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Basic Mathematics for Economics


[admission-open-date]

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Objectives – 45 HrsThis course is intended for students who are studying economics, business economics, managerial economics or management courses. The course demonstrates the usefulness and relevance of basic mathematics in economics and business.

Modules

UNIT 1 Introduction

  • Why study mathematics; calculators and computers; multiple operations; brackets; Fractions; Decimals; Negative numbers; Powers; Roots and Fractional powers, Introducing Excel

  • 8 hours

UNIT 2 The straight line, Graphs and Functions

  • The straight line; Mathematical Modelling; Applications: Demand, supply, cost, revenue; More mathematics on the straight line; Translations of linear functions; elasticity of demand, supply and income; Functions; Inverse functions; Graphs of linear functions; Fitting linear functions; Slope; Budget Constraints; Non-linear functions; Using excel to plot functions

  • 15 hours

UNIT 3 Linear Equations and Quadratic Equation

  • Simultaneous linear equation system; Graphical solution; Equating to same variable; Substitution; Row operations; More than two unknowns; Solving quadratic equations; Graphical solution; Quadratic simultaneous equations; Polynomials

  • 10 hours

UNIT 4 Financial Mathematics; Series, time and investment

  • Discrete and continuous growth; Interest; Part year investment and the annual equivalent rate; time periods, initial amounts and interest rates; investment appraisal; net present value; the internal rate of return; annuities; loan repayments

  • 12 hours



  • Recommended Readings

  • Bose D (2009), An Introduction to Mathematical Methods, Himalaya Publishing House

  • Bradley Teresa (2010), Essential mathematics for Economics and Business, John Wiley and Sons Ltd.

  • Rosser (2003), Basic Mathematics for Economists, Routledge Publications

Lab Programs


  • Exercise 1: Design a Business card and Letter head for a given company

  • Exercise 2: Design a Poster for an event

  • Exercise 3: Design a Brochure for a new product

  • Exercise 4: Design a CD Label / cover for Music company

  • Exercise 5: Create a Packaging product for a given product

  • Exercise 6: Design a web page for Restaurant

  • Exercise 7: Create a Photo album

  • Exercise 8: convert Black and white photo to color

Admission Queries

For any queries at any given time during the application and admission process, you may contact us through the following Email ID’s:

The Office of Admissions,CHRIST (Deemed to be University), Hosur Road,Bengaluru – 560 029, Karnataka, INDIA

Phone
+91 92430 80800
+91 80 4012 9400

Email IDs
Indian candidates: admissions@christuniversity.in
NRI candidates: nri.admission@christuniversity.in
International: isc.admission@christuniversity.in

CHRIST (Deemed to be University)
Kanmanike, Kumbalgodu, Mysore Road,
Bengaluru – 560 074, Karnataka, INDIA

Phone
+91 80 4012 9800,
+91 80 4012 9802
+91 80 4012 9820

Email
admissions.kengeri@christuniversity.in

CHRIST (Deemed to be University),
Mariam Nagar, Meerut Road,
Delhi NCR Ghaziabad – 201003

Phone
1800-123-3212

Email
admission.ncr@christuniversity.in

CHRIST (Deemed to be University)
Hulimavu, Bannerghatta Road,
Bengaluru – 560 076, Karnataka, INDIA

Phone
+91 080 4655 1306

Email
admissions.bgr@christuniversity.in

CHRIST (Deemed to be University)
Nagasandra, Near Tumkur Road,
Bengaluru 560 073, Karnataka, INDIA

Phone
+91 97422 44407
+91 80 6989 6666

Email
admissions.yeshwanthpur@christuniversity.in

CHRIST (Deemed to be University),
Christ University Road, 30 Valor Court, PO Dasve Lavasa, Mulshi, Pune – 412112, Maharashtra

Phone
1800-123-2009

Email
admission.lavasa@christuniversity.in

Between: Monday to Friday: 09:00 AM to 04:00 PM,
Saturday: 09:00 AM to 12:00 PM

(Office remains closed on Sundays, Government Holidays and Any special events)

Objectives – 45 HrsThis course is intended for students who are studying economics, business economics, managerial economics or management courses. The course demonstrates the usefulness and relevance of basic mathematics in economics and business.

Modules

UNIT 1 Introduction

  • Why study mathematics; calculators and computers; multiple operations; brackets; Fractions; Decimals; Negative numbers; Powers; Roots and Fractional powers, Introducing Excel

  • 8 hours

UNIT 2 The straight line, Graphs and Functions

  • The straight line; Mathematical Modelling; Applications: Demand, supply, cost, revenue; More mathematics on the straight line; Translations of linear functions; elasticity of demand, supply and income; Functions; Inverse functions; Graphs of linear functions; Fitting linear functions; Slope; Budget Constraints; Non-linear functions; Using excel to plot functions

  • 15 hours

UNIT 3 Linear Equations and Quadratic Equation

  • Simultaneous linear equation system; Graphical solution; Equating to same variable; Substitution; Row operations; More than two unknowns; Solving quadratic equations; Graphical solution; Quadratic simultaneous equations; Polynomials

  • 10 hours

UNIT 4 Financial Mathematics; Series, time and investment

  • Discrete and continuous growth; Interest; Part year investment and the annual equivalent rate; time periods, initial amounts and interest rates; investment appraisal; net present value; the internal rate of return; annuities; loan repayments

