AI1120 Introductory Economics and Quantitative Methods 1.5 credits

1. Financial Mathematics

• Exponents, exponential functions, and logarithms
• Linear and quadratic equations
• Arithmetic and geometric progressions

       B. Introduction to Excel       C. Statistics

• Descriptive statistics – frequency distribution, measures of central tendency and dispersion
• Probability concepts
  • Probability distributions, expected value, variance, and covariance
  • The normal distribution
  • Confidence intervals and hypothesis testing
• Regression analysis
  • Statistical inference using regression analysis
  • Forecasting

        D. Economics

• Demand, Supply, Equilibrium prices and Elasticity
• Short-run and long run production theory
• Short and long-run costs

Perfect Competition & Monopoly

After this course students will be able to:

• Perform calculations in basic financial mathematics and model these in EXCEL
• Perform computations involving statistical inference and regression analysis
• Perform regressions in EXCEL
• Explain and analyse basic microeconomic issues involving
  • Demand and supply
  • Production and costs

Market structure

Extracts from:Brown, G.R., & Matysiak, G.A. (2000). Real Estate Investment – A Capital Market Approach. Financial Times/Prentice-Hall.McEachern, W.A. (2003). Economics, a contemporary introduction. The Wall Street Journal edition. Thomson/ Southwestern.Other resources will be provided in class.

If the course is discontinued, students may request to be examined during the following two academic years.

• NÄR1 - Attendance, 1.5 credits, grading scale: P, F

Based on recommendation from KTH’s coordinator for disabilities, the examiner will decide how to adapt an examination for students with documented disability.

The examiner may apply another examination format when re-examining individual students.

Mats Wilhelmsson

• All members of a group are responsible for the group's work.
• In any assessment, every student shall honestly disclose any help received and sources used.
• In an oral assessment, every student shall be able to present and answer questions about the entire assignment and solution.

This course will be repleaced with Investment Mathematics and Basic Economics, AI2143