HANOI UNIVERSITY

FACULTY OF MANAGEMENT AND TOURISM

MAT5MEB
MATHEMATICS FOR ECONOMICS AND BUSINESS
Autumn 2021
 Mathematics for Economics and Business – Course Outline 2

Course details

Course code MAT5MEB Course Mathematics for Economics and Business

Credit 4 name
Prerequisite None
Term Autumn 2021 Level Undergraduate
Course Coordinator Anh Tran, M.Sc.
kimanh@hanu.edu.vn
Binh Du, Ph.D
binhdth@hanu.edu.vn
Hien Tran, M. Sc
Instructor(s)
hientttfmt@hanu.edu.vn
Viet Nguyen, M.Sc.
vietnh@hanu.edu.vn

The syllabus contains important information. Please ensure that you read it carefully.
It is also strongly recommended that you keep this copy of your syllabus for future reference.

Course Description

It is well recognized that mathematics is the backbone in almost every discipline: from
engineering to social sciences. Mathematics in general and Mathematics for Economics and
Business in particular will provide you a kit of tools that will be used to solve a range of
economic and financial problems. More than that, students will strengthen and develop their
problem-solving skills as well as analytical skills, those that are preferred by employers today.
In addition, this subject is very useful for those who plan to pursue postgraduate study in
economics and business.
Mathematics for Economics and Business is designed to provide students with the fundamental
and the most frequently used mathematical methods that are applied widely in economics and
business. The topics to be covered include functions, limits, series, univariate differential
calculus, multivariate differential calculus, unconstrained optimization and equality-constrained
optimization, integral and matrix algebra. Various applications in economics, business and
finance of the mathematical methods will be demonstrated.
Mathematics for Economics and Business has two major objectives. The first objective is to
ensure that all students have encountered the material that is assumed knowledge for the other
subjects offered by the Faculty of Management and Tourism in their later years. The second
objective is to demonstrate a variety of different quantitative techniques that may be encountered
anywhere from the modern business practice to everyday life.
The material for this course will be presented through text, lectures, and class
exercises. Obviously, students are not expected to master this material before class, but failure
to familiarize yourself with the material will put you at a definite disadvantage.  The tentative
schedule of reading assignments is included in this course profile.

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 Mathematics for Economics and Business – Course Outline 3

Learning Outcomes
Upon successful completion of the course, students should be able to
 Solve and manipulate equations and system of equations.
 Work with matrices and determinants.
 Solve systems of linear equations using matrix algebra.
 Work with matrices and determinants.
 Evaluate derivatives.
 Solve problems using differential calculus.
 Find maximum and minimum of univariate and multivariate functions.
 Solve unconstrained optimization problems.
 Solve constrained optimization problems.
 Find the antiderivatives of a function.
 Evaluate integral.
 Find area and to solve economics and business problems using integral.

Course materials

You must purchase or have access to the following text.

1. Larry J. G., David C. L. and David I. S. Calculus and Its Applications (13th ed). Prentice
Hall.
2. Lecture notes and tutorial exercises prepared by FMT teachers.
Additional Readings:
3. Michael Sullivan. Algebra and Trigonometry (8th edition) (Chapter 12). Prentice Hall.
4. Teresa Bradley (2011) Essential Mathematics for Economics and Business( 3rd ed). John
Wiley&Sons, Ltd.
5. http://ocw.mit.edu/ans7870/18/18.013a/textbook/MathML/index.xhtml

Course communication

A Google Classroom (www.classroom.google.com) for this course has been created and you
will be invited to join prior to the start of the course. All the materials of the course will be
provided on this platform. Students who are not registered on the Google Classroom are not
qualified to sit for the Final Examination.

Students with Disability

If you have a disability and are in need of academic accommodations, please notify me
immediately to arrange needed supports.

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 Mathematics for Economics and Business – Course Outline 4

Academic Honesty

Faculty of Management and Tourism strictly prohibits all forms of academic cheating, fraud,
and dishonesty. These acts include, but are not limited to, plagiarism, buying and selling of
course assignments and research papers, performing academic assignments (including tests and
examinations) for other persons, and other practices commonly understood to be academically
dishonest. Acts of academic dishonesty may result a failing grade on the exam or assignment for
which the dishonesty occurred or failing the course.

Course structure

The structure of this course for on-campus students comprises of one 2.5 class hour lecture and
one 2.5 class hour tutorial per week.

Grading and Assignment

Your course grade is comprised of the following 5 elements:

1. Active Class Participation (10%) 10 points
2. Homework presentation / Small tests (15%) 15 points
3. Midterm Examination (25%) 25 points
4. Final Examination (50%) 50 points
Total 100 points

1. Active Class Participation (10%)

It is important for students to attend all classes and to be punctual. Remember, you will learn by
doing, not by passively listening. To do this you must be there, you must be prepared, and you
must be involved.
2. Homework presentation / Small tests (15%)
Each week, starting from week 2, except for midterm and REI week, some students will be
responsible for present the solution of a tutorial exercises. Presentations should be 15 minutes or
less. It will be followed by a short question and answer session.
Small tests will include multiple choice questions and / or problems. There will be NO
make-up exams except for serious, documentable reasons.
3. Midterm Examination (25%)
The midterm will include multiple choice questions and/ or problems. There will be NO make-
up exams except for serious, documentable reasons.
4. Final Examination (50%)
The final examination may consist of several types of questions including multiple choice
question and problems. This is a two hours examination and the official format will be notified
by week 8.

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 Mathematics for Economics and Business – Course Outline 5

Proposed weekly schedule

Week Topic Reading Lecture Tutorial

1 6/9-10/9 Functions Chapter 0 1
2 13/9-17/9 Sequence, Series Chapter 11 2 1
3 20/9-24/9 Limits and Continuity Chapter 1 3 2
4 27/9-1/10 The Derivative Chapter 1,3 4 3
5 4/10-8/10 Applications of the Derivative Chapter 1,2 5 4
6 11/10-15/10 Optimization Chapter 2 6 5
7 18/10-22/10 The Antiderivative Chapter 6, 9 7 6
8 25/10-29/10 Midterm Test
9 1/11-5/11 The Definite Integral Chapter 6, 9 8 7
10 8/11-12/11 Applications of the Definite Chapter 6, 11 9 8
Integral
11 15/11-19/11 Function of Several Variables (P1) Chapter 7 10 9
12 22/11-26/11 Function of Several Variables (P2) Chapter 7 11 10
13 29/11-03/12 Matrix Algebra Chapter 12 12 11
14 06/12-10/12 System of Linear Equations(P1) Chapter 12 13 12
15 13/12-17/12 System of Linear Equations(P2) Chapter 12 14 13
16 20/12-24/12 Revision for Final Exam All chapters involved 15 14
17 27/12-31/12 15