MET 1180 Mathematics

MET 1180 Mathematics

Course code: 
MET 1180
Department: 
Economics
Credits: 
7.5
Course coordinator: 
Eivind Eriksen
Course name in Norwegian: 
Matematikk for siviløkonomer
Product category: 
Bachelor
Portfolio: 
Bachelor of Science in Business and Economics - Programme Courses
Semester: 
2021 Autumn
Active status: 
Active
Level of study: 
Bachelor
Teaching language: 
Norwegian
Course type: 
Associate course
Course codes for multi- or associated courses.
MET 1181
MET 1182
Introduction

This is a basic course in mathematics. The course is a compulsory part of the Bachelor of Science in Business. 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 rest of the autumn semester and the spring semester.

Learning outcomes - Knowledge

After completing the course, the student will have broad understanding of concepts, methods and theories in mathematics. The student will have broad knowledge of algebra, functions in one or several variables, financial mathematics, derivation and integration, and linear algebra, and specialized knowledge of how mathematical models and methods can be used in economics.

Learning outcomes - Skills

After completing the course, the student will be able to analyze quantitative problems using mathematical concepts, and be able to use mathematical methods to solve these problems. The student will be able to assess solution strategies, and be able to carry out the necessary computations correctly and precisely. The student will be able to 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. The student will be able to see connections between mathematics and other subjects, especially economics.

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 exercises and reading assignments. The student must learn the material presented in the reading assignments and work through the exercises. Some of the exercises will be reviewed in plenary sessions. It is assumed that the student has worked on the exercise in order to take full advantage of the review. 

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.

Software tools
No specified computer-based tools are required.
Qualifications

Higher Education Entrance Qualification

Covid-19

Due to the Covid-19 pandemic, there may be deviations in teaching and learning activities as well as exams, compared with what is described in this course description.

Teaching

Information about what is taught on campus and other digital forms will be presented with the lecture plan before the start of the course each semester.

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:
MET 11804
Grading scale:
Pass/fail
Grading rules:
Internal examiner
Resit:
Examination every semester
0No1 Week(s)Individual
Exam category:
Submission
Form of assessment:
Structured test
Exam code:
MET 11805
Grading scale:
ECTS
Grading rules:
Internal examiner
Resit:
Examination every semester
20Yes3 Hour(s)
  • BI-approved exam calculator
  • Simple calculator
Individual
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
MET 11806
Grading scale:
Pass/fail
Grading rules:
Internal examiner
Resit:
Examination every semester
0No1 Week(s)Individual
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
MET 11807
Grading scale:
ECTS
Grading rules:
Internal and external examiner
Resit:
Examination every semester
80Yes5 Hour(s)
  • BI-approved exam calculator
  • Simple calculator
Individual
Exams:
Exam category:Submission
Form of assessment:Written submission
Weight:0
Invigilation:No
Grouping (size):Individual
Support materials:
Duration:1 Week(s)
Comment:
Exam code: MET 11804
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
Duration:3 Hour(s)
Comment:
Exam code: MET 11805
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:
Exam code: MET 11806
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
Duration:5 Hour(s)
Comment:
Exam code: MET 11807
Grading scale:ECTS
Resit:Examination every semester
Type of Assessment: 
Ordinary examination
Total weight: 
100
Student workload
ActivityDurationComment
Teaching
84 Hour(s)
Lectures
Group work / Assignments
60 Hour(s)
Problem sessions
Examination
16 Hour(s)
Exam (two course papers, a multiple choice exam and a written exam)
Student's own work with learning resources
65 Hour(s)
Own work with theory and problems
Sum workload: 
225

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.