MATHEMATICS FOR BUSINESS
Unit Guide
Trimester 1 2019
MAT101 – MATHEMATICS FOR BUSINESS
TRIMESTER 1 2019
About Mathematics For Business (MAT101)
CONTACTS
Unit Instructor
Program Administrator
Nguyen Thi Thu Van
van.nguyen@isb.edu.vn, nttvan_2002@yahoo.com
Vi Do
17 Pham Ngoc Thach Street, District 3, HCM City
Phone: 08 54465555 (Ex: 124)
Email: vi.do@isb.edu.vn
UNIT OVERVIEW
This unit provides a sound, intuitive understanding of the basic concepts students need as
they pursue careers in business, economics, and in the life and social sciences. Topics
include calculus, linear algebra, and mathematics of finance.
PRE-REQUISITES
None
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MAT101 – MATHEMATICS FOR BUSINESS
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Assessment Information
UNIT LEARNING OUTCOMES
The table below outlines the unit learning outcomes (ULOs) for this unit. Upon completion
of this unit, students will be able to:
1.
Understand mathematical concepts
2.
Create and develop mathematical computation skills involving calculus, linear algebra, and
finance
3.
Understand and interpret functions as relations quantities in mathematics context: symbolic,
numerical and graphical representations
4.
Develop critical thinking and problem-solving skills that enable students to solve practical
problems in a variety of applied situations
5.
Develop a knowledge base for applications of finance: calculate compound interest,
principal, interest rate; use compound interest to calculate accumulated amount; find the
present value of an investment; calculate the payments of a sinking fund and amortization
schedules; and assess an investment
6.
Model some simple practical problems under the form of mathematical programming. Solve
linear programming using geometric method and simplex method
7.
Apply the course material along with techniques covered in this course to solve business
related problems
8.
Develop special skills and thought processes sufficient to support further study or work in
related units
PROGRAM LEARNING OUTCOMES
In line with its focus on assuring students’ skills in unit learning outcomes 1- 8 above, this
unit is also responsible for introducing/developing/assuring the following program-level
learning outcomes (PLOs):
Knowledge & Application
ASSESSMENT
SUMMARY
1.
Solid understanding
and competency of appropriate application of business disciplinespecific knowledge.
Communication
2.
3.
4.
Competency in professional written and oral communication suited to multiple audiences
and contexts.
Critical thinking
Critical thinking through appropriate observing, analyzing and reasoning, etc.
Problem solving
Effective and constructive problem solving.
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ASSESSMENT ITEM
DUE DATE
VALUE
(%)
LEARNING OUTCOMES
1.
Project assignment (group)
20%
LO 1-8
2.
Class participation & Homework
10%
LO 1-6
3.
Midterm exam (individual)
(60 minutes)
Session 8
20%
LO 1-5
5.
Final exam (Individual) (90
minutes)
TBA
50%
LO 1-8
Final marks and grades are subject to confirmation by the School Assessment Committees
which may scale, modify or otherwise amend the marks and grades for the unit, as may be
required by University policies.
 Note: To successfully complete this unit, students must:



Achieve a minimum of 50 marks;
Complete all assessment items (including making a satisfactory contribution to group
work); and
Attend 80 per cent of class time. See attendance requirements in the section of class
policies and rules below.
Assessment 1: Project assignment (group) (20%)
Due: Ongoing throughout the duration of the course.
Length: The projects will be given 3 weeks before the deadline.

The project will be a practical problem involving the topics that students will have
learned. We encourage students work in teams (maximum of 5 students per a
project).
Marking criteria and standards
The marking is based on group presentations in which estimation results and interpretations
or explanations are provided, with the weight indicated in the assignment.
Assessment 2: Class participation & Homework (10%)
Due: Ongoing throughout the duration of the course.
Length: Homework will be given at the end of each lesson.

Class participation includes coming to class prepared and on time, having read the
material for that day, taking part in short tests and class discussions (this involves
listening/reading as well as writing/speaking and completing all in-class activities),
asking questions, contributing your knowledge and insights in whatever form is
appropriate, and striving to make all your contributions excellent. It also includes
doing the required reading and writing for each class.
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MAT101 – MATHEMATICS FOR BUSINESS
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
Students will be chosen randomly to the board to present their works at each
beginning or ending of each lesson.
Marking criteria and standards
Student should demonstrate full knowledge by answering all questions with explanations and
elaboration.
Assessment 3: Midterm exam (20%)
Due: Session 8
Length: 60 minutes

The content of chapters 1, 2, and 3 will be assessed.
Marking criteria and standards
Student should demonstrate full knowledge by answering all questions with explanations and
elaboration.
Assessment 4: Final exam (Individual) (50%)
Due: TBA
Length: 90 minutes

