Course Code :


Title :

Mathematics for Business

Type/Status :


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 : Fundamental concepts of algebra; Mathematical operations, Factors, Indices.  Equations; Simple, Simultaneous, Quadratic and simultaneous quadratic, Demand functions, Supply functions, Revenue functions, Binomial theorem, Logarithms. Series; Arithmetic and geometric series, Analytical geometry; Slope, Intercept, Equation of a straight line. Equations of simple curves; Permutations and combinations, Sets and their applications. Calculus; Functions, Limits, Differentiations of simple functions, Rate of change, Turning points, Maxima and minima, Graphs, Integration and its applications. Matrix algebra; Mathematics of finance.

Method of Teaching & Learning:

Lectures and Tutorials

Scheme of Evaluation:

End semester examination, Assignments and Tests. The weights given to each component of the evaluation method is announced at the commencement of the module.

Recommended Readings: Dansby, R. L. (2000). Business Mathematics Essentials. Prentice Hall.

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

Ernest , J. F. (2004). Business Mathematics (5th ed.). McGraw Hill.

Kaplan, A., Debold, C., & Rogalski, S. (2004). A Mathematics Handbook (1st ed.). Great Source Education Group.