MET1 Mathematics for Economists

• Topics

  • Functions of one variable: Exponential functions and logarithms, differentiation, convexity, elasticities, implicit differentiation, integration.
  • Geometric series, present value computations.
  • Functions of several variables: Partial derivatives, differentiation, optimizing with and without constraints.

• Learning outcome

  Knowledge

  • The student masters fundamental concepts and methods in mathematics with a view towards applications in economic and administrative subjects
  • The student is familiar with some standard models for economic situations, in particular in connection with optimization problems

  Skills

  • The student is able to define simple mathematical models and to treat them analytically and numerically

  General competencies

  • The student is capable of reading and acquiring economic theory with a certain mathematical level and content

• Teaching

  Lectures, 10 group exercises (2 hours each), one mandatory and one voluntary assignment.

• Required prerequisites

  Matematikk R1 or Matematikk S1+S2 or equivalent.

• Credit reduction due to overlap

  Corresponds to MET020

• Compulsory Activity

  Two multiple choice tests and one individual assignment.

• Assessment

  4 hour written school exam

• Grading Scale

  A - F

• Literature

  O. Dovland og P. Pettersen: Matematikk for økonomistudenter, 3rd edition, Fagbokforlaget, 2019