MET1 Mathematics for Economists
- Functions of one variable: Exponential functions and logarithms, differentiation, convexity, inverse functions, elasticities, implicit differentiation, integration.
- Geometric series, present value computations.
- Functions of several variables: Partial derivatives, differentiation, optimizing with and without constraints.
- The student has insight in functions of one or several variables composed by power functions, rational functions, exponential functions, and logarithmic functions, and is aware of how such functions may appear in economic theory.
- The student understands the concept of differentiation and how this may be applied in discussions and optimisation of functions of one or several variables. This also includes elasticities and implicit differentiation
- The student understands how economic values at different points of time may be compared, and how finite and infinite geometric series may be used to analyse simple cash flows
- The student is familiar with the concept of integration, and how this is related to differentiation
- The student can analyse and discuss functions of one or several variables composed by power functions, rational functions, exponential functions, and logarithmic functions
- The student can solve problems in financial mathematics by using results from finite and infinite geometric series
- The student can solve simple problems in integration
- The student can solve optimization problems with and without side conditions
- The student can apply mathematical tools to discuss problems within the subjects of economics and business
- The student can make precise statements and logical arguments about quantitative relations
- The student can work with economic literature with mathematical content
Lectures, 10 group exercises (2 hours each), two voluntary assignments.
Matematikk R1 or Matematikk S1+S2
Credit reduction due to overlap
Corresponds to MET020
Three multiple choice tests.
4 hour written school exam
A - F
O. Dovland og P. Pettersen: Matematikk for økonomistudenter, 3rd edition, Fagbokforlaget, 2019
Permitted Support Material
One bilingual dictionary (Category I)
All in accordance with Supplementary provisions to the Regulations for Full-time Study Programmes at the Norwegian School of Economics Ch.4 Permitted support material
and https://www.nhh.no/en/for-students/regulations/ https://www.nhh.no/en/for-students/regulations/ https://www.nhh.no/en/for-students/examinations/examination-support-materials/ https://www.nhh.no/en/for-students/examinations/examination-support-materials/
- ECTS Credits
- Teaching language
Autumn. Will be offered Autumn 2023.
Associate Professor Per Manne, Department of Business and Management Science.