DETAILED COURSE CONTENT



Course Code :

HDIB 11093


Title :

Business Mathematics


Type/Status :

Compulsory

aaaaaaaaaaaa Aims :
This course module is designed to provide the basic mathematical skills needed to understand, analyze, and solve mathematical problems encountered in business, finance, and in investment decision making.
Learning Outcome : aaaaaaaaaaaaaaaa

By the end of this course unit students should be able to:

  • Identify mathematical tools and techniques which are required in order to tackle and analyze problems in businesses.
  • Apply the basic mathematical methods and further advanced mathematical methods required in the managerial capacity

Course Content : Number System, Types of numbers; Fundamental concepts of algebra, Terms; Mathematical operations; Indices, Laws of Exponents; Factors; Equations; Linear, fractional, Simultaneous, Quadratic and simultaneous quadratic, Applications, Demand functions, Supply functions, Revenue functions; Logarithm; Binomial theorem, Logarithms, Series; Arithmetic Progressions and geometric Progressions, Analytical geometry; Slope, Intercept, Equation of a straight line, Equations of simple curves; Solving the equations graphically; Permutations and combinations, Sets and their applications.

Method of Teaching & Learning:

Lectures, Discussions &self-learning

Scheme of Evaluation:

End semester examination and mid -term test/ Assignments. The weights given to each component of the evaluation method is announced at the commencement of the course unit.

Recommended Readings:

Jerome F. Ernest, (2004), Business Mathematics, 5th    Edition, Mc Graw-Hill

Robert L. Dansby, (2000), Business Mathematics Essentials, Prentice Hall.

Andrew Kaplan,Carol Debold, Susan Rogalski, (2004), A Mathematics Handbook, 1st edition, Great Source   Education Group.