Business Math


Marjan Petreski, PhD
former Vice-Rector/ Associate Professor / Research Fellow
Marija Andonova Nachova, MA
Teaching Assistant

Knowing that economics is no more a deductive science, using verbal logic grounded on a few basic axioms, extensive use of graphs, equations and statistics replaces the verbal deductive method. In view of the increasing complexity of modern economic problems, the need to learn and explore the possibilities of the new methods is becoming ever more pressing, on one hand and the mathematical methods guarantee deeper insight into the subject and lead towards exact and analytical solutions. If methods based on Mathematics are used suitably according to the needs of Social Sciences they can prove to be compact, consistent and powerful tools especially in the fields of Economics, Commerce and Industry. Our intent in this course is to present you how your economic knowledge can be discovered and extended by means of mathematical formulations. This course has been designed to provide mathematical functions for students enrolled in Business and economics. It begins with non-calculus topics such as functions, equations, and matrix algebra, and then some calculus topics will be covered with applications. In order to stand out in today’s competitive job market, new economics graduates need to bring special skills and abilities that will give them the potential to hit the ground running and contribute immediately. Those students who succeed in solving the problems on their own efforts will surely find a phenomenal increase in their knowledge, understanding capacity and problem solving ability.

Syllabus Business Mathematics