The final exam will cover all contents of the course and include only essay-based
questions. Students are allowed a scientific calculator and one double-sided sheet of
reference material (size A4 or similar) with their own writing.
Marking criteria and standards
Student should demonstrate full knowledge by answering all questions with explanations and
elaboration.
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MAT101 – MATHEMATICS FOR BUSINESS
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Teaching Activities
LEARNING RESOURCES
Textbook
Haeussler E., Paul R., and Wood R (2014). Introductory Mathematical Analysis for
Business, Economics, and the Life and Social Sciences (13th ed.). Pearson.
Reference
Reading
N/A
ONLINE LEARNING RESOURCES
Information
center of the
textbook
http://highered.mheducation.com/sites/0073521485/student_view0/index.html
E-library
http://search.proquest.com/login
Username: UEHCMC2010
Password: thuvien0810
E-learning
http://elearning.isb.edu.vn/
SCHEDULE OF ACTIVITIES
Session
1
TOPICS
Chapter 0. Getting started
REQUIRED
ASSIGNMENTS/READING
Chap zero and 1
1. Sets
o
What is a set?
o
Operations on sets
o
Some special sets
2. Real numbers
o
Real number line
o
Absolute value - Triangular
inequalities
o
Exponents and Radicals
o
Factorizations worth remembering
o
Newton’s binomial theorem
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MAT101 – MATHEMATICS FOR BUSINESS
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o
Algebraic expressions
o
Equations – Linear equations –
Quadratic equations
o
Applications of
Equations/Inequalities
Some terms that students need to
remember after ending over this
chapter are fixed cost, variable cost,
total cost, total revenue, and profit. In
addition to these, modeling is also an
important term.
Exercices : pages 48, 49,
57(numbered at the top of each
page)
2, 3
Chapter 1. Mathematics of Finance
Chap 5
1. Percentage
2. Sequences and Geometric Series
4, 5
3. Simple Interest and Compound
Interest
Pages 212 + 213
4. Present value
Pages 216 + 217
5. Annuities
Pages 219 + 220
6. Amortization of loans
Page 227 + 228
7. Perpetuities
Pages 231 + 232
Chapter 2. Matrix Algebra
Chap 6
1. Matrices – Operations with matrices
2. Inverse matrix
3. Rank of a matrix
4. Determinant
5. System of linear equations
6, 7
Chapter 3. Linear Programming
Chap 7
1. Geometric method
2. The Simplex method
8
Chapter 4. Functions, Limit, and Continuity
1. Functions
Chap 2 + 3 + 4 + 10
Exercices:
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Page 86: 1 -> 24 + 45 + 46
Page 90: 9 -> 12 and 29 -> 33
Page 106: 21 -> 39
Page 147: 13 -> 26
+ 29 -> 33
89
2. Limits
Exercices: pages 467 + 468
3. Continuity
Exercices: page 481 + 482
4. Functional models
Here are some business terms
students need to remember : demand
function, supply function, revenue
function, cost function, profit function
Chapter 5. Differentiation: Basic Concepts
Chap 11 + 12 + 13
1. Two central problems: tangent
problem and velocity problem
2. Derivative
Page 507
3. Applications of Derivatives
Page 590

Curve sketching

Absolute extrema on a closed interval

Concavity
4. Applications to Economics
10

Rates of change

Related rates

Marginal Analysis

Point of Diminishing returns

Price Elasticity of Demand
Page 587: 53—64
Page 596: 35—62
Page 599
Pages: 516, 517, 533, 535, 536, 555
After studying this chapter students
should be able to solve exercises in
pages from 616 to 620
11, 12
Chapter 6. Partial differentiation
Chap 17
1. Partial derivatives
2. Unconstrained optimization problems
Page 775
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3. Lagrange multiplier
Page 783
4. Applications to economics
13, 14
Chapter 7. Integration
Chap 14 + 15
1. Area of a flat region – Definite integrals
2. Integration by changing variables
and integration by parts
3. Improper integration
4. Applications to economics
15
Page 683+ 686
Review
Tutorials
Tutorials following the lecture in each session provide students the opportunity to apply and
share knowledge by doing a variety of in-class activities individually or in group such as
exercises, discussion, and presentation. These activities focus on demonstrating your skills
and help you build your ability to achieve the learning outcomes for this unit.
Tutorial questions/exercises will be provided in class.You will be expected to have completed
specific reading and exercises from the textbook and other required materials prior to
attending each lecture and tutorial class. If you have not prepared adequately, you will not
get the full benefit from this learning opportunity.
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General Information & Policy
Referencing
Plagiarism
Student assignments are to contain original content created by the students. Assignments
will be rejected if they include plagiarised content or contain excessive amounts of
quoted/cited material and minimal original content. Students will receive a grade of ZERO
(0%) for any assignments rejected for this reason. Written assignments WILL BE checked
by the lecturer with Turnitin.com, an online plagiarism-checking tool.
Sources
Furthermore, your reference to support your statements must be from a reliable source,
such as textbooks, additional reading materials, and reference books. However, many
websites are not reliable sources. Examples are Wikipedia.org, about.com, and ask.com. If
you are not sure if a reference is acceptable or not, please contact the lecturer.
Referencing & Citation
The Publication Manual of the American Psychological Association (APA) 6th ed., will
serve as the primary reference materials for all students. Therefore, all papers must be
submitted in APA format. The mechanics of student papers and work will be evaluated, as
well as the content.
Submission
Assignment cover sheet


