Book Title: Financial Mathematics in Economics
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Book Description:
This textbook has been customised for the course of Financial Mathematics in Economics SJ34303 at Universiti Malaysia Sabah as well as those seeking financial literacy. It introduces readers to basic concepts in finance that require knowledge of mathematics and economics. The areas to be covered are simple interest and simple discount; compound interest and compound discount; bank discount, trade discount, and cash discount; annuity; and depreciation. Each chapter ends with a review exercise as part of a learning reflection for readers. Finally, reader outcomes include financial applications in work and everyday life.
Contents
Book Information
Book Description
Financial Mathematics in Economics introduces readers to basic concepts in finance that require knowledge of mathematics and economics. The areas to be covered are simple interest and simple discount; compound interest and compound discount; bank discount, trade discount, and cash discount; annuity; and depreciation. Each chapter begins with a learning outcomes section and ends with a review exercise as part of a learning reflection for readers. Finally, reader outcomes include financial applications in work and everyday life.
The book is organised into six chapters and then divided into subchapters by concept or topic. Interestingly, it applies interactive learning aspects to help readers have fun and learn quickly. Manual calculation and derivation of formulas are explained in detail and consistent terminology and notation are adapted in the text to keep continuous understanding throughout the text. Manual calculations are essential for readers to understand the sources of financial change and ultimately achieve money literacy and economic stability.
License
Financial Mathematics in Economics Copyright © 2024 by Sarimah Surianshah is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License, except where otherwise noted.
Subject
Economics, Finance, Business and Management
Metadata
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Financial Mathematics in Economics Copyright © 2024 by Sarimah Surianshah is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License, except where otherwise noted.
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Acknowledgments
This publication is made possible with the support of the Commonwealth of Learning, Canada and Pusat e-Pembelajaran Universiti Malaysia Sabah.
Published by
Pusat e-Pembelajaran,
Aras 5, Blok B, Bangunan Fakulti Komputeran Informatik,
Universiti Malaysia Sabah,
88400 Jalan UMS, Kota Kinabalu Sabah, MalaysiaTel: 088-320 000 (207802)
Email: cel@ums.edu.my