Program Overview

Course Overview

The course Mathematics for Business, REA1153, is a foundation course that treats basic mathematical concepts and methods of analysis. It supports the appropriation of mathematical representations in other parts of the study programme.

Course Details

• Credits: 7.5
• Level: Foundation courses, level I
• Course start: Autumn 2025
• Duration: 1 semester
• Language of instruction: Norwegian
• Location: Gjřvik
• Examination arrangement: School exam

Course Content

The course covers the following themes:

• Elementary algebra (including solving equations and systems of equations)
• Functions of one variable (including polynomial functions, rational functions, exponential functions, logarithmic functions, and compound functions)
• Differentiation and application of differentiation, including problems related to maximum and minimum
• Implicit differentiation and elasticities
• Sequences, series, and sums (including arithmetical series, geometric series, infinite series, and convergence)
• Finance mathematics (including savings, present value, loan, annuities)
• Integration (only for simple polynomial and natural exponential functions)
• Functions of several variables (including Cobb-Douglas functions)
• Partial differentiation, including problems related to maximum and minimum for functions of several variables
• Lagrange's method

Learning Outcome

Knowledge

The student will:

• Know and understand basic mathematical concepts
• Know and understand mathematical analysis of functions
• Know and understand mathematical modelling

Skills

The student will:

• Master a wide range of algebraic operations
• Be able to analyze different types of mathematical functions
• Be able to use mathematics and mathematical models to analyze economic problems

General Competence

The student will:

• Have developed an ability for logical thinking
• Have an understanding of the possibilities of mathematics and its limitations as a tool in economic problems

Learning Methods and Activities

• Lectures and exercises

Compulsory Assignments

• Work requirements, with specifics provided at the start of the term

Evaluation

• Supporting material allowed on exams includes a collection of mathematical formulas and approved calculators (Casio FC-100V and Texas Instruments BAII Plus)
• Work requirements must be approved to gain admission to the exam
• Re-sit exam is held in August, with admissions deadline in July, and may be given as an oral examination

Specific Conditions

• Admission to a programme of study is required, including:
  • Business Administration (BŘA)
  • Business Administration (ĹŘKADM)
  • Business Management (BŘKLEDC)
  • Digital Business Development (ITBAITBEDR)

Recommended Previous Knowledge

• A good foundation in mathematics (S1 + S2/R1 or equivalent) is recommended

Required Previous Knowledge

• None

Course Materials

• Syllabus: Dovland, O.G. and P. Pettersen, Matematikk for řkonomistudenter, last edition, Fagbokforlaget (subject to modification)

Credit Reductions

The course has academic overlap with the following courses:

• SŘK1001 (7.5 sp, from Autumn 2019)
• AR (7.5 sp, from Autumn 2019)
• REA1131 (5 sp, from Autumn 2019)
• ME110 (6 sp, from Autumn 2019)
• MET8002 (7.5 sp, from Autumn 2019)
• REA1153F (7.5 sp, from Autumn 2022) If overlapping courses are taken, a credit reduction will be applied to the course with the lowest grade, or the most recently completed course if grades are the same

Subject Areas

• Economics and Administration

Examination Details

• Examination arrangement: School exam
• Grade: Letter grades
• Ordinary examination - Autumn 2025:
  • School exam, weighting 100/100, with examination aids (code D), on a specified date and time, lasting 4 hours, using the Inspera Assessment exam system
  • Place and room for the school exam will be specified, with the possibility of changes
• Re-sit examination - Summer 2026:
  • School exam, with details to be specified, potentially as an oral examination