When you enroll in this course, you'll also be enrolled in this Specialization.
Learn new concepts from industry experts
Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate
There are 4 modules in this course
This course provides the essential mathematics required to succeed in the finance and economics related modules of the Global MBA, including equations, functions, derivatives, and matrices. You can test your understanding with quizzes and worksheets, while more advanced content will be available if you want to push yourself.
This course forms part of a specialisation from the University of London designed to help you develop and build the essential business, academic, and cultural skills necessary to succeed in international business, or in further study.
If completed successfully, your certificate from this specialisation can also be used as part of the application process for the University of London Global MBA programme, particularly for early career applicants. If you would like more information about the Global MBA, please visit https://mba.london.ac.uk/.
This course is endorsed by CMI
Although financial models are theoretical frameworks, we often use mathematical tools to work with these models.
Mathematical models usually consist of a set of equations, which are designed to describe the structure of the model, and whose solution determines the importance of variables.
This week, we will look at equations, including the basic terminology, and the rules for solving equations requiring more than one operation.
What's included
10 videos2 readings3 assignments
Show info about module content
10 videos•Total 49 minutes
Welcome to Quantitative Foundations for International Business•2 minutes
Equations- An Introduction•4 minutes
1. Variables, Constants and Parameters•6 minutes
2. The Real Number System•6 minutes
3. Basic Rules•8 minutes
4. Like Terms•3 minutes
5. Translate Phrases into Mathematics•6 minutes
6. Working with Business Formulas•6 minutes
7. Ratio and Proportion•6 minutes
Equations- Summary•3 minutes
2 readings•Total 20 minutes
Glossary of Terms•10 minutes
Quiz Instructions•10 minutes
3 assignments•Total 90 minutes
Equations: Practice Exercises•30 minutes
Equations: Summative Exercises•30 minutes
Week 1: End of Week Quiz•30 minutes
Functions
Module 2•2 hours to complete
Module details
Functions are important in every area of pure and applied mathematics, including mathematics applied to economics, finance and business. For example, the language of economic analysis is full of terms like demand and supply functions, cost functions, production functions, consumption functions, and so on. This week, we will present a discussion of functions of one real variable, illustrated by some economic examples. Remember- one variable is a function of another if the first variable depends upon the second.
What's included
20 videos2 assignments
Show info about module content
20 videos•Total 81 minutes
Functions- An Introduction•2 minutes
1. A Function as an Ordered Pair of Elements•5 minutes
2. Relations and Functions•5 minutes
3. Types of Function•8 minutes
4. Levels of Generality•4 minutes
5: The Domain of a Function•5 minutes
5.1: Graphing an Equation•7 minutes
6. Linear Functions•5 minutes
6.1 Mapping Linear Functions•4 minutes
6.2 Linear Functions: Examples•10 minutes
7. Quadratic Functions•4 minutes
8. Cubic Functions•3 minutes
Functions Summary•3 minutes
1.1. The Exponential Functions•2 minutes
1.2. The Nature of Exponential Functions•1 minute
1.3. Simple Exponential Functions•3 minutes
1.4. The Graph•2 minutes
2.1. Logarithmic Functions•3 minutes
2.2. Log Functions and Exponential Functions•2 minutes
2.3 The Graphical Form•2 minutes
2 assignments•Total 60 minutes
Summative Questions•30 minutes
End of Week Quiz•30 minutes
Derivatives
Module 3•3 hours to complete
Module details
An important topic in many scientific disciplines- including economics- is the study of how quickly quantities change. The concept used to describe the rate of change of a function is known as the derivative. In this lecture, we will define the derivative of a function, and share some of the important rules for calculating it.
What's included
21 videos2 assignments
Show info about module content
21 videos•Total 99 minutes
Lecture: Derivatives - An Introduction•4 minutes
1. Slopes of Curves•3 minutes
2. The Geometrical Interpretation of Tangents and Derivatives•2 minutes
3. Increasing and Decreasing Functions•2 minutes
4. Derivatives as a Rate of Change•3 minutes
5. Continuity•1 minute
6. Simple Rules of Differentiation•2 minutes
6.1. The Derivative of a Constant Function•1 minute
6.2. The Graphical Representation of the Rule•2 minutes
6.3. Examples•3 minutes
6.3.1 Derivatives: Examples, Part 1•10 minutes
6.3.2 Derivatives: Examples, Part 2•11 minutes
6.3.3 Derivatives: Examples, Part 3•7 minutes
6.4. The Power Rule•5 minutes
6.5. Sum and Difference•3 minutes
7. The Product Rule•9 minutes
7.2 Matrices•15 minutes
8. The Quotient Rule•3 minutes
9. The Chain Rule•6 minutes
10. Higher Order Derivatives•2 minutes
Lecture: Derivatives - Summary•4 minutes
2 assignments•Total 60 minutes
Summative Questions•30 minutes
End of Week Quiz•30 minutes
Matrices
Module 4•2 hours to complete
Module details
The analysis and even the comprehension of systems of linear equations is much easier when we use key mathematic concepts such as matrices, vectors, and determinants. This week, we’ll introduce these concepts and explain their application to economic models
What's included
16 videos3 assignments
Show info about module content
16 videos•Total 43 minutes
Matrices - An Introduction•3 minutes
1. What Is A Matrix?•5 minutes
2. The Square Matrix•2 minutes
3. Matrix Operations•1 minute
3.1. Addition•4 minutes
3.2. Subtraction•1 minute
3.3. Scalar Multiplication•2 minutes
3.4. Multiplication of Matrices•4 minutes
3.5. Multiplication Procedure•4 minutes
3.6. General Rules for Matrix Addition and Multiplication by Scalars•1 minute
4. The Inverse•3 minutes
5. The Transpose•3 minutes
6. Identity Matrix•3 minutes
6.1. Properties of the Identity Matrix•2 minutes
7. Linear Systems of Equation•4 minutes
Matrices | Summary•3 minutes
3 assignments•Total 90 minutes
Summative Questions•30 minutes
End of Week Quiz•30 minutes
End of Course Quiz•30 minutes
Earn a career certificate
Add this credential to your LinkedIn profile, resume, or CV. Share it on social media and in your performance review.
Instructor
Instructor ratings
Instructor ratings
We asked all learners to give feedback on our instructors based on the quality of their teaching style.
The University of London is a federal University which includes 17 world leading Colleges. With extensive experience in distance learning since 1858, University of London has enriched the lives of thousands of students, delivering high quality degrees across the globe. Today, University of London is a global leader in flexible study, offering degree programmes to over 45,000 students in over 190 countries, delivering world-leading research across the world. To find out more about University of London, visit www.london.ac.uk
When will I have access to the lectures and assignments?
To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.