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MATHEMATICS APPLIED IN ECONOMICS

Course Code: MK 112 • Study year: I • Academic Year: 2019-2020
Domain: Marketing • Field of study: Marketing
Type of course: Compulsory
Language of instruction: Romanian
Erasmus Language of instruction: English
Name of lecturer: Pax Dorin Wainberg-Drăghiciu
Seminar tutor: Pax Dorin Wainberg-Drăghiciu
Form of education Full-time
Form of instruction: Class
Number of teaching hours per semester: 56
Number of teaching hours per week: 4
Semester: Autumn
Form of receiving a credit for a course: Grade
Number of ECTS credits allocated 6

Course aims:

This course is designed to introduce students to various topics in mathematics and uncertainty that they will encounter in economics sciences
In this course, the students will learn the basic terminology and concepts of applied mathematics in economics.
Mathematics is increasingly important in terms of the expression and communication of ideas in economics
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Course Entry Requirements:

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Course contents:

Chapter 1. Linear Programming Chapter 2. Elements of financial mathematics

Teaching methods:

Lecture, conversation, exemplification

Learning outcomes:

Modelling and solving some medium complexity level problems, using the mathematical and computer sciences knoweledges

Learning outcomes verification and assessment criteria:

Written paper 50%; mid-term test 30%; seminar activities 20%.

Recommended reading:

• Dixit, A.K., Optimization in economics theory, Oxford University Press, 1990
• Simon, C.P., Blume, L., Mathematics for economists, W.W Norton, 1994
• Carter, M., Mathematical Economics, MIT, Cambridge, 2001
• Nering, E. D., Tucker, A. W., Linear Programs and Related Problems, Academic Press, Boston, 1993
• Nash, S. and Sofer, A., Linear and Nonlinear Programming, McGraw-Hill, New York, 1996