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| MATH0055-2 | Mathematics for economic and management sciences (Part I)
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| Duration : | 60h Th, 45h Pr |
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| Number of credits : |
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| Lecturer : | Isabelle Pays |
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Language(s) of instruction :
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| French language |
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Organisation and examination :
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| All year long, with partial in January |
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Course contents :
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| Contents :
- Summation notation, Newton's binomial formula
- Elementary functions (polynomials, power functions, exponential functions, logarithmic functions).
- One variable calculus (limits, continuity, dérivatives).
- Financial maths: simple and compounded interest, present value, motgages, internal rate of return.
- Multivariable calculus (essentially 2 variables) (Introduction: graphs, level curves, partial dérivatives, linear approximations).
- Matrix algebra, determinants, systems of linear equations.
- Linear programming.
Every topic is illustrated with a great variety of examples in mamangement as well as in economics. |
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Learning outcomes of the course :
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| Accordingly to the programm's ILO, with this course the student will
- acquire the mathematical tools needed in the models used in economics as well as the basics to be able to undertake statistics courses, essential for futur managers or economists.
- be aware of the need to think, to reason rigorously, argue, interpret (from a practical point of view) results and communicate its approach and conclusions in the context and the appropriate language.
- be able to structure and to organize knowledge so that it can integrate them later in his studies and later in his career.
The student is not asked to produce mathematics but to take them under control in such a way that he/she will be able to use them in the context of management and economics. |
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Prerequisites and co-requisites/ Recommended optional programme components :
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| Elementary algebra : fraction, power, operations priority, proper use of parenthesis; First and second degree functions and their graphs. |
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Planned learning activities and teaching methods :
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| Exercises with small groups of students |
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Mode of delivery (face-to-face ; distance-learning) :
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Recommended or required readings :
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| "Essential Mathematics for Economic Analysis" . Authors:
Knut Sydesaeter et Peter Hammond.
(4th édition chez Prentice Hall.)
ISBN: 978-0-273-76068-9.
(3rd edition is also fine.)
Available at "centrale des cours"
Several documents will be available on the course website. |
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Assessment methods and criteria :
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| Written exams, including partial in January on the matter of the first term (which may lead to a partial exemption).
Part by MCQ (multiple choice questions), 40% of the result.
Several "blank exams" during the year, for training. |
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Work placement(s) :
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Organizational remarks :
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| The course is taught in French. |
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Contacts :
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| Instructor : I. Pays, HEC-Ecole de Gestion de l'Ulg, Rue Louvrex, 14, Liège. (Bât. N1, Local 327), Tél. : 04 232 7302 - E-mail: Isabelle.Pays@ulg.ac.be
Assistants:
S. Maron, Bât. N1, Local 306. Tél. : 04 232 73 01 - E-mail : Sabine.Maron@ulg.ac.be
M.-C. Cillis, Bât. N1, Local 306. Tél. : 04 232 73 41 - E-mail : mccillis@ulg.ac.be
C. Balthasart, Bât. N1, Local 306. Tél. : 04 232 73 41 - E-mail : cbalthasart@ulg.ac.be |
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