 Mathematics for Management

05-303  Mathematics for Management

first cycle professional higher education study programme Management

Course Supervisor: Lecturer Matevž Malej

Content

Course purpose

• The basic objective is to introduce the basic mathematical methods of analysis to students and to prepare them to independently perform basic mathematical analysis in management.

Content (Syllabus outline)

• Mathematics for management - why?
• Sets, operations between sets and sets of numbers, rules of calculation in real numbers.
• Elementary and some other important functions in the economic theory, their properties and graphs (linear and quadratic functions, polynomials, rational functions, exponential functions, logarithmic functions).
• Derivative of a function and its use.
• Ratios and cross-multiplication.
• Sequences: basic properties, arithmetic and geometric progression.
• Series, geometric series.
• Matrices, operations between them,  equation solving and equation use in the economic problems.
• Basic terms of financial mathematics.
• Simple interest.
• Compound interest.
• Examples from the financial mathematics (applications, annuities, credits...).