This course provides students with the fundamental mathematical tools required for business analysis and decision-making. It covers financial mathematics and key concepts of differential and integral calculus applied to real-world business contexts. Students will learn to work with functions, continuity, limits, derivatives, and definite and indefinite integrals, applying these concepts to solve classical exercises and practical cases relevant to business environments.
It assumes only a basic knowledge of mathematical analysis and will build slowly from elementary topics to an introduction to calculus and the more complex methods used in more advanced studies.
This course aims to help you:
- Review fundamental mathematical concepts.
- Practice numerical operations and estimation techniques.
- Understand the essential role mathematics plays in business contexts.
- Develop mathematical reflexes for solving economic and financial problems.
1. Basic concept review
2. Linear equations – System of linear Equations – Supply and Demand
Linear Programming
3. Quadratic functions – Cost, Revenue and Profit functions
4. Differentiation – Marginal functions and Elasticity
5. Optimization of economic functions
6. Integration – Consumer and Producer Surplus
7. Indices and logarithms
8. Mathematics of finance
9. Matrices – Markov Chain
Weekly teaching will consist of two 100-minute lecture sessions. Throughout the course, different types of sessions will be combined.
Most sessions will focus on developing a solid understanding of the fundamental concepts and applying this knowledge to practical situations. Each session will typically be divided into two parts: the first part, during which the instructor presents key concepts and illustrates them with practical examples, and the second part, during which students work on exercises to consolidate their understanding.
Other sessions may be dedicated to individual assessment through written tests or to review activities in preparation for exams.
Each topic will have the following materials available:
Elements | Methodology |
|
Math review | Lecture | MD0 - MD7 |
Examples problems | Lecture | MD1 |
Individual Practice problems | Problem solving – Individual Learning | MD5 |
Exams Rehearsal (without solution) | Problem solving – Self Evaluation | MD5 - MD9 |
In Class Quizzes | Problem solving | MD5 - MD9 |
Laptops may be used during the course, but only for course-related note-taking, use of mathematical tools, and research. Students who are unable to actively participate at any time during class will be encouraged to leave the classroom and take the necessary time to address their personal matters elsewhere.
Students may have the opportunity to participate in an interdisciplinary collaborative project with BIDA students, applying mathematical concepts to authentic business problems.
To pass the subject, the overall grade must be greater than 5
Continuous assessment has the following evaluation structure:
Evaluation type | Weight | Content | Activity type |
Midterm Exam | 35% | First part of subjects | Highly significant |
Final Exam | 35% | Second part Subjects | Highly significant |
Continuous Evaluation - Quizzes | 30% | Weekly content | Highly significant
|
The evaluation criteria apply to all the students, even retakers.
Problem setup 40%
Solution development 25%
Result 25%
Interpretation 10%
Ian Jacques, Mathematics for Economics and Business. Pearson Education, 9th edition, 2009.
Ian Jacques, Mathematics for Economics and Business. Pearson Education, 9th edition, 2009.