  • 12 hours


UNIT 1 Introduction

  • Why study mathematics; calculators and computers; multiple operations; brackets; Fractions; Decimals; Negative numbers; Powers; Roots and Fractional powers, Introducing Excel

  • 8 hours

UNIT 2 The straight line, Graphs and Functions

  • The straight line; Mathematical Modelling; Applications: Demand, supply, cost, revenue; More mathematics on the straight line; Translations of linear functions; elasticity of demand, supply and income; Functions; Inverse functions; Graphs of linear functions; Fitting linear functions; Slope; Budget Constraints; Non-linear functions; Using excel to plot functions

  • 15 hours

UNIT 3 Linear Equations and Quadratic Equation

  • Simultaneous linear equation system; Graphical solution; Equating to same variable; Substitution; Row operations; More than two unknowns; Solving quadratic equations; Graphical solution; Quadratic simultaneous equations; Polynomials

  • 10 hours

UNIT 4 Financial Mathematics; Series, time and investment

  • Discrete and continuous growth; Interest; Part year investment and the annual equivalent rate; time periods, initial amounts and interest rates; investment appraisal; net present value; the internal rate of return; annuities; loan repayments

  • 12 hours

  • Recommended Readings

  • Bose D (2009), An Introduction to Mathematical Methods, Himalaya Publishing House

  • Bradley Teresa (2010), Essential mathematics for Economics and Business, John Wiley and Sons Ltd.

  • Rosser (2003), Basic Mathematics for Economists, Routledge Publications

Lab Programs


  • Exercise 1: Design a Business card and Letter head for a given company

  • Exercise 2: Design a Poster for an event

  • Exercise 3: Design a Brochure for a new product

  • Exercise 4: Design a CD Label / cover for Music company

  • Exercise 5: Create a Packaging product for a given product

  • Exercise 6: Design a web page for Restaurant

  • Exercise 7: Create a Photo album

  • Exercise 8: convert Black and white photo to color

Admission Queries

For any queries at any given time during the application and admission process, you may contact us through the following Email ID’s:

The Office of Admissions,CHRIST (Deemed to be University), Hosur Road,Bengaluru – 560 029, Karnataka, INDIA

Phone
+91 92430 80800
+91 80 4012 9400

Email IDs
Indian candidates: admissions@christuniversity.in
NRI candidates: nri.admission@christuniversity.in
International: isc.admission@christuniversity.in

CHRIST (Deemed to be University)
Kanmanike, Kumbalgodu, Mysore Road,
Bengaluru – 560 074, Karnataka, INDIA

Phone
+91 80 4012 9800,
+91 80 4012 9802
+91 80 4012 9820

Email
admissions.kengeri@christuniversity.in

CHRIST (Deemed to be University),
Mariam Nagar, Meerut Road,
Delhi NCR Ghaziabad – 201003

Phone
1800-123-3212

Email
admission.ncr@christuniversity.in

The Office of Admissions,CHRIST (Deemed to be University), Hosur Road,Bengaluru – 560 029, Karnataka, INDIA

Phone
+91 92430 80800
+91 80 4012 9400

Email IDs
Indian candidates: admissions@christuniversity.in
NRI candidates: nri.admission@christuniversity.in
International: isc.admission@christuniversity.in

CHRIST (Deemed to be University)
Kanmanike, Kumbalgodu, Mysore Road,
Bengaluru – 560 074, Karnataka, INDIA

Phone
+91 80 4012 9800,
+91 80 4012 9802
+91 80 4012 9820

Email
admissions.kengeri@christuniversity.in

CHRIST (Deemed to be University),
Mariam Nagar, Meerut Road,
Delhi NCR Ghaziabad – 201003

Phone
1800-123-3212

Email
admission.ncr@christuniversity.in

CHRIST (Deemed to be University)
Hulimavu, Bannerghatta Road,
Bengaluru – 560 076, Karnataka, INDIA

Phone
+91 080 4655 1306

Email
admissions.bgr@christuniversity.in

CHRIST (Deemed to be University)
Nagasandra, Near Tumkur Road,
Bengaluru 560 073, Karnataka, INDIA

Phone
+91 97422 44407
+91 80 6989 6666

Email
admissions.yeshwanthpur@christuniversity.in

CHRIST (Deemed to be University),
Christ University Road, 30 Valor Court, PO Dasve Lavasa, Mulshi, Pune – 412112, Maharashtra

Phone
1800-123-2009

Email
admission.lavasa@christuniversity.in

CHRIST (Deemed to be University)
Hulimavu, Bannerghatta Road,
Bengaluru – 560 076, Karnataka, INDIA

Phone
+91 080 4655 1306

Email
admissions.bgr@christuniversity.in

CHRIST (Deemed to be University)
Nagasandra, Near Tumkur Road,
Bengaluru 560 073, Karnataka, INDIA

Phone
+91 97422 44407
+91 80 6989 6666

Email
admissions.yeshwanthpur@christuniversity.in

CHRIST (Deemed to be University),
Christ University Road, 30 Valor Court, PO Dasve Lavasa, Mulshi, Pune – 412112, Maharashtra

Phone
1800-123-2009

Email
admission.lavasa@christuniversity.in

Between: Monday to Friday: 09:00 AM to 04:00 PM,
Saturday: 09:00 AM to 12:00 PM

(Office remains closed on Sundays, Government Holidays and Any special events)