Applied Microeconomics and Mathematics in Business (SBUEK_178)
The course aims to provide an idea of what the economy and the economist are and to impart knowledge of the methods of higher mathematics related to solving various problems of economic nature. To form a notion of the possibilities for mathematical modelling and analysis of economic and business management situations. There will be an opportunity to calculate limited business resources and take decisions in market economy conditions. A closer understanding of the fundamentals of the welfare economy and their role for sustainable growth will lead to better understanding of the role of public administration in economic processes.
Seconary education and interest in subjects like Basic Economics and Elementary Mathematics.
Upon completion of study course students will have acquired knowledge of higher mathematics.
They will have gained an in-depth understanding of the price theory, in-depth computation of price in different markets.
Hands on exercises develop students' ability to use the price theory in everyday practice and facilitate critical thinking in decision-making process. Summaries enhance students’ writing skills and provide an opportunity to work with various information sources.
Students will be able to create and solve linear equation systems, work with matrices, study functions and solve problems in financial mathematics.
The ability to define, plan, calculate and graphically visualise resources from the price theory perspective, including market construction.
Students will be able to classify clusters, perform economic interpretation of matrices, explain function research algorithm and define concepts of financial mathematics.
Study course planning
|Study programme||Study semester||Program level||Study course category||Lecturers||Schedule|
|International Business and Start-up Entrepreneurship, IBSEeng||1||Bachelor’s||Required||Dace Kalsone, Irina Možajeva|