Business Mathematics

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Department of Management Sciences

Business Mathematics

Course Code MT-104

Fall Semester 2014

Instructor:

Sania Hameedan, Lecturer, Management Sciences Department

Email: sania.hameedan

@abasyn.edu.pk

Course Description

Throughout the course, the student will be able to manipulate formulas to obtain a solution to a problem depending on what is unknown in business

Intended Learning Outcomes

At the end of this course, students should be able to:

1.

Understand the Basic Concept of Mathematics, be able to understand how mathematics is used in business sciences.

2.

Elaborate the knowledge of the students in the other relevant fields of management sciences.

Teaching Methodology and Examination:

The course will mix lectures, quizzes, assignments, and presentation from students and discussions. The course would equip the student with both theory and practice of Human

Resource Management. Mid-term and final term paper will be in written format.

Class Policy

1.

All students must reach the classroom in time.

2.

Students failing to secure 75% attendance shall not be allowed to sit in the Final

Examination.

3.

Students, who are absent on the announcement date of assignment/ test or any other activity, must get the topic/ chapter of the test/ assignment/ or any other activity confirmed through their peers.

4.

Assignment submission deadline must be observed. In case of late submission, the assignment will be marked 10% less out of total marks.

5.

Mobile phones should be switched-off or maybe put on silent mode in the classroom.

6.

Course-books and relevant course-material is available in the Library for reference and photocopying.

Main Text Book:

1 Business Mathmatics, Mirza mohammad hasan and muhammad Ali MIrza

2 Mansfield, E., Statistics for Business & Economics: Methods and

Applications

3 Calculus 10 th

Edition, Thomas Finney.

Major Examinations in the course :

MidTerm: Week no. 8

Final Exam: Week No. 16. According to the university schedule

Assignment

A Major assignment covering all different topics in Human Resource Management will be provided to the students. The weightage for the assignment is 10%. Late assignments will be penalized. The assignments shall be hand written.

Provision of Assignment

Review of Draft Assignments

Week 3

Week 12

Submission of Final Assignment Week 15

Presentations

Each student will be required to present different topics. Students will be notified in advance about the topic and date of their presentation. Each student will make at least 2 presentation. The presentations will account for 5% of the total marks. Student need to be well prepared for their presentations in order to achieve maximum marks.

Marks Distribution:

Mid Term

Assignments and Presentation

25%

10%

Quizzes

Final Exam

15%

50%

---------------------------------------------------------------

Total 100%

Plan/Calendar for Quizzes, Presentations during the course

There will be a quiz in each class, in total for 14/15 weeks of study there will be same number of quizzes. Students are advised not to miss the class. The quiz will comprise of what is being taught in the class. Presentations schedule will be provided during the course of the study.

S.No

Topics to be Covered

1

2

3

4

5

6

SET THEORY AND SYSTEM OF LINEAR EQUATIONS

Set Theory Types of sets Methods of Representing sets Venn

Diagram System of Linear Equations and its Applications Solution of Linear system of equations as well as solution by graphically method Sets and properties of sets Assignment # 1

Slopes,distance between two points graphical understanding

Rate Ratio P roportion Percentage Interest D epreciation and fraction Pie chart bar chart and word problems Real number and real line Solution of linear equations involving one and two variables and presenting them in real line Mathematical concepts in

Business Assignment # 2

MATRICES Introduction of matrices, Addition, subtraction multiplication of matrices Inverse of matrices and linear solution

Exponents and radicals Solution of linear equations involving more than two variables Introduction to optimization and linear programming

DETERMINANTS

Determinants

Properties of

Determinants

Determinants and

Non Singularity

Special

Determinants

Solution of Linear

Equations by

Determinants

Permutation, Combination And Binomial theorem Permutation

Introduction Permutations- taken all at a time Permutations- a definite number taken at a time Permutations- group of similar objects Circular Permutation Combination Introduction

Differentiation between permutations and combinations Relation between n C r

and n C n-r

Binomial theorem Formula for binomial expansion Pascal triangle Formula for the general term Assignment

# 3

Mid Term

7 Differential calculus Derivatives Functional notation Interpretation of a derivatives Derivative of x n Derivative of a constant Derivative of sum of two or more functions Derivative of spherical functions ex and log x

Product of two or more functions Quotient of two function

Chain rule Second derivative Partial derivatives Definition

Maxima or minima for function of two variables Assignment #

4Assignment # 5

Week

1&2

Quiz#1

2&3

Quiz#2

3&4

Quiz#3

4&5

6&7

Quiz#4

8

9,10&

11

Quiz#5

Quiz#6

Chapters

8

9

10

Integral calculus Anti derivative Integration formulas

Integration by change of a variable Application of definite integral

Assignment # 6

SYSTEMS OF LINEAR EQUATIONS AND THEIR

APPLICATIONSIntroduction Two variables Systems of Equations.Gauss – Jordan Inversion method Three variable system of equations Gauss-Jordan Inversion method Applications of Linear Equations and Systems of Equations

Revision

11 Final Term Examination

Submitted By: Sania Hameedan

Dated: September 7,2014

HOD/Coordinator: _____________________

12&13

14

Quiz#7

16

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