All assignments are required to be submitted with an Assignment Cover Sheet.
Group assignments are to be submitted with a Group Assignment Cover Sheet as
well as a Peer Evaluation Form depending on the request of unit instructor.
Non-contributing team members can sometimes be an issue with group-work structured
assessment. Individual student group work scores may be adjusted as a result of peer
dissatisfaction with a particular student’s contribution to group work assignments, as
reflected in submissions of the evaluation form.
Note:


Assignment cover sheets and the evaluation form can be located on MyISB system
Students are advised to keep a copy of all assignments submitted for marking.
Submission style
Assignments are expected to achieve a professional standard:


Be typed, one and a half spaced, on A4 paper
Use a simple clear format, suitable for a report to senior management in a commercial
organisation.
Submission method
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Soft copy: submitted electronically via E-learning system by 11:55 PM on the due date
(Suggested title: Student name_Unitname_Name of Assignment).
Hard copy: submitted to ISB Submission Box at the Reception Area (17 Pham Ngoc
Thach) by the due date.
Late assignment and make-up policy
No late assignments will be accepted unless prior authorisation granted by the Academic
Department based on a Special Consideration Application for assessment task extension.
Students must complete all assessments on the assigned dates including quizzes, midterm test, and final exam. If there are extenuating or unforeseen circumstances, students
must follow the school’s policies and procedures accordingly.
Attendance
Students are required to attend a minimum of 80% of all classes (which normally 12/15
sessions).
Other cases equating to an absence:



Arriving to class late by 15 minutes at the beginning,
Arriving late by 5 minutes after the break
Leaving prior to the scheduled end time without the permission of the lecturer
If you are unable to attend any session, please let your lecturer know AND submit a
request for absence form to program administrator prior to the session.
 IMPORTANT: Students will not be allowed to sit in the final examination if violating the
above absence rule.
Electronic device use





Cell phones will be turned off or switched to vibrate mode before class starts.
No phone calls or text messaging are allowed inside classroom during class time.
Portable listening and/or music devices may not be operated in the classroom.
Headphones and/or ear buds of any type may not be worn while in the classroom
whether operating or not.
Laptop and other electronic devices are not permitted unless specifically
authorised by the lecturer exclusively for note taking and doing class work.
 IMPORTANT: If you are in violation of these policies you will be excused from class
and an absence will be assessed.
Email etiquette
Your lecturers receive many emails each day. In order to enable them to respond to your
emails appropriately and in a timely fashion, students are asked to follow basic
requirements of professional communication.
Your emails should:
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MAT101 – MATHEMATICS FOR BUSINESS
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


Have a concise and descriptive title, including the class and name of the unit you
are enquiring about
Be clear about the intention of their emails
Use appropriate tone and language, proof-read what is written in the email before
sending it.
Students should also allow 3-4 working days for a response before following up. If the
matter is legitimately urgent, you may indicate “URGENT” in the email subject header.
Make an appointment: If your email request is complex and requires a lengthy response it
may be probably best to make an appointment with your lecturer/instructor to meet in
person.
Student behaviour guidelines
Everyone must behave professionally. Students are expected to demonstrate respect for
teacher and fellow students at all times. Behaviour that is disruptive to a positive learning
environment reported to the teacher will result in a warning on the first instance; the
second instance might result in a failing grade along with expulsion from the school.
Unacceptable behaviors can be:





Cheating on an exam
Collaborating with others on work to be presented, if contrary to the stated rules of
the course
Submitting, if contrary to the rules of the course, work previously submitted in
another course
Knowingly and intentionally assisting another student in any of the above actions,
including assistance in an arrangement whereby work, classroom performance,
examination, or other activity is submitted or performed by a person other than the
student under whose name the work is submitted or performed
Plagiarising
 IMPORTANT:


First violation will result in a grade ZERO (0%) for that assignment.
Second violation will result in a failing course grade.
Disability support services
Students with disabilities are advised that accommodations and services are available at
UEH-ISB. It is the student's responsibility to contact UEH-ISB office and submit appropriate
documentation prior to receiving such services.
Additional information
This unit guide may be revised at the discretion of the Academic Department with approval
from Program Academic Director and School Academic Committee where appropriate.
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