The goal of this course is to teach students the mathematical skills they need in order to deal with basic and more advance problems of economics. The course provides an introduction to the mathematical concepts and methods used in economics and covers material from calculus, matrix algebra and optimization theory. Besides the theory, several applications are developed for many different branches of economics and finance.
Upon successful completion of the course students will be able to:
use the knowledge of mathematical analysis to create and use models on financial and investment issues.
They will also be able to research and further deepen to applied mathematics in the economic sciences, as well as be able to apply mathematical results, and with the use of computers, to find solutions to economic and financial issues.
General Competences
Autonomous work
Team work
Work in inter-scientific environment
Adjustment in new conditions
3. Syllabus
First section
Linear Algebra
Calculations with matrices
Systems of linear equations and inverting matrices
Inner product
Transposition and quadratic forms
Second section
Functions with several variables
Partial derivatives
Implicit differentiation
Optimization with several variables
Optimization with constrains
Third section
Differential equations
Linear equations with constant coefficients
Second order ordinary and partial differential equations
4. Teaching and Learning Methods - Evaluation
Delivery
Face-to-face teaching
Use of Information and Communications Technology
E-class platform support
Teaching Methods
Activity
Semester Workload
Lectures
52
Independent Study
135,5
Course Total
187,5
Student Performance Evaluation
Writing exams (100%) that refers to the theoretical questions and exercises on the material developed in the class.
5. Attached Bibliography
Suggested Bibliography
“Mathematics for Economists: An Introductory Textbook”, M. Pemberton and N. Rau.