Format No. QSP/7.1/01.

F01 (B)

Issue No.04 Rev. No 4 Dated: June 7, 2014

UNIVERSITY OF PETROLEUM & ENERGY STUDIES

College of Engineering Studies
Dehradun
COURSE PLAN

Programme : BBA., LLB (Hons) Corporate Law and B.Com., LLB (Hons)

Subject : Business Mathematics

Semester : I
Session : July 2015 to Dec. 2015
Batch : 2015 -20
Subject Code : BBCQ 121

No. of credits : 3
Prepared by : Dr. Anuj Kumar

Email : anujkumar@ddn.upes.ac.in
Approved By

_______________________ _______________________
HOD Dean

UPES Campus Tel: +91-135-2770137

“Energy Acres” Fax: +91 135- 27760904
P.O. Bidholi, Via Prem Nagar Website: www.upes.ac.in
Dehradun -248 007 (U K)
 COURSE PLAN
Subject: Business Mathematics

Duration: July 2015-December-2015 Subject code: BBCQ 121

A. OBJECTIVES:

1. To understand the basic concepts of Mathematics.

2. To have a proper understanding of mathematical applications in Economics, Finance,
Commerce and Management

B. COURSE OUTLINE

MODULE 1: Matrices

Introduction of matrices, types of matrices, Algebra of matrices, transpose of a matrix,

properties of a transpose matrix, determinants, singular and non-singular matrix, inverse of a
matrix by adjoint matrix method, inverse of a matrix by elementary row transformations, rank of
a matrix, solution of system of linear equations by Cramer’s rule and Guass-Jordan method.

MODULE 2: Permutation and Combination

Permutation, combination, applied questions on permutation and combination.

MODULE 3: Differential Calculus

Introduction of functions, limits, continuity, derivative of functions using first principle

method, differentiation of product of two functions, differentiation of quotient of two
functions, differentiation of Logarithmic functions, differentiation by chain rule,
differentiation of implicit function, second and higher order derivatives, maxima and
minima.

MODULE 4: Integral Calculus

Methods of integration using basic formulas, integration by substitution, integration by parts,

integration by partial fraction and definite integral.
MODULE 5: AP and GP Series

General sum of first 𝑛𝑡ℎ terms, To find the 𝑛𝑡ℎ term of a AP and GP series, Applied
questions on AP and GP series

MODULE 6: Applications of all Modules in Economics

Matrices: Markov brand switching Model, Two commodity market equilibrium national income
model input-output analysis.

Differentiation: Applied questions on rate of growth and decay elasticity of a function.

Demand function: Price demand, price elasticity of demand, income demand and income
elasticity of demand, cross demand and cross elasticity of demand

Law of supply: Elasticity of supply

Revenue function: Short-run production function, short-run cost function, relation between
marginal product and marginal cost

Maximization of Revenue: Maximization of tax revenue, maximization of output, maximization of

total revenue minimization of cost, reality placement model, inventory model

Maximization of profit: Effect of a specific tax on equilibrium output or price, maximization of tax
revenue, profit maximization of by a firm under perfect competition, break-even point, supply curve
of a firm under, perfect competition, maximization of by a monopoly firm profit maximizing, levels of
Inputs, optimal holding time

C.PEDAGOGY

Interactive approach during the study. (Students are supposed to come prepared for
the topics for discussion in the class / Presentations / Viva-voce), randomly any
student can be called on the board to solve the problems.

Work in small groups for Group Projects and personalized teaching

 (Student counseling, mentoring and individual/ group projects/ assignments, exercises
using Solver and excel etc.)

