OPF:INMNPMAT Mathematics in Economics - Course Information

INMNPMAT Mathematics in Economics

Extent and Intensity

2/1/0. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

doc. Mgr. Jiří Mazurek, Ph.D. (lecturer)
prof. RNDr. Jaroslav Ramík, CSc. (lecturer)
Mgr. Radmila Krkošková, Ph.D. (seminar tutor)
doc. Mgr. Jiří Mazurek, Ph.D. (seminar tutor)
Ing. Elena Mielcová, Ph.D. (seminar tutor)

Guaranteed by

prof. RNDr. Jaroslav Ramík, CSc.
Department of Informatics and Mathematics – School of Business Administration in Karvina
Contact Person: Mgr. Radmila Krkošková, Ph.D.

Prerequisites (in Czech)

K absolvování předmětu nejsou vyžadovány žádné podmínky a předmět může být zapsán nezávisle na jiných předmětech.

Course Enrolment Limitations

The course is also offered to the students of the fields other than those the course is directly associated with.

fields of study / plans the course is directly associated with

• Banking (programme OPF, N_HOSPOL)
• Business Economics in Trade and Services (programme OPF, N_EKOMAN)
• European Integration (programme OPF, N_HOSPOL)
• Managerial Informatics (programme OPF, N_SYSINF)
• Marketing and Management (programme OPF, N_EKOMAN)
• Public Economy and Administration (programme OPF, N_HOSPOL)

Course objectives

The course Mathematics in economics in master's study programme follows the course Quantitative methods in bachelor's study programme. It makes the participants acquainted with further knowledge and methods of differential and integral calculus, and the introduction to differential equations including their application in economics. The aim of the course is to cultivate approach to problem solution particularly in a variety of economic branches and to enable insight into their essence.

Syllabus

• 1. Function of one variable
  2. Introduction to differential calculus of one real variable
  3. Course of a function of one real variable
  4. Function of two variables
  5. Local and bounded extremes of a function of two variables
  6. Indefinite integral of one real variable
  7. Special substitutions in the indefinite integral
  8. Definite integral of one real variable
  9. Applications of the definite integral
  10. Infinite number series
  11. Infinite function series
  12. Introduction into ordinary differential equations
  13. Linear differential equations
  
  
  1. Functions of one real variable
  Algebraic functions, transcendent functions, polynomials, decomposition of a polynomial into product of its roots. Economic applications: supply, demand, equilibrium under perfect competition..
  2. The introduction to differential calculus of one real variable
  Difference, derivative, differential. Taylor theorem, Taylor and Maclaurin polynomials. Economic applications: rate of a change of a function, function elasticity, substitution of a function by a polynomial of the n-th degree, marginal costs, marginal revenues, minimization of average costs, maximization of total revenue, maximization of profit.
  3. The course of a function of one real variable
  Economic applications: function of total, average and marginal costs and revenues, minimization of costs, maximization of revenue and profit, relationship between average costs and marginal costs under perfect competition..
  4. The function of two real variables
  Domain of a function of two real variables, partial derivatives, total differential of the first and second order, tangent plane.
  5. Local and bounded extremes of a function of two variables
  Weierstrass extrem value theorem, the method of Lagrange multipliers, Economic applications: Cobb-Douglas production function, maximization of revenue and profit, minimization of costs under perfect competition.
  6. Indefinite integral of one real variable
  Method per partes, substitution, integration of partial fractions. Economic applications: total costs and total revenues.
  7. Special substitutions in the indefinite integral
  Integration of rational, exponential, logarithmic and goniometric functions.
  8. Definite integral of one real variable
  Riemann integral, Newton-Leibniz formula, improper integral.
  9. . Applications of the definite integral
  Calculation of area of regions and volume of solids. Economic applications: consumer and producer surplus under perfect competition.
  10. Infinite number series
  Infinite number series and their convergence. Limiting criteria and integral criterion of convergence of positive infinite series. Alternating series.
  11. Infinite function series
  Geometric and power function series, Taylor series. Convergence of series.
  12. Introduction into ordinary differential equations
  General and particular integral, separation of variables.
  13. Linear differential equations
  Linear differential equations of the first order, homogenous differential equations.
  

Literature

required literature
• GODULOVÁ, M., JANÜ, I., STOKLASOVÁ, R. Matematika B. Karviná: OPF SU, 2003. ISBN 184-02-200. info

recommended literature
• KAŇKA, M. Matematické praktikum : sbírka řešených příkladů z matematiky pro studenty vysokých škol. Praha : Ekopress, 2010. ISBN 978-80-86929-65-1. info
• GODULOVÁ, M., JANŮ, J., STOKLASOVÁ, R. Matematika A. Učební text. Karviná: OPF SU, 2003. ISBN 7248-206-8. info
• DEVLIN, K. Jazyk matematiky. Praha: Argo, 2002. ISBN 80-7203-470-7. info
• REKTORYS, K. Co je a k čemu je vyšší matematika. Praha : Academia, 2001. ISBN 80-200-0883-7. info
• CHIANG, C.C. Fundamentals Methods of Mathematical Economics. New York: cGraw-Hill, Inc., 2000. ISBN 0-12-417890-1. info
• REKTORYS, K. Přehled užité matematiky 1. Praha : Prometheus, 2000. ISBN 80-7196-180-9. info
• REKTORYS, K. a spol. Přehled užité matematiky 2. Praha : Prometheus, 2000. ISBN 80-7196-181-7. info

Teaching methods

Skills demonstration
Seminar classes

Assessment methods

Written exam
Written test

Language of instruction

Czech

Further comments (probably available only in Czech)

The course can also be completed outside the examination period.

Teacher's information

test, 70% attendance at the seminars, exam test, form of the exam: written.

Activity	Difficulty [h]
Ostatní studijní zátěž	61
Přednáška	26
Seminář	13
Zkouška	40
Summary	140

• Enrolment Statistics (Summer 2015, recent)
  
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