ECN102 Introduction to Mathematics for Economists

Knowledge:

• Has knowledge of fundamental mathematical concepts, mathematical function analysis, and mathematical modeling.
• Has knowledge of how mathematics can be used to solve economic problems in business administration, finance, and economics.
• Is familiar with types of functions with multiple variables (including Cobb-Douglas functions and functions with exponential and logarithmic elements).

Skills:

• Masters a wide range of algebraic operations, including solving inequalities, equations, and systems of equations.
• Can solve problems in financial mathematics, including annuities, loan repayment, savings annuities, and present value.
• Can analyze arithmetic and geometric series, analyze the convergence of geometric series, and determine the sum of convergent infinite geometric series.
• Can analyze single-variable functions such as polynomial functions, rational functions, exponential functions, logarithmic functions, and combinations of these.
• Can apply basic integral calculus related to the types of functions covered in the subject.

General Competence:

• The student is capable of applying mathematics and mathematical models in discussing economic issues.
• The student has a reflective understanding of the possibilities and limitations of mathematics as a tool for economic studies.