2023-2024 / MATH0055-2

Mathematics for Economic and management sciences (Part 1)


60h Th, 45h Pr

Number of credits

 Bachelor in economics and business management7 crédits 


Morgane Dumont


Sabine Maron

Language(s) of instruction

French language

Organisation and examination

All year long, with partial in January


Schedule online

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit 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, an introduction.
Every topic is illustrated with a great variety of examples in mamangement as well as in economics.

Learning outcomes of the learning unit

Learning outcomes :

"Use adequately the mathematics, the statistics or the IT tools in the context of the management or the economics", 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.

The course will allow students to demonstrate scientific precision and a critical mind in the analysis of a complex situation.

Prerequisite knowledge and skills

Elementary algebra : fraction, power, operations priority, proper use of parenthesis; First and second degree functions and their graphs.

Planned learning activities and teaching methods


Selected exercises are to prepare outside of class and before the exercise sessions. The exercises will be announced a few days to prepare in advance. 

Personal work, outside of class sessions and exercises is expected of the student throughout the year. Regular work is essential to achieve the objectives.

In addition to the ongoing large group classes, exercise sessions are held in small groups. Formative evaluations ("blank exams") are organized.

Mode of delivery (face to face, distance learning, hybrid learning)

Face-to-face course

Additional information:

  • Face-to-face lectures.
  • and practice sessions (small groups of students).
  • Possibility to attend "questions-and-answers" sessions several times a week
  • Web-site for training :
  • http://lola.hec.uliege.be

Recommended or required readings

"Mathématique pour l'économie" by Knut SydsæterPeter HammondArne StrømAndrés Carvajal (5e édition, PEARSON.)  Available at "centrales de cours" (N1)

The forth edition remains suitable.

Several documents will be available on the course website : Lola (Identification needed to access MATH0055-2)

Exam(s) in session

Any session

- In-person

written exam ( open-ended questions )

Additional information:

See French version

Work placement(s)

Organisational remarks and main changes to the course

The course is taught in French.

Mobile phones are not useful during the course and impair concentration. These devices must be switched off, alarm deactivated, during the courses, except if it's asked by the professor to use it for pedagogical purposes. You can have tablets or other computers if it is used to take notes.


M. Dumont, HEC-Ecole de Gestion de l'Ulg, Rue Louvrex, 14, Liège. (Bât. N1, Local 307),  E-mail: Morgane.Dumont@uliege.be


  • S. Maron, Bât. N1, Local 306. Tél. : 04 232 73 01 - E-mail : Sabine.Maron@uliege.be
  • E. Flas, Bât. N1, Local 306. Tél. : 04 232 73 15  - E-mail : eddy.flas@uliege.be
  • L. De Rudder, Bât. N1, Local 306 - E-mail :

Association of one or more MOOCs

Items online

Course web site
The slides and other documents will be available during the year on the course web site.