Economists need math

Department of Economics

Study phase in the bachelor's program

  • Economics: basic phase
  • Business administration: basic phase, Study area quantitative basics of business administration

Module description

(according to the study regulations for the Bachelor's degree in Economics)

Qualification goals:

The students know the essential mathematical methods that they need in order to understand formalized economic issues in their further studies and to be able to develop independent solutions for related problems. This includes the basic knowledge of linear algebra and analysis as well as their application to economic questions.

Contents:

  • Functions of one and more variables
  • Ordinary and partial derivatives
  • Extreme values ​​of functions with and without constraints
  • Integral calculus
  • Vectors
  • Matrices
  • Determinants
  • Systems of linear equations

literature

The lecture slides are based on the following textbook:

Knut Sydsaeter and Peter Hammond: Mathematics for economists, 3rd, updated edition, Pearson Studies, 2008.

Newer or older editions can of course also be used.

Bridging course

For prospective economics students, the mathematics bridging course is offered before the actual start of the lectures. The aim of the bridging course is to prepare for the compulsory lecture "Mathematics for Economists" in the first semester. Typically, topics from school mathematics are repeated and supplemented here on the basis of the three introductory chapters of the book accompanying the lecture by Sydsaeter and Hammond.

documents