The student understands the importance of mathematics in describing and solving problems of finance and economy. The student is able to make a mathematical model of a business problem, to solve it and evaluate the accuracy of the results. The student is able to make use of computer software in solving particular problems.
Contents
The use of mathematical functions in business and economy. The factors influencing the value of the price and money, percentage and interest calculation, indices, currency conversion, compound interest, loans and payment schedules.