Differential equations and business mathematics (3cr)

Objective

Upon completion of the course, students will be competent in solving simple differential equations and calculating compound interest, loans and investments. They will be capable of utilising calculation tools and the above-mentioned calculation methods in their Professional Studies and working world.

Content

- Concept of differential equation
- Separate differential equations
- First- and second-order linear differential equations
- Value added tax
- Compound interest
- Loans
- Investment calculations

Qualifications

Algebra and Trigonometry
Differential and Integral Calculus

Assessment criteria, satisfactory (1)

excellent (5): student understands and is able to apply the methods of differential equations and mathematical economics excellently
good (3-4): student understands and is able to apply the methods of differential equations and mathematical economics well
satisfactory (1-2): students understands the basics of differential equations and mathematical economics

Materials

To be announced at the beginning of the course.

Teaching methods

- Lectures and exercises: 48 h
- Independent study