EBA 0910 Mathematics for Business Analytics

EBA 0910 Mathematics for Business Analytics

Course code: 
EBA 0910
Course coordinator: 
Eivind Eriksen
Product category: 
Bachelor - Core Courses
2020 Spring
Active status: 
Teaching language: 
Course type: 
One semester

This is a basic course in mathematics. The course is a compulsory part of the Bachelor of Science in Business Analytics. The course will be taught during the first year over two semesters. It consists of an introductory part in the autumn semester, and an advanced part in the autumn and spring semester.

Please note!

Due to the Corona situation, BI Norwegian Business School has decided that the exam in this course will be changed in the spring of 2020. The course this spring will be evaluated with a home exam which counts 100%. This will be assessed as pass / fail. No one will get a letter grade.

All students who have registered for the exam in this course in spring 2020 will be registered for this new course and exam code. This also applies to re-sit students.

Re-sit students who prefer to re-sit for the original exam codes, will be able to do so in the fall of 2020, provided the Corona situation is under control. The spring exam will not count as an exam attempt, and will also be free of charge for students. No continuation exam will be offered for this spring's home exam.

Learning outcomes - Knowledge

After completing the course, the student will have;

  • Acuired a broad understanding of concepts, methods and theories in matematics.
  • A broad knowledge of algebra, functions in one or several variables, financial mathematics, derivation and integration, and linear algebra.
  • Specialized knowledge of how mathematical models and methods can be used in economics and finance.
Learning outcomes - Skills

After completing the course, the student will be able to:

  • Analyze quantituative problems using mathematical concepts, and be able to use mathematical methods to solve these problems.
  • Assess solution strategies, and be able to carry out the necessary computations correctly and precisely.
  • Give mathematical arguments to justify his conclusions, and be able to give written answers that explains the method used and the obtained results to the reader.
  • See connections between mathematics and other subjects, especially economics and finance.
General Competence

After completing the course, the student will be able to reflect upon central assumptions for the models and theories used. The student will be able to reflect upon the results obtained, and critically assess if they are reasonable.

Course content
  • Elementary algebra
  • Mathematics of finance and series
  • Functions and graphs
  • Exponential and logarithmic functions
  • Derivation with applications
  • Integration with applications
  • Linear algebra and matrix algebra
  • Functions of several variables
  • Optimization in several variables
Teaching and learning activities

The course is lectured over one year and consists of an introductory part (36 hours) and an advanced part (48 hours).  

For each week, there will be a work program consisting of a problem set and reading assignments. The student must learn the material presented in the reading assignments and work through the problem set. Some of the problems will be reviewed in plenary sessions. 

By allocating some time in class to short assignment related to new topics, students will be activated and learning objectives achieved.

Wolfram Alpha is used in lecture to illustrate taught material. Problem sets will include problems the students should solve using python. 

Software tools
Software defined under the section "Teaching and learning activities".
Additional information



Higher Education Entrance Qualification.

Required prerequisite knowledge

Basic knowledge of mathematics equivalent to the admission requirement for the programme.

Exam categoryWeightInvigilationDurationGroupingComment exam
Exam category:
Form of assessment:
Written submission
Exam code:
Grading scale:
Grading rules:
Internal and external examiner
100No7 Hour(s)Individual Midterm exam in the autumn.
Exam category:Submission
Form of assessment:Written submission
Grouping (size):Individual
Duration:7 Hour(s)
Comment:Midterm exam in the autumn.
Exam code:EBA09101
Grading scale:Pass/fail
Type of Assessment: 
Ordinary examination
Total weight: 
Student workload
Teaching on Campus
36 Hour(s)
Introductory part of the course
Prepare for teaching
8 Hour(s)
Introductory part of the course
Group work / Assignments
16 Hour(s)
Introductory part of the course
Teaching on Campus
48 Hour(s)
Prepare for teaching
33 Hour(s)
Group work / Assignments
112 Hour(s)
7 Hour(s)
Sum workload: 

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 7,5 ECTS credit corresponds to a workload of at least 200 hours.