An Introduction to Business Mathematics
Henk van Elst (Karlshochschule International University)

TL;DR
This paper offers a comprehensive, self-contained introduction to essential mathematical methods used in business and economics, emphasizing applications in quantitative economic modeling.
Contribution
It provides an integrated overview of fundamental mathematical tools tailored for business students, with a focus on practical economic applications.
Findings
Includes detailed explanations of vector and matrix algebra
Covers linear programming and financial mathematics
Applies calculus to economic modeling
Abstract
These lecture notes provide a self-contained introduction to the mathematical methods required in a Bachelor degree programme in Business, Economics, or Management. In particular, the topics covered comprise real-valued vector and matrix algebra, systems of linear algebraic equations, Leontief's stationary input-output matrix model, linear programming, elementary financial mathematics, as well as differential and integral calculus of real-valued functions of one real variable. A special focus is set on applications in quantitative economical modelling.
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Taxonomy
TopicsEconomic theories and models · Capital Investment and Risk Analysis
