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COURSE OUTLINE

BUSINESS MATHEMATICS

Course code: MS 101

Credit units: 3 units

Instructor: Ijaz Ali

Office: Department of Management Sciences and Humanities, ES

Building GIK

Course Description

Business Mathematics presents math skills and knowledge that students can apply to solve

financial problems. The course provides step-by-step guidance through sample problems and

solutions related to banking, credit, basic finance and investment. Students will also gain an

understanding of financial instruments and terminology used in business finance such as

compound interest, annuities and promissory notes. The course will cover topics like:

elements of Algebra; functions and their graphs; ratios, proportions and percentages; interest

and annuities; differentiation, optimization, and integration.

Course Objectives

The course of Business Mathematics is designed to introduce students to the basic

mathematical skills you will need to understand, analyze, and solve mathematical problems

encountered in business and finance, and in investment decision making.

1. Apply arithmetic and algebraic skills to everyday business problems

2. Use ratio, proportion and percent in the solution of business problems.

3. Solve business problems involving commercial discount, markup, markdown, and annuities.

4. Solve equations graphically and algebraically and apply to cost volume profit analysis.

5. Provide an understanding of the derivative, including its computation and interpretation.

6. Introduce the nature and methods of integral calculus.

Recommended Books

1. Cheryl Cleaves, Business Maths, Pearson (Ninth Edition)

2. Budnick, Mathematics for Business Economics and Social Science

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Class Requirements

Class attendance and participation.

Students are expected to attend the class on a regular basis, faithfully complete all assignmentsand readings on the dates assigned, and actively participate in class activities and discussions.

Your grade on class participation is something to be earned via consistent contribution to class

discussion. You should, therefore, make conscientious efforts to be sufficiently prepared to the

class discussions. The responsibility for making the learning process succeed is yours. The

faculty requires students to attend at minimum 80% of the scheduled class sessions. Attendance

that is less than this requirement will make you not eligible for obtaining the grade.

Evaluation

Class participation and Attendance : 5%

Group assignments: 10%

Quizzes: 10%

Mid Term: 35%

Final: 40%

Total: 100%

Discussion Topics

1 Basic Arithmetic

2 Basic Algebra

3 Sets

4 Equations

5 Functions

6 Banking

7 Simple interest, Compound Interest, Future value, and Present value

8 Annuities

9 Matrices and Determinants

10 Differentiation

11 Optimization: Methodology and Applications

12 Integral calculus: Introduction and Applications

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Functions