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The objective of the mathematics course is to provide the students with knowledge
about mathematical concepts and methods applied within financial/statistical
subject areas as well as to make the students conversant with mathematical
application to formulation and solution of financial/statistical problems. The
purpose is not to teach finance/statistics, but instead use examples/assignments focusing on finance/statistics.
Course background:
The students must have mathematics at ‘B'-level (high school exam). However, this level is insufficient when attending many of the courses at the study programme.
Thus, it is necessary to provide the students with sufficient mathematical skills within a number of subject areas significantly above a high school ‘A'-level.
The course contains the following main subjects:
1. Functions in more variables
2. Integration
3. Financial applications
4. Matrix and vector algebra
5. Determinants and matrix inversion
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Steen Mortensen
Lectures supplemented with exercises
See the booklist available on AU Hernings BlackBoard
The examination is a four hour written assignment. All aids are allowed.
The mark is either passed or non-passed
During the semester, the student can hand in 9 exercises for delivery. To be submitted to the exam, it is a presumption that the student (in due time) has handed in 2/3 corresponding with 6 exercises and that these 6 exercises have been approved.
The reexamination is the same as the ordinary; however, in case only five students attend the reexamination, the students will be tested at an oral examination instead