Quantitative Foundations for International Business

This course is part of International Business Essentials Specialization

Instructor: George Kapetanios

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14,863 already enrolled

4 modules

Gain insight into a topic and learn the fundamentals.

424 reviews

1 week to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

86%

Most learners liked this course

4 modules

Gain insight into a topic and learn the fundamentals.

424 reviews

1 week to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

86%

Most learners liked this course

Skills you'll gain

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Shareable certificate

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Assessments

10 assignments

Taught in English

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This course is part of the International Business Essentials Specialization

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
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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

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: Summative Exercises 30 minutes
Week 1: End of Week Quiz 30 minutes
Equations: Practice Exercises 30 minutes

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

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

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

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

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