B math

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Business Mathemetics

B math

© All Rights Reserved

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D.I Khan, Peshawar Khyber Pakhtunkhwa, Pakistan.

Course Code MTH300

Semester First

Credit Hours 03

Total Weeks 16/18

Total Hours 48/54

Total Marks 100

Pre-requisite None

Course Objectives

The purpose of the course is to provide the student with a mathematical basis for personal and

business financial decisions through eight instructional modules.

The course stresses business applications using arithmetic, algebra, and ratio-proportion and

graphing. Applications include payroll, cost-volume-profit analysis and merchandising

mathematics.

The course also includes Statistical Representation of Data, Correlation, Time Series and

Exponential Smoothing, Elementary Probability and Probability Distributions. This course

stresses logical reasoning and problem solving skills.

Grading Criteria

Distribution Weight

Mid Term 20

Final Term 70

Total 100

Recommended Books

Business Mathematics by Mirza by Mohammad Hassan and Mohammad Ali Mirza 3rd Edition.

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WEEK WISE BREAKDOWN

Week Description

Basic Algebra

Basic algebraic operations

1

Factorization of algebraic factions

Algebraic factions

Set

Definition of set

Forms of set

2

Operation of set

Kinds of sets

Diagrammatic representation of set

Equations

Simple equation and its solution

Simultaneous equations

3

Solution of two equations in two unknowns

Solution of three equations in three unknowns

Solution of two equations in three unknowns

Quadratic equations

Solution of quadratic equations by

4 Factorization

By completing the square

Solution by quadratic formula

Sequences & Series

What do mean by sequence & series

5&6 Arithmetic & Geometric sequence/series

General term of Arithmetic & Geometric sequence/series

Practical questions

Derivatives

7 Definition and concept of derivative

Rules of differentiation

2nd order derivatives

8

Marginal analysis and derivatives

Two Assignments + Two Test Mid Term Exam

9 Maxima, minima and point of inflection

Application of maxima, and minima in business

10

Cost minimization

Profit maximization

11

Most economical order quantity

Integration

Definition and basic concept of integral

12 Rules of integration of integration formulas.

Integration by change of variable application of integrals.

Evaluation of definite integrals and application of definite integrals

13 Mathematics of Finance–1

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Percentage mark up

Simple interest & percentage value

Simple discount

Mathematics of Finance- 2

Compound interest

14

Compound amount

Depreciation by reducing Balance method

Mathematics of Finance- 3

Annuities

15&16 Formula for sum of annuities

Sinking fund for repayment of Debt.

Amortization of debt.

Two Assignments + Two Test+ Presentation Final Term

Learning Outcomes:

Define basic terms in the areas of business calculus and financial mathematics.

Explain basic methods of business calculus, types of different equations helpful for business

administration and their basic applications in practice.

Solve problems in the areas of business calculus, simple and compound interest account, use of

compound interest account, loan and consumer credit.

Connect acquired knowledge and skills with practical problems in economic practice.

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