Programme Outlines and Overviews

The course provides an introduction to mathematical methods for economic analysis, e.g., - equations and systems of equations - functions (e.g., linear functions, non-linear functions, exponential functions, logarithmic functions) and their properties - differentiation and integration - optimization - probability theory **Connection to Research and Practice** Mathematics is the common language to communicate scientific results in business administration and economics. Mathematical methods that are discussed in the course will enable students to read articles that are published in leading scientific journals – including theoretical studies in entrepreneurship, ownership, and renewal. By enabling students to access knowledge in academic journals, the course content aids students’ abilities to enhance their own learning experience. The course demonstrates, moreover, how to apply mathematical tools to describe and explain a variety of real-world decisions in business administration and economics (e.g., production decisions, optimal taxation). Analytical skills obtained in the course are also core competencies in many business environments.