About This Book:

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.

For the Reader

Each chapter in this book begins with learning outcomes and concludes with a concept review that highlights the key topics in the chapter and review exercises. As an interactive book, readers need to interact with the text, where some chapters have interactive videos with supplement assessments to enhance the knowledge sharing outcomes.

Feedbacks

To provide feedback on this book, please contact sarimah.surianshah@ums.edu.my