 Presentations (Paper/Group Project)

 Group Projects (may include practical assignments)
 Chalk and talk
 Random Questioning

D. COURSE COMPLETION PLAN

Sessions: 3 (lectures of 1 hour each) for a 3 credit course

Total hours per week: 3 hours per week
Total hours in semester: 40 hours
E. EVALUATION & GRADING

Description Weight age Schedule

1. Continuous Assessment 30% Detailed Below

2. Mid-term Exam 20% Academic Calendar

3. End term Exam 50% Academic Calendar

Internal Assessment: Marks 100 (shall be done based on the following 3 components):

1. Continuous Assessment: 30% Weightage

Continuous Assessment: (Marks 100 - converted to 30- ) shall be done based on the following 4
components:
a. class tests/snap-test/quiz 40 Marks
b. Assignments 20 Marks
c. Subject grand viva 20 Marks
d. Attendance 20 Marks

Formula for attendance marks:

67-75 % 0 Marks
75-80% 5 Marks
80-85% 10 Marks
85-90% 15 Marks
90%-100% 20 Marks
2. Mid- Sem Examination: 20% Weightage

Mid- Sem examination shall be of two hour duration and shall be a combination of
objective, short theory questions and numerical problems.

3. End -Sem Examination: 50% Weightage

End-Sem examination shall be of three hours duration. The examination paper shall have
objective & theory questions, short and long numerical problems.

Passing Criterion: minimum 40% of the highest marks in the class

Student has to secure minimum 40% marks of the “highest marks in the class scored
by a student in that subject (in that class/group class)” individually in both the ‘End-
Semester examination’ and ‘Total Marks’ in order to pass in that paper.

Attendance

Students are required to have minimum attendance of 75% in each subject. Students with
less than said percentage shall NOT be allowed to appear in the end semester examination.
The student obtaining 100% attendance would be given 5% bonus marks for internal
assessment.

Cell Phones and other Electronic Communication Devices: Cell phones and other
electronic communication devices (such as Blackberries/Laptops) are not permitted in
classes during Tests or the Mid/Final Examination. Such devices MUST be turned off in the
class room.

E-Mail and LMS: Each student in the class should have an e-mail id and a pass word to
access the LMS system regularly. Regularly, important information – Date of conducting
class tests, guest lectures, syndicate sessions etc. to the class will be transmitted via e-
mail/LMS. The best way to arrange meetings with us or ask specific questions is by email
and prior appointment. All the assignments preferably should be uploaded on LMS. Various
research papers/reference material will be mailed/uploaded on LMS time to time.

F. DETAILED SESSION PLAN:

Session Topic Suggested Reading/ Pedagogy

Reading Material

Session 1 Introduction Not required Lots of

 Self and Subject Examples
 Prerequisite Mathematics

Session 2 Prerequisite Mathematics Material given by the Lecture

 Fast calculation Faculty delivery
Doubt clearance

Module 1: Matrix 7 session

Session 3 Objective Mathematics for Over view
 Introduction of Matrices Economics and green board
 Types of Matrices Business /white board
 Algebra of Matrices By R S Bhardwaj Examples
Page:2.1—2.67 Doubt
Available in the clearance
library Practice
sample
questions
Session 4  Transpose of a Matrix Do Do
 Properties of a transpose
matrix
 Determinants, Singular
and non singular matrix
Session 5 Rank of a Matrix Do Do
Session 6 Inverse of a Matrix by Adjoint Do Do
Matrix Method
Session 7 Inverse of a Matrix by Do Do
elementary row transformations
Session 8 Solution of system of linear Do Do
equations by Cramer’s Rule

Session 9 Solution of system of linear Do Do

Equations by Guass-Jordan
method
Module 2: Permutation and combination 3 Session
Session 10 Permutation Business Do
Mathematics
By P. Hazarika
Page: 109-131
Session 11 Combination Do Do
Session 12 Applied questions Do Do
on Permutation
and combination
Module 3: Differential Calculus 8 Session
Session 13 Introduction of functions, Mathematics for Do
limits, continuity Economics and
Business By R S
Bhardwaj, Excel
Book
Page:4.3—4.15,
4.21—4.26
4.28—4.29
5.3—5.17
7.5---7.17
Available in the
library
Session 14 Derivative of a Function Do Do
using first principle
method
Session 15, 16  Differentiation of Do Do
product of two
functions,
 Differentiation of
quotient of two
functions,
Session 17, 18  Differentiation of Do Do
Logarithmic functions,
 Differentiation by chain
rule
 Differentiation of implicit
function
Session 19 Second and Higher order
Derivatives

