EBA 2910 Mathematics for Business Analytics

EBA 2910 Mathematics for Business Analytics

Course code: 
EBA 2910
Department: 
Economics
Credits: 
7.5
Course coordinator: 
Eivind Eriksen
Product category: 
Bachelor
Portfolio: 
Bachelor - Core Courses
Semester: 
2019 Autumn
Active status: 
Active
Teaching language: 
English
Course type: 
Associate course
Course codes for multi- or associated courses.
EBA 2911 - høstsemester
EBA 2912 - vårsemester
Introduction

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.

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

.

Required prerequisite knowledge

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

Exam categoryWeightInvigilationDurationSupport materialsGroupingComment exam
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
EBA29101
Grading scale:
Pass/fail
Grading rules:
Internal examiner
Resit:
Examination every semester
0No1 Week(s)Individual Midterm exam in the autumn.
Exam category:
Submission
Form of assessment:
Structured test
Exam code:
EBA29102
Grading scale:
ECTS
Grading rules:
Internal examiner
Resit:
Examination every semester
20Yes3 Hour(s)
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
Individual Multiple Choice exam at the end of autumn term.
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
EBA29103
Grading scale:
Pass/fail
Grading rules:
Internal examiner
Resit:
Examination every semester
0No1 Week(s)Individual Midterm exam in the spring.
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
EBA29104
Grading scale:
ECTS
Grading rules:
Internal and external examiner
Resit:
Examination every semester
80Yes5 Hour(s)
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
Individual
Exams:
Exam category:Submission
Form of assessment:Written submission
Weight:0
Invigilation:No
Grouping (size):Individual
Support materials:
Duration:1 Week(s)
Comment:Midterm exam in the autumn.
Exam code: EBA29101
Grading scale:Pass/fail
Resit:Examination every semester
Exam category:Submission
Form of assessment:Structured test
Weight:20
Invigilation:Yes
Grouping (size):Individual
Support materials:
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
Duration:3 Hour(s)
Comment:Multiple Choice exam at the end of autumn term.
Exam code: EBA29102
Grading scale:ECTS
Resit:Examination every semester
Exam category:Submission
Form of assessment:Written submission
Weight:0
Invigilation:No
Grouping (size):Individual
Support materials:
Duration:1 Week(s)
Comment:Midterm exam in the spring.
Exam code: EBA29103
Grading scale:Pass/fail
Resit:Examination every semester
Exam category:Submission
Form of assessment:Written submission
Weight:80
Invigilation:Yes
Grouping (size):Individual
Support materials:
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
Duration:5 Hour(s)
Comment:
Exam code: EBA29104
Grading scale:ECTS
Resit:Examination every semester
Type of Assessment: 
Ordinary examination
Total weight: 
100
Workload activityDurationType of durationComment student effort
Teaching36Hour(s) Introductory part of the course
Prepare for teaching8Hour(s) Introductory part of the course
Group work / Assignments16Hour(s) Introductory part of the course
Teaching48Hour(s)
Prepare for teaching32Hour(s)
Group work / Assignments112Hour(s)
Examination8Hour(s)
Expected student effort:
Workload activity:Teaching
Duration:36 Hour(s)
Comment: Introductory part of the course
Workload activity:Prepare for teaching
Duration:8 Hour(s)
Comment: Introductory part of the course
Workload activity:Group work / Assignments
Duration:16 Hour(s)
Comment: Introductory part of the course
Workload activity:Teaching
Duration:48 Hour(s)
Comment:
Workload activity:Prepare for teaching
Duration:32 Hour(s)
Comment:
Workload activity:Group work / Assignments
Duration:112 Hour(s)
Comment:
Workload activity:Examination
Duration:8 Hour(s)
Comment:
Sum workload: 
260

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.