Mathematics for Economists

MET1 Mathematics for Economists

Spring 2021

  • Topics

    • Functions of one variable: Differentiation, convexity, elasticities, implicit differentiation, integration.
    • Geometric series, present value computations.
    • Functions of several variables: Partial derivatives, differentiation, optimizing with and without constraints.
    • Linear algebra: Linear systems of equations, inverse matrices, determinants.

  • Learning outcome


    • 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


    • 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 (which are recorded), digital 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

  • Requirements for course approval

    Two multiple tests and one individual assignment.

  • Assessment

    4 hour written school exam


    UPDATED 13 October 2020:

    In the autumn of 2020, the school exam will be converted to a: 4-hour individual home exam at the same time as the originally planned exam.


    Grading Scale: A-F

  • Grading Scale

    A - F

  • Literature

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

    P. Manne: Matematikk for økonomer - Lineær algebra, NHH, 2016 (or later editions)


ECTS Credits
Teaching language

Autumn. Offered Autumn 2020.

Written school exam is offered both semesters (according to Regulations for Full-time Study Programmes at the Norwegian School of Economics (NHH), section 3-1).


UPDATED 13 October 2020: The assessment form was revised due to the ongoing corona pandemic. See assessment section for details.

Course responsible

Associate Professor Per Manne, Department of Business and Management Science.