|
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. Mikaela Süslü msuslu@epoka.edu.al
, Tuesdays, Wednesdays, 13:00-13:20
|
|
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 Business Administration (3 years)
|
| Classroom and Meeting Time: |
E-211, Tuesdays, Wednesdays, 9:00-12:50
|
| 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: |
60% Theory, 75% Practice
|
| 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 |
Linear Equations
|
| 2 |
Demand and Supply
|
| 3 |
National Income
|
| 4 |
Quadratic Functions
|
| 5 |
Non-linear equation
|
| 6 |
Revenue, cost, profit
|
| 7 |
Indices and logarithms
|
| 8 |
Compound Interest
|
| 9 |
Geometric Series
|
| Week |
Topics |
| 1 |
Linear Equations: Introduction to algebra, Negative numbers, Expressions, Brackets. Book: Jan Jacque: Mathematics for Economics and Business. Tenth edition 2023. Chapter 1, section 1.1, pages 7-22. |
| 2 |
Linear Equations: Further algebra: Fractions, Equations, Inequalities. Book: Jan Jacque: Mathematics for Economics and Business. Tenth edition 2023. Chapter 1, section 1.2, pages 24-40. |
| 3 |
Linear Equations: Graphs of linear equations. Book: Jan Jacque: Mathematics for Economics and Business. Tenth edition 2023. Chapter 1, section 1.3, pages 42-54 |
| 4 |
Linear Equations: Algebraic solution of simultaneous linear equations. Book: Jan Jacque: Mathematics for Economics and Business. Tenth edition 2023. Chapter 1, section 1.4, pages 55-66 |
| 5 |
Linear Equations: Supply and demand analysis. Book: Jan Jacque: Mathematics for Economics and Business. Tenth edition 2023. Chapter 1, section 1.5, pages 67-82. |
| 6 |
Linear Equations: Transposition of formulae. Book: Jan Jacque: Mathematics for Economics and Business. Tenth edition 2023. Chapter 1, section 1.6, pages 84-92. |
| 7 |
Linear Equations: National income determination. Book: Jan Jacque: Mathematics for Economics and Business. Tenth edition 2023. Chapter 1, section 1.7, pages 93-106 |
| 8 |
Non-linear equations: Quadratic functions. Book: Jan Jacque: Mathematics for Economics and Business. Tenth edition 2023. Chapter 2, section 2.1, pages 123-140. |
| 9 |
Non-linear equations: Revenue, cost and profit. Book: Jan Jacque: Mathematics for Economics and Business. Tenth edition 2023. Chapter 2, section 2.2, pages 142-151. |
| 10 |
Non-linear equations: Indices and logarithms. Book: Jan Jacque: Mathematics for Economics and Business. Tenth edition 2023. Chapter 2, section 2.3, pages 153-172. |
| 11 |
Non-linear equations: Exponential and natural logarithm functions and their applications on finance for calculating savings and loans. Book: Jan Jacque: Mathematics for Economics and Business. Tenth edition 2023. Chapter 2, section 2.4, pages 175-186. |
| 12 |
Mathematics of Finance: Percentages. Study percentages for its applications on sales and on index number, useful on the presentation of the economic data. Book: Jan Jacque: Mathematics for Economics and Business. Tenth edition 2023. Chapter 3, section 3.1, pages 204-219. |
| 13 |
Mathematics of Finance: Compound Interest. Learn about the interest rates used on the banking system and in finance. Study in details present and future values in compound and continuous compound interests. Calculations of monthly payments of the loans and annuity. Book: Jan Jacque: Mathematics for Economics and Business. Tenth edition 2023. Chapter 3, section 3.2, pages 222-234. |
| 14 |
Mathematics of Finance: Geometric series. Application on loans and savings on a long period of time. Learn to solve exercises from real banks activity, mainly for loans and savings. Book: Jan Jacque: Mathematics for Economics and Business. Tenth edition 2023. Chapter 3 section 3.3, pages 236-235. |
| 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. |
| No |
Program Competencies |
Cont. |
| Bachelor in Business Administration (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 |
Analyze data to make effective decisions. |
5 |
