# JSBY1220 Mathematics for Business and Economics 1 (4 cr)

Study level:
Other studies
0-5
Language:
English, Finnish
Responsible organisation:
Jyväskylä University School of Business and Economics
Curriculum periods:
2024-2025, 2025-2026, 2026-2027, 2027-2028

## Description

Regular number sequences and their applications for interest and loan calculation (arithmetic and geometric sequence, equal repayment and equal installment loans, periodic deposits, comparison of payment methods), basics of matrix calculation (definitions, basic calculations, determinant, Gaussian operations, inverse matrix, solving groups of equations using matrices) and linear optimization.

## Learning outcomes

After completing the course, the student:
- masters the most typical interest and loan calculations and discovers their connections to regular number sequences
- masters the basic concepts and basic calculations of matrices, knows how to calculate the determinant and the inverse matrix and can solve groups of equations using matrices
- knows how to solve two-variable linear optimization problems.

- critical thinking;
- data analysis and analytical reasoning;
- problem solving;
- the ability to understand mathematical material.

Actual teaching in period 2. At other times, independent study with the help of course materials and completion by exam.

Final exams are held at regular intervals throughout the year.

## Description of prerequisites

Ei varsinaisia esitietovaatimuksia. Mikäli aiemmista matematiikan opinnoista on kauan tai tarvitsee lisäharjoitusta, niin JSBY1210 Matematiikan kertauskurssi (tai vastaavat opinnot) on suositeltava.

## Study materials

Materials will be given during the course.

Possible literature if needed:
Ummer, E. K. 2012, Basic mathematics for economics, business, and finance, e-book, Chapter 1.10 excluding 1.10.6. (arithmetic and geometric series), Chapter 2 pages 81-108 (matrices), Chapter 5 pages 244-259 (linear programming, two variables only)
https://math.libretexts.org/ : Mathematics of finance

## Literature

• Häkkinen Kaija, Matematiikan peruskurssi, mikä tahansa painos; ISBN: 951-39-0391-5

## Completion methods

### Method 1

Description:
Exercise problems and exam. Details will be given at the beginning of the course.
Evaluation criteria:
Exam
Time of teaching:
Period 2
Select all marked parts
Parts of the completion methods
x

### Teaching (4 cr)

Type:
Participation in teaching