151-0004/02 – Mathematics for economists (MPE)

Gurantor departmentDepartment of Mathematical Methods in EconomicsCredits6
Subject guarantorMgr. Marian Genčev, Ph.D.Subject version guarantorMgr. Marian Genčev, Ph.D.
Study levelundergraduate or graduateRequirementCompulsory
Year1Semesterwinter
Study languageEnglish
Year of introduction2024/2025Year of cancellation
Intended for the facultiesEKFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
GEN02 Mgr. Marian Genčev, Ph.D.
SOB33 RNDr. Simona Pulcerová, Ph.D., MBA
RUC05 RNDr. Pavel Rucki, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Graded credit 2+2

Subject aims expressed by acquired skills and competences

• Student will master basic techniques of using real matrices, including basic matrix operations and calculating the determinant of a matrix. • Student will be able to apply matrices as an effective tool for solving systems of linear equations. • Student will be able to model the dependencies of real quantitative processes using real functions. • Student will determine the domain of a function and the graph of elementary functions. • Student will calculate the derivative of a function and apply it to solve optimization problems and investigate properties of real functions. • Student can extend previous knowledge to real functions of two variables. • Student will learn techniques for finding local extrema of functions of two variables, contours of a function, and be able to decide on their homogeneity. • Student will be able to use the basic rules and formulas for calculating indefinite and definite integrals and apply them to calculating the area of plane figures. • The student will acquire basic applications of mathematics in economics.

Teaching methods

Lectures
Individual consultations
Tutorials

Summary

The course extends the high school mathematics knowledge of real functions with the help of mathematical analysis and focuses on the acquisition of mathematical methods in linear algebra including applications of mathematics. One of its goals is to emphasize rational thinking and the ability to process quantitative information about the world around us.

Compulsory literature:

TAN, Soo Tang. Single variable calculus: early transcendentals. International ed. Belmont: Brooks/Cole Cengage Learning, 2011. ISBN 978-1-4390-4600-5. KLŮFA, Jindřich and Nikola KASPŘÍKOVÁ. Mathematics for economic universities. Praha: Ekopress, 2013. ISBN 978-80-87865-01-9. BERGIN, James. Mathematics for Economists with Applications. 1st ed. London: Routledge, 2015. ISBN 978-13-15819-53-2.

Recommended literature:

BARNET, Raymond et al. College Mathematics for Business, Economics, Life Sciences, and Social Sciences. 14 th ed. London: Pearson, 2019. ISBN 978-1292270494. PEMBERTON, Malcolm and Nicholas RAU. Mathematics for economists. 5th ed. Manchester: Manchester University Press, 2023. ISBN 978-15-26173-53-9. ROSSER, Mike and Piotr LIS. Basic Mathematics for Economists. 3rd ed. London: Routledge, 2016. ISBN 978-04-15485-91-3.

Way of continuous check of knowledge in the course of semester

Credit requirements: 1. Passing the credit test (succes rate - at least 50%). 2. Active participation at seminars - at most one unexcused absence. 3. Familiarity with lecture topics and ability to solve assigned problems.

E-learning

MS Teams, lms.vsb.cz

Other requirements

Credit requirements: 1. Passing the credit test (succes rate - at least 50%). 2. Active participation at seminars - at most one unexcused absence. 3. Familiarity with lecture topics and ability to solve assigned problems.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Linear algebra - basic matrix operations, second- and third-order determinants. 2. Matrix invesrsion, specific matrix equations. 3. Systems of linear equations, Gaussian elimination. 4. Function of a single real variable - domain, elementary functions. 5. Graph of a function, inverse functions. 6. Limits of functions. 7. Derivative of a function, geometrical meaning. 8. Higher order derivatives, monotonoic functions, local and global extremes of a function. 9. Convex and concave functions, points of inflection. 10. Function of two real variables - domain, graph, level curves, homogenous functions. 11. Partial derivatives, tangent plane, local extremes, constrained extremes (substitution technique). 12. Integral calculus - basic rules and formulas for indefinite integrals, method of substitution. 13. Areas of regions bounded by continuous curves.

Conditions for subject completion

Full-time form (validity from: 2024/2025 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of pointsMax. počet pokusů
Graded credit Graded credit 100 (100) 51 3
        Credit test Written test 100  51 2
Mandatory attendence participation: At most one unexcused absence at seminars.

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Conditions for subject completion and attendance at the exercises within ISP: Attendance at seminars is voluntary, the remaining conditions remain unchanged.

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Occurrence in study plans

Academic yearProgrammeBranch/spec.Spec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2024/2025 (B0412EKF015) Financial and Accounting Advisory P English Ostrava 1 Compulsory study plan
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2024/2025 (B0413A050012) Economics and Management (S03) Management P Czech Ostrava 1 Compulsory study plan
2024/2025 (B0412A050005) Finance P Czech Ostrava 1 Compulsory study plan
2024/2025 (B0412A050006) Finance P English Ostrava 1 Compulsory study plan
2024/2025 (B0413A050047) Business Administration P English Ostrava 1 Compulsory study plan
2024/2025 (B0311A050005) Applied Economics (S02) International Economic Relations P English Ostrava 1 Compulsory study plan
2024/2025 (B0311A050005) Applied Economics (S01) Economic Development P English Ostrava 1 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner

Assessment of instruction

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