Business Management FT
Apply Icon
Apply
now

Business Mathematics

level of course unit

Bachelor

Learning outcomes of course unit

The students
• Can graphically display and interpret linear and special functions.
• Can transform mathematical formulas.
• Can derive mathematical functions and solve extreme value problems.
• Can calculate simple interest and compound interest.
• Understand the concepts of capital value and NPV.
• Can calculate annuities of long-term financing and create a repayment schedule.

prerequisites and co-requisites

none

course contents

Part A: Linear Algebra:
• Images or functions with one or more variables
• Forming and solving formulas and equations
• Linear equations incl. graphical representation
• Special mathematical functions (exponential function, logarithm etc.)

Part B: Analysis
• Differential calculus (simple and partial)
• Extreme value tasks (determination of minima and maxima, turning and saddle points)

Part C: Interest calculation:
• Introduction to interest calculations (simple interest, compound interest, accumu-lation and discounting)
• Introduction to the concept of present value and the capital value method
• Calculation of annuities and creation of a repayment plan

recommended or required reading

de Longueville, M. (2018). Wirtschaftsmathematik einfach erklärt: Eine kurze Einführung in die notwendigen Grundlagen. Wiesbaden: Springer Verlag.
Hettich, G., Jüttler, H., & Luderer, B. (2019). Mathematik für Wirtschaftswissenschaftler und Finanzmathematik. München: Oldenbourg Verlag.
Kamps, U., Cramer, E., & Oltmanns, H. (2019). Wirtschaftsmathematik: Einführendes Lehr- und Arbeitsbuch. München: Walter de Gruyter.
Langenbahn, C.-M. (2018). Quantitative Methoden der Wirtschaftswissenschaften: Verstehen durch Aufgaben und Lösungen. München: Walter de Gruyter.
Shikham, V. (2019). Mathematik für Wirtschaftswissenschaftler: In 60 fachübergreifenden Vorlesungen präsentiert. Wiesbaden: Springer Verlag.

assessment methods and criteria

Final exam

language of instruction

German

number of ECTS credits allocated

1

course-hours-per-week (chw)

1

planned learning activities and teaching methods

50 % of the event is covered by eLearning. A combination between online phases (inductive method for the independent acquisition of knowledge and the practice of tasks) and presence phases (deductive method, in which assistance is given in the learning process and knowledge is imparted via frontal lectures) is used.

semester/trimester when the course unit is delivered

1

name of lecturer(s)

English version will be available soon

recommended optional program components

none

course unit code

FIN 1

type of course unit

integrated lecture

mode of delivery

Compulsory

work placement(s)

not applicable