONCEPTS OF THE COURSE
1 Algebraic operations and the graph of the linear function.
2 Algebraic operations and applications on solution of the real economic problems
3 Economic function as a special case of the mathematical linear function
4 Quadratic function, all it's properties and the graphs.
5 Economic functions as a quadratic mathematical function.
6 Powers functions properties and graphs
7 Exponential and logarithmic functions, properties and graphs. Economic applications.
8 Finding the percentages of the numbers and their usage in the economy
9 Interest rates of savings and loans
10 Geometric sequences and series. Applications on banks activity. Evaluation of the projects.
COURSE OUTLINE
Week Topics
1 Introduction to algebra, graphs of linear equations
2 Solution of simultaneous equations. Transposition formula
3 Supply and demand analysis
4 Quadratic functions
5 Revenue cost and profit
6 Indices and logarithms
7 Exponential and natural logarithmic functions
8 Midterm Exam
9 Percentages
10 Compound Interest
11 Geometric series
12 Investments appraisal
13 Exercises
14 Revision
Prerequisite(s): NA
Textbook(s): Ian Jacques, Mathematics for Economics and Business, Pearson ninth edition 2018
Additional Literature: Essential Mathematics for Economic Analysis, Pearson fifth Edition 2016, Knut Sydsaeter, Peter Hammond, Arne Strom &Andres Carvajal,
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 International Marketing and Logistics Management (3 years) Program
1 Identify activities, tasks, and skills in management, marketing, accounting, finance, and economics. 5
2 Apply key theories to practical problems within the global business context. 4
3 Demonstrate ethical, social, and legal responsibilities in organizations. 5
4 Develop an open minded-attitude through continuous learning and team-work. 4
5 Use technology to enable business growth and sustainability. 4
6 Synthesize creativity needed for marketing notion with scientific method and numerical skills, for achieving business sustainability. 4
7 Apply the concepts and structures of modern marketing in global context at private and public sectors. 5
8 Integrate the management of logistics, supply chain and in total operations with corporate goals and strategies. 4
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
CONCLUDING REMARKS BY THE COURSE LECTURER

At the application of this program is important the usage of mathematical rules in the modeling and analyzing of the economic functions. On the focus will be the concept of the mathematical function with all it's properties and graphs applied over economic functions. important elements of these concepts are right implementation of their properties and features to the economic functions.
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