Mathematics for Business
Igor Ivanovski, PhD (Associate Professor)
Violeta Cvetkoska, PhD (Associate Professor)
Course objectives (competences): After successfully passing this exam the students should be able
The course provides knowledge of basic theoretical and applied knowledge and concepts of arrays and sequences, the concept of limit value, the basics of combinatorics, binomial and trinomial series, the study of the application of classical and statistical probability, the elements of linear algebra and vector analysis multivariate functions through the study of derivatives and indeterminate and definite integrals and the application of the development of the McLaren and Taylor order, as well as the introductory knowledge of empirically defined functions (with linear, logarithmic, exponential, parabolic and hyperbolic dependence), the application of the concept of simple interest in economics and especially the implementation of complex discrete (decursive and anticipatory, long-term) financial by studying the concept of futures and discounted value, periodic investments and periodic rents and credit models, with different combinations of decursive and anticipatory interest rates and equal and rounded annuities.