Mathematical Economics

Many processes in economic life can only be recorded or mapped using mathematics. Models for financial markets or operational processes or the pricing of options are based on mathematical approaches. The course combines mathematics with computer science and economics. The task of business mathematicians is to model economic problems mathematically and then to solve them.

The bachelor's program in Business Mathematics offers you a course in mathematics with a special focus on applications in economics. Larger areas of economics and the basics of practical computer science are integrated into the course.

Many processes in economic life can only be recorded and quantified using mathematical approaches. This includes not only the description of economic activity using statistical methods, but also specific models for financial markets or business processes. Typical examples are the problem of finding the optimal route for a traveling salesman, coordinating the timetable of a transport company, or pricing options. To formulate such and similar problems exactly and then to solve them, often with the help of a computer, is the subject of business mathematics.

The course provides you with solid knowledge of basic theories and conceptualizations in mathematics and practical computer science as well as broad knowledge of economics. In addition, you will learn how to apply mathematical models to typical issues in business administration and economics.

The mathematical subjects make up around 60% of the course, computer science between 10% and 15% and economics between 25% and 30%, depending on the individual design. In the advanced mathematical courses, the focus is on areas that are particularly relevant for applications in business and economics. An important part of the course is an external internship in which you gain experience in a company.