MATEMATIKA ZA BIZNIS

Upon completion of this course students will be able to: 1. Define economic functions, calculates the equilibrium price and determines the profitability interval. 2. Define simple and complex proportion, division of a given quantity, weighted arithmetic mean and apply the percentage calculus when solving economic mathematics problems. 3. Describe the anticipatory and decursive method of interest calculation, nominal, relative and conformal interest rate and apply these terms in determining the prices of money market instruments. 4. Determine the annuity and make a plan for repayment of consumer and investment loans. 5. Apply the principle of equivalence and methods of discounting and prolongation when testing profitability investment, in valuing long-term bonds and stocks. 6. Calculate the discount factor in the insurance-technical sense, defines biometric functions and applies financial mathematics and probability in solving simpler tasks in actuarial mathematics. 7. Describe the types of life insurance and calculate the net and gross premium for each of them.