MATHEMATICS FOR BUSINESS AND ECONOMICS

After completion of this course the student will be able to: 1. Calculate a value of determinant and specify it properties. 2. Define a matrix, conduct basic arithmetic operations with matrices and specify their properties. 3. Determine and discuss solutions of system of linear equations and inequalities. 4. Define a vector and arithmetic operations with vectors. 5. Define the function and explain basic concepts of function of one variable, and to draw its graph. 6. Define a derivative of the function of one variable, interpret it economically and geometrically 7.Define and interpret the basic concepts of integral calculus and apply the definite integral to surfaces calculation and to solve economic problems. 8.Define the function of more variable and explain basic concepts, as well as to apply partial derivatives to extreme values determination. 9.Interpret and explain theorems regarding the concepts learned. 10. Applies learned concepts and theorems on economic phenomenon and create a simpler mathematical- economic models including those from the Financial Mathematics.