Session 20 Maxima and Minima Do Do

Module 4: Integral Calculus 5 Session
Session 21, 22  Methods of Integration Mathematics for Do
using basic formula Economics and
 Integration by Business By R S
substitution Bhardwaj
Page: 8.1--8.33
Session 23,24,25  Integration by parts Do Do
 Integration by partial
fraction
 Definite Integrals

Module 5: AP and GP Series 3 Session

Session 26,27,28  General sum of first 𝑛𝑡ℎ Material provided Examples,
terms of AP and GP series by faculty Business Practice
 To find the 𝑛𝑡ℎ term of AP Mathematics problems as an
and GP series By P. Hazarika assignment
 Application of AP and GP page 85-108
series

Module 6: Applications of all Modules in Economics 8 session

Session 29,30 Matrix: Mathematics for Discussion
Markov Brand Switching Model, Two Economics and Practice
Commodity Market Equilibrium Business By R S situational
National Income model Bhardwaj problem
Input-Output Analysis Page: 2.60-2.75
Session Differentiation: Mathematics for Do
31,32,33,34,35,36 Application on Rate of growth and Economics and
decay Elasticity of a function, Business By R S
Demand function: Bhardwaj
Price demand , price elasticity of Page: 4.10
Demand, Income demand and Income
elasticity of demand, Cross demand
and cross elasticity of demand
Law of supply:
Elasticity of supply
Revenue function:
Short- run production function,
Short- run cost function,
Relation between Marginal
Product and Marginal cost
Maximization of Revenue:
Maximization of tax Revenue,
Maximization of output,
Maximization of total revenue
Product, Minimization of cost,
Reality placement model, Inventory
model
 Maximization of profit:
Effect of a specific tax on equilibrium
output or price Maximization of tax
revenue, Profit Maximization of by a
firm under perfect Competition, Break-
even point, Supply curve of a firm
under perfect competition,
Profit Maximization of by a monopoly
firm Profit Maximizing Levels of Inputs,
Optimal holding time

Session Integration Do Do
37,38,39,40 Total revenue and marginal
revenue, Demand function from
elasticity of demand, Total cost
from marginal cost, Profit function
from marginal profit function,
Equilibrium output Consumer’s
surplus and producer’s surplus,
Capital formation, Total product
from marginal Product, Rate of
sales or depreciation Learning
curve

G. SUGGESTED READINGS:

G1: TEXT BOOKS

1. Business Mathematics By Mr. R. S. Bharadwaj , pub: Excel Book

2. Business Mathematics by P. Hazarika , S. Chand publication

G2: REFERENCE BOOKS

1. Schaum’s Series for problem practice

2. Business Mathematics by Mohd. Shadab Khan, pub: Vedams Book
3. Business Mathematics By V.K. Kapoor, pub: S.Chand
4. Mathematics for Economics and business by Soper Jean , pub: Blackwell
5. Sancheti & Kapoor for Business Mathematics by S.Chand
6. Business Math by Schultheis Robert , pub: South West
H. GENERAL INSTRACTION:

a) All the questions of the assignment must be handwritten.

b) All students will be divided in groups comprising of 3- 4 students in each.
c) Students are expected to read the concerned session’s contents in advance before coming to
the class.
d) The session will be made interactive through active participation from students. The entire
session will be conducted through question-answer, reflections, discussion, current practices,
examples, problem solving activities and presentations etc.
e) All schedules/announcements must be strictly adhered to.
f) The complete syllabus would be covered for Viva-voce and one must be thoroughly prepared
to appear for the viva and strictly appear on given time, otherwise, he/she will loose the
marks.
g) Late entry (Max. 5 minutes from the class timing) in the class will not be allowed.
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