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# BUSINESS MATHEMATICS Course code: Pre requisite: Credit Hours: Asc 162 Asc 161 Basic Mathematics 3

Course objectives:

The main objective of this course is to teach students some advance mathematical concepts along with their applications. Students will learn how to apply an appropriate mathematical procedure / tool to solve a problem and how to perform proper mathematical analysis.

Text Book: 1.

Mirza Muhammad Hassan: Business Mathematics, 3rd Edition

Course Contents:

Chapter 5 Equations 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. Simple equation Basic Concept Operations on an equation Statement problems Simultaneous Equations Equations with three unknowns Statement problems in two unknowns. Quadratic Equations Solution by factorization Solution by Quadratic Formula Problem set-5

Topics:

5. 5. 2.III 1. Effective rate of Interest 6. 2. Compound amount formula 3.II 1. Percentage mark up Simple interest and present value Simple Discount Discounting negotiable instruments Equivalent values of different debts and their payments Topics: Chapter 10 Mathematics of Finance . 2. 3. Number of Periods and the interest rate. 2.I 1. 3. Equivalent rates 7. 4. 4. Definitions of Compound amount and Compound interest.Chapter 6 Graph of Algebraic functions 1. Definitions Formula for sum of annuity Illustration of the formula Use of annuity tables Topics: . Rectangular coordinates Graph of an equation General equation of a straight line Application of Graph in determining break even point Topics: Chapter 9 Mathematics of Finance . 4. 4. Use of compound interest tables. 3. Depreciation by reducing balance Topics: Chapter 11 Mathematics of Finance .

limits. 3. 17.5. Introduction to derivatives. 2. Product of two or more functions 9. Quotient of two functions 10. Graphical illustration of derivative. 13. 12. the concept of rate of change. functions. 6. Annuity due Perpetuity Chapter 14 Differential Calculus 1. 7. 16. 9. 8. a. Chain rule 11. 8. Derivative of a constant 6. b. Interpretation of a derivative. Derivative of two or more functions 7. 15. Marginal Analysis and derivatives Topics: . Second derivative 12. 14. Differentiation of logarithmic and exponential functions. 4. 11. Derivative xn 5. Finding R when S is known Finding N when S is known Finding I when S is known Sinking fund for repayment of debt Depreciation by sinking fund method Present value of annuity Formula for present value Finding R when P is known Finding N when P is known Amortization of debt Depreciation by annuity method Evaluation of capital expenditure projects Other types of annuities. 10.

Maxima and minima of a function 14. 2. minima and point of Inflection. 6. 2. Method of determination of maxima. Application of Maxima and minima. 4. Anti Derivatives Integration Formulas Integration by change of variable Application of Integration Definite integral Applications of Definite integral Topics: Recommended Books: 1. Introduction to partial derivative. 3. 15. Production units resulting in minimum cost. Maximization of profit Most economical order quantity 16. Chapter 15 Integral Calculus 1. Division of Marks Mid-Semester: Final-Semester: Quizzes: Attendance: 30 50 06 04 Research assignments and its presentations: 10 . ii. 3. 5. Frank S. iii. Economics and Social Sciences. i. 17.13. Aplha Chiang: Mathematical Economics Bowen: Mathematics with application Management and Economics. Maxima or Minima for functions of two variables. Budnick : Application of Mathematics for Business.

Rectangular coordinates 2. Simple interest and present value 3. Quadratic Equations Solution by factorization Solution by Quadratic Formula • • • • • Case Study Quiz Assignment Presentation Group Discussion • • • • • Case Study Quiz Assignment Presentation Group Discussion 5. Application of Graph in determining break even point 1. General equation of a straight line 3 4. . 6. Graph of an equation 3. 5.SEMESTER PLAN SUBJECT: Business Mathematics PROGRAM: BBA SEMESTER: 2nd TEXT BOOK: Title: Business Mathematics Author: Mizra Muhammad Hassan Edition: 3rd SUPPLEMENTED BY LECTU RE 1. Percentage mark up 2. Problem set-5 1. Simple Discount 4 • • • • • Case Study Quiz Assignment Presentation Group Discussion • • • • • Case Study Quiz Assignment Presentation Group Discussion . 2 4. TOPIC TO BE DISCUSSED Simple equation Basic Concept Operations on an equation Statement problems Simultaneous Equations Equations with three unknowns Statement problems in two unknowns. 2. 3. 2. 1. 1 4. 3.

Number of Periods and the interest rate. 19. Equivalent values of different debts and their payments 5 1. 4. Formula for sum of • • • • • Case Study Quiz Assignment Presentation Group Discussion • • • • • Case Study Quiz Assignment Presentation Group Discussion • • • • • Case Study Quiz Assignment Presentation Group Discussion • • • • • Case Study Quiz Assignment Presentation Group Discussion MID-TERM EXAMINATION . Depreciation by reducing balance 7 18. formula 21. Discounting negotiable instruments 2. Illustration of the 1. 4. annuity 8 20. Effective rate of Interest 1. Definitions 2.1. Use of compound interest tables. Compound amount formula 6 3. 5. 2. Use of annuity tables 3. Definitions of Compound amount and Compound interest. Equivalent rates 2.

2. Finding N when S is known 3. 7. 4. Formula for present value 10 4. limits. 5. Sinking fund for repayment of debt • • • • • Case Study Quiz Assignment Presentation Group Discussion 1. 6. Finding R when S is known 2. Derivative xn Derivative of a constant Derivative of two or more functions Differentiation of logarithmic and • • • • • Case Study Quiz Assignment Presentation Group Discussion • • • • • Case Study Quiz Assignment Presentation Group Discussion • • • • • Case Study Quiz Assignment Presentation Group Discussion exponential functions. . Other types of annuities. Depreciation by annuity method 3.1. Interpretation of a derivative. Graphical illustration of derivative. 12 3. Perpetuity 1. Depreciation by sinking fund method 2. Annuity due b. functions. a. Finding N when P is known 1. Introduction to derivatives. Present value of annuity 3. Evaluation of capital expenditure projects 11 4. Finding R when P is known 5. Amortization of debt 2. the concept of rate of change. Finding I when S is known 9 4.

Method of determination of maxima. Maxima or Minima for functions of two variables. Anti Derivatives 2. Definite integral 3. Production units resulting in minimum cost. 4. 13 5. Introduction to partial derivative. Integration Formulas 3. Most economical order quantity 5. Maximization of profit 14 4. 1. 6. 3. Product of two or more functions Quotient of two functions Chain rule Second derivative Maxima and minima of a function • • • • • Marginal Analysis and derivatives Case Study Quiz Assignment Presentation Group Discussion 7. 6. 3. 2. Applications of Definite integral 16 • • • • • Case Study Quiz Assignment Presentation Group Discussion FINAL SEMESTER EXAMINATION . Application of Maxima and minima. 2. Application of Integration 2. Integration by change of variable 15 • • • • • Case Study Quiz Assignment Presentation Group Discussion • • • • • Case Study Quiz Assignment Presentation Group Discussion 1.1. minima and point of Inflection. 1.