Business Mathematics
Business mathematics is a branch of mathematics that applies mathematical, especially stochastic, methods to economic questions.
In microeconomics , macroeconomics and especially in econometrics as well as in operations research , mathematical models and procedures are used to describe economic processes and to solve quantitatively formulated problems.
For example, the following aspects are described with models:
- quantitative investigation of a precisely defined economic situation (determination of a consumption function )
- qualitative investigation of a general economic process (tendency of a price-sales function ).
Since 1977, business mathematics has been offered by a number of German universities as an independent course. Business mathematics studies at universities are also possible in the mathematics course with a minor in business administration or economics.
In addition, the teaching of business mathematics is also used in business schools (Bavaria) in preparation for the other business school subjects such as business administration, accounting, etc. To compensate for this, mathematics is only offered as an optional subject in some Bavarian business schools (4 hours a week in the 9th grade and 3 hours a week in the 10th grade).
See also
- Applied Mathematics
- Financial math
- Economic statistics
- Econometrics
- Optimization (math)
- Actuarial
- Economics
literature
- Jutta Arrenberg: Business Mathematics for Bachelor. 6th edition, UTB Stuttgart, 2020, ISBN 978-3-8252-5487-2 .
- Knut Sydsaeter, Peter Hammond, Arne Strom: Mathematics for economists: basic knowledge with practical relevance (including e-learning MyMathLab German version and e-text). 5th edition. Pearson Studies, 2018.
- Fred Böker: Mathematics for Economists: The Exercise Book. 3. Edition. Pearson Studies, 2018.