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ECN102 Introduction to Mathematics for Economists

Credits (ECTS):10

Course responsible:Erlend Dancke Sandorf

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.
  • Learning activities
    2 hours of lectur, 2 hours of seminar instruction per week, drop-in "math labs"
  • Teaching support
    Lectures, seminars, drop-in "math labs"
  • Prerequisites
    GSK
  • Recommended prerequisites
    Good knowledge of mathematics, equivalent to S1+S2 or R1 from high school, is recommended.
  • Assessment method

    Portfolio assessment. The portfolio comprises 4 exams conducted in WISEFlow on Campus. Final grade is based on a weighted sum of each exam. There is no opportunity for a re-examination.

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



    Portfolio

    Grading: Letter grades

  • Examiner scheme
    An external sensor reviews the curruculum, exam and grading.
  • Mandatory activity
    Mandatory attendance until the first exam. 7 of 9 mandatory assignments must be passed. Mandatory activities are only valid for the current term
  • Teaching hours
    2 hours of lecture and 2 hours of seminar per week. There will also be a drop in "math lab".
  • Reduction of credits
    MATH100 Introductory Mathematics - 5 ECTS.
  • Admission requirements
    Minimum requirements for entrance to higher education in Norway (generell studiekompetanse).