MATEMATIKA ZA BIZNIS

After completion of this course the student will be able to: 1. Define economic function, calculate the equilibrium price and determine the profitability interval. 2. Define simple and complex proportion, division of given value, weighted average and apply the percentages to solve business mathematics tasks. 3. Describe the anticipative and decursive method of interest calculation, nominal, relative and effective interest rate and apply these concepts in determining the price of instruments in the money market. 4. Find an annuity and to make a plan of repayment of consumer and investment loans. 5. Apply the equivalence principle and the methods of discounting and prolongation in testing the profitability of investments, as well as in evaluation of long-term bonds and shares. 6. Calculate the discount factor in insurance-technical sense, define biometric functions and applied financial mathematics and probability to solve simple actuarial mathematics tasks. 7. Describe the type of life insurance and to calculate the net and gross premium for each of them.