Course contents

KMB300, Quantitative Methods, 7,5 HE credits

Revision 3


This is an applied course useful in studying microeconomics, macroeconomics and finance. Examples of the application in microeconomics include elasticity, the concept of marginal changes, profit maximization, cost minimization as well as consumption and production surpluses. The application in macroeconomics includes marginal propensities of consumption and saving as well as solution for equilibrium in goods and/or money markets. The application in financial economics includes, for example, interest-rate compounding in investment strategies. Hence, examples of the essential mathematical, statistical and econometrical topics used in this course are: