Equations- An Introduction

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来自 University of London 的课程

Quantitative Foundations for International Business

164 个评分

University of London

Quantitative Foundations for International Business

164 个评分

课程 3（共 6 门，Specialization International Business Essentials）

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

从本节课中

Equations

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.

Equations- An Introduction3:33

1. Variables, Constants and Parameters6:14

2. The Real Number System6:08

3. Basic Rules7:34

4. Like Terms3:12

5. Translate Phrases into Mathematics6:22

6. Working with Business Formulas5:30

7. Ratio and Proportion6:25

Equations- Summary2:42

与讲师见面

George Kapetanios
Professor of Finance and Econometrics
King's College London

[MUSIC]

Hello everyone and welcome to the first week in the mathematics for

the Quantitative Foundations for International Business MOOC.

This week, we will be discussing equations.

As a preliminary study, it is important to learn some key mathematical

concepts in order to deal with complex financial and business models.

It is true that a financial model is a theoretical construct,

a theoretical framework.

However, we often use mathematics as a suitable tool to work and

analyze those models.

Therefore, if our model is mathematical it will be made up

of some equations designed to describe the structure of the model.

We use mathematical models, which often include one or

more equations, whose solution determines

the magnitudes of some variables we would like to understand better.

For example, when analyzing economic data, such as, for

example, inflation and interest rates.

We may wish to understand how change interest rates will affect inflation.

Then, we need to construct a model with describes the behavior of inflation when

interest rates change such a model is made up of equations that relate inflation and

other microeconomics variables to the interest rates.

By relating a number of variables to one another in certain ways, such equations

give mathematical form to the set of analytical assumptions we have chosen.

Then, through the application of the relevant mathematical equations

to these equations, we derive a set of conclusions.

These conclusions, follow from the assumptions we made first.

It may appear difficult, to begin with.

To deal with expressions that involves several variables,

with a large variety of names, denoted by different letters.

In order to deal with economic business and financial studies, however,

it is very important to be able to handle such algebraic expressions and

equations with es.

With this in mind, this first week provides some basic concepts in equations,

with the aim of learning the basic terminology and

the basic rules to solve equations that require more than one operation.

To begin with, we study variables, constants, and parameters and

then we introduce equations and identities.

After these basic concepts, we'll learn how to solve equations.

And then we started some application so far equations, to business formulas.

The lecture is finishing by discussing ratios and proportions.

The skills yo will acquire will form the basic understanding of how to

deal with practical problems.

Translate them into mathematical expressions and

use standard business formulas to.

Thank you very much.

[MUSIC]

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