ECN102 Introduction to Mathematics for Economists

Credits (ECTS):10

Course responsible:Nils Sanne

Campus / Online:Taught campus Ås

Teaching language:Norsk

Course frequency:Annually

Nominal workload:250 hours

Teaching and exam period:This course has teaching/evaluation in Autumn parallel.

About this course

The course provides a mathematical foundation for studies in economics and business administration. You will learn how to solve linear equations, analyze functions with one and multiple variables with a focus on differentiation, elasticity and curve analysis, as well as solving maximum and minimum problems. In addition, the course covers sequences with applications in financial mathematics.

Learning outcome

Knowledge:

  • The student is capable of analyzing arithmetic and geometric sequences, analyzing the convergence of geometric sequences, and determining the sum of convergent infinite geometric sequences.
  • The student can analyze single-variable functions such as polynomial functions, rational functions, exponential functions, logarithmic functions, and combinations of these.
  • The student is familiar with multi-variable function types (including Cobb-Douglas functions and functions with exponential and logarithmic elements).

Skills:

  • The student can solve problems in finance mathematics, including annuities, loan repayment, savings annuities, and present value.
  • The students master a wide range of algebraic operations, including solving inequalities, equations, and systems of equations.
  • The student can apply basic integral calculus in relation to the function types included in the course.

General competence:

  • The student is capable of applying mathematics and mathematical models in discussing economic issues.
  • The student has a reflective relationship with mathematics' capabilities and limitations as a tool for economics.
  • 2 hours of lecture and 2 hours of seminar instruction per week.

    In week 36 there will be 4 x 4 hours of teaching covering the curriculum from S1+S2 or R1 from high school (recommended prior knowledge).

  • Optional homework assignments will be posted on Canvas, and an open mathematics workshop with student assistants will be offered 4 hours a week.
  • GSK
  • Written exam, 3,5 hours (100%)

    Permitted aids B2: calculator handed out, other aids as specified

  • An external sensor reviews the curruculum, exam and grading.
  • Attend at least 8 out of 12 seminars.

    Mandatory activity must be approved in order to take the exam.

  • 2 hours of lecture and 2 hours of seminar teaching where students participate in random groups per week.

    In week 36 there will be 4 x 4 hours of teaching covering the curriculum from S1+S2 or R1 from high school (recommended prior knowledge).

    There will also be a math lab where students can receive help with homework assignments 4 hours each week.

  • MATH100 Introductory Mathematics - 5 ECTS.
  • Letter grades
  • Minimum requirements for entrance to higher education in Norway (generell studiekompetanse).