INMNPMAT Mathematics in Economics

School of Business Administration in Karvina
Summer 2015
Extent and Intensity
2/1/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Mgr. Jiří Mazurek, Ph.D. (lecturer)
prof. RNDr. Jaroslav Ramík, CSc. (lecturer)
Mgr. Radmila Krkošková, Ph.D. (seminar tutor)
doc. Mgr. Jiří Mazurek, Ph.D. (seminar tutor)
Ing. Elena Mielcová, Ph.D. (seminar tutor)
Guaranteed by
prof. RNDr. Jaroslav Ramík, CSc.
Department of Informatics and Mathematics – School of Business Administration in Karvina
Contact Person: Mgr. Radmila Krkošková, Ph.D.
Prerequisites (in Czech)
K absolvování předmětu nejsou vyžadovány žádné podmínky a předmět může být zapsán nezávisle na jiných předmětech.
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
The course Mathematics in economics in master's study programme follows the course Quantitative methods in bachelor's study programme. It makes the participants acquainted with further knowledge and methods of differential and integral calculus, and the introduction to differential equations including their application in economics. The aim of the course is to cultivate approach to problem solution particularly in a variety of economic branches and to enable insight into their essence.
Syllabus
  • 1. Function of one variable
    2. Introduction to differential calculus of one real variable
    3. Course of a function of one real variable
    4. Function of two variables
    5. Local and bounded extremes of a function of two variables
    6. Indefinite integral of one real variable
    7. Special substitutions in the indefinite integral
    8. Definite integral of one real variable
    9. Applications of the definite integral
    10. Infinite number series
    11. Infinite function series
    12. Introduction into ordinary differential equations
    13. Linear differential equations


    1. Functions of one real variable
    Algebraic functions, transcendent functions, polynomials, decomposition of a polynomial into product of its roots. Economic applications: supply, demand, equilibrium under perfect competition..
    2. The introduction to differential calculus of one real variable
    Difference, derivative, differential. Taylor theorem, Taylor and Maclaurin polynomials. Economic applications: rate of a change of a function, function elasticity, substitution of a function by a polynomial of the n-th degree, marginal costs, marginal revenues, minimization of average costs, maximization of total revenue, maximization of profit.
    3. The course of a function of one real variable
    Economic applications: function of total, average and marginal costs and revenues, minimization of costs, maximization of revenue and profit, relationship between average costs and marginal costs under perfect competition..
    4. The function of two real variables
    Domain of a function of two real variables, partial derivatives, total differential of the first and second order, tangent plane.
    5. Local and bounded extremes of a function of two variables
    Weierstrass extrem value theorem, the method of Lagrange multipliers, Economic applications: Cobb-Douglas production function, maximization of revenue and profit, minimization of costs under perfect competition.
    6. Indefinite integral of one real variable
    Method per partes, substitution, integration of partial fractions. Economic applications: total costs and total revenues.
    7. Special substitutions in the indefinite integral
    Integration of rational, exponential, logarithmic and goniometric functions.
    8. Definite integral of one real variable
    Riemann integral, Newton-Leibniz formula, improper integral.
    9. . Applications of the definite integral
    Calculation of area of regions and volume of solids. Economic applications: consumer and producer surplus under perfect competition.
    10. Infinite number series
    Infinite number series and their convergence. Limiting criteria and integral criterion of convergence of positive infinite series. Alternating series.
    11. Infinite function series
    Geometric and power function series, Taylor series. Convergence of series.
    12. Introduction into ordinary differential equations
    General and particular integral, separation of variables.
    13. Linear differential equations
    Linear differential equations of the first order, homogenous differential equations.
Literature
    required literature
  • GODULOVÁ, M., JANÜ, I., STOKLASOVÁ, R. Matematika B. Karviná: OPF SU, 2003. ISBN 184-02-200. info
    recommended literature
  • KAŇKA, M. Matematické praktikum : sbírka řešených příkladů z matematiky pro studenty vysokých škol. Praha : Ekopress, 2010. ISBN 978-80-86929-65-1. info
  • GODULOVÁ, M., JANŮ, J., STOKLASOVÁ, R. Matematika A. Učební text. Karviná: OPF SU, 2003. ISBN 7248-206-8. info
  • DEVLIN, K. Jazyk matematiky. Praha: Argo, 2002. ISBN 80-7203-470-7. info
  • REKTORYS, K. Co je a k čemu je vyšší matematika. Praha : Academia, 2001. ISBN 80-200-0883-7. info
  • CHIANG, C.C. Fundamentals Methods of Mathematical Economics. New York: cGraw-Hill, Inc., 2000. ISBN 0-12-417890-1. info
  • REKTORYS, K. Přehled užité matematiky 1. Praha : Prometheus, 2000. ISBN 80-7196-180-9. info
  • REKTORYS, K. a spol. Přehled užité matematiky 2. Praha : Prometheus, 2000. ISBN 80-7196-181-7. info
Teaching methods
Skills demonstration
Seminar classes
Assessment methods
Written exam
Written test
Language of instruction
Czech
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
Teacher's information
test, 70% attendance at the seminars, exam test, form of the exam: written.
ActivityDifficulty [h]
Ostatní studijní zátěž61
Přednáška26
Seminář13
Zkouška40
Summary140
The course is also listed under the following terms Winter 2015, Summer 2016, Summer 2017, Summer 2018, Summer 2019, Summer 2020, Summer 2021, Summer 2022, Summer 2023, summer 2024.
  • Enrolment Statistics (Summer 2015, recent)
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