Mathematics for Business
Objectives of the course program (competencies):
The main objective of the course is to provide students with basic mathematical knowledge, which is necessary for probability theory and statistics for business.
Content of the course program:
Review of algebra. Real number system. Polynomials. Factoring. Fractions.
Exponents and radicals. Equations. Mathematical functions. Functions. Types of functions. Graphical presentation of functions. Linear functions. Linear equations. Systems of linear equations. Introduction to permutations and combinations. Nonlinear functions. Differentiation. Optimization: Methodology and applications.
Exponential and logarithmic functions. Optimization: Functions with several variables. Calculating integrals: introduction. Calculating integrals: application.
Financial mathematics. Interest and its calculation. Calculating payments.
Annuities and their future value. Annuities and their present value. Cost – Benefit analysis.
Learning methods: Case study method, discussion
