Fall 2021

School of Business and Economics

Department of Management
BUS 135: Applied Business Mathematics
Sections 5&6

Instructor and Department Information

Abul H. Azam (AHAz), Ph.D.

Professor, Department of Management
NAC 874
Class Time:
Section 4 MW 11:20 AM – 12:50 PM
Section 5 MW 02:40 PM – 04:10 PM
Office Hours:
Monday-Wednesday: 9:00 AM – 11:00 AM
Sunday – Tuesday: 9:00 AM – 11:00 AM
Other hours: By appointment
Since we cannot meet for in-class consultation, I suggest contact me whenever you need my help and
set-up a time for online consultation. Also, I am available for additional problem solving sessions.

Learning Resource

(1) Alpha C. Chiang and Kevin Wainwright (CW) Fundamental Methods of Mathematical Economics.
(2) Bowen, Gordon D. Prichett, and John C Saber (BPS) Mathematics with Applications in
Management and Economics.
(3) Edward T. Dowling, Ph.D. Introduction to Mathematical Economics, 3 rd Edition.

Course Rationale

Skill in mathematical operations is essential for success in many business and economics courses, and
for some fields in business and economics, Applied Business Math is a required course. Besides to be a
responsible actor in a market economy, one must possess mathematical skills to make optimal
decisions.
 Course Description

Applied Business Math (BUS 135) is a sequel to BUS 112; as such it takes off where BUS112 leaves off.
The course focuses on business applications of linear algebra, differential, and integral calculus.

Course Learning Objectives (CLO)

The instructional objective of the course is to teach

1. The conceptual framework behind mathematical operations that are applied in the field of
business and economics.
2. Techniques of solving problems.
3. Interpretation of results.
4. Application of learned techniques in business issues.

Student Learning Outcomes (SLO)

After completion of the course, the student will

1. Solve
a. Simultaneous linear equations systems.
b. Linear programming problems
c. Use differential calculus to find Maxima and Minima – unconstrained and constrained
--of single and multi-variable functions.
d. Use integral calculus to find areas under functions.
2. Interpret results obtained in (a) through (d)
3. Apply methods learned in (a) through (d) to solve business problems.

Equipments and Aids

Keep you calculator, and study material with you during the lecture session.

Assessment

Instrument of assessment Contribution to the final grade

Quiz 20
Mid-term – I 20
Mid-term II 20
Final 35
Attendance & participation 5
Total 100
 Conversion to the letter grade and grade point equivalency

Numerical Scores Letter Grades Grade Points

93 & above A 4.0
90-92 A- 3.7
87-89 B+ 3.3
83-86 B 3.0
80-82 B- 2.7
77-79 C+ 2.3
73-76 C 2.0
70-72 C- 1.7
67-69 D+ 1.3
60-66 D 1.0
Below 60 F 0

General Rules
 You are expected to come to lecture sessions prepared and on time. Late entries will be not
counted as ‘present’ for purposes of reward points for attendance and participation.
 No make-up for missed exams will be administered unless it meets the eligibility criterion set
forth in the NSU student handbook.
 Lowest quiz grade will be dropped.
 Any unfair means adopted in the assignments will be reported and dealt with according to NSU
rules of conduct.

Tentative Lecture Schedule

Lectur Topics CLO Reference Activities

e
1 Review
2 Introduction to matrix algebra. 1 (CW)-Ch 4
3 Solving simultaneous linear systems 2,3 (CW)-Ch 4
using Cramer’s rule
4 Linear Programming 2,3 BPS Ch 3
BPS 3-2: 19-22; BPS 3-5: 15, 16
4 Introduction to differential calculus 1,2 BPS- Ch 7 HW BPS 7-5:36
BPS 7-5: 8, 18 30 35 41, BPS 7-6: HW BPS 7-6:23
8,13,22
BPS 7-7: 6, 20
 5 Differential Calculus: 2 BPS-Ch 8 HW BPS 8-1:12
Finding Stationary Values (one
variable case) BPS 8-1:1, 6, 11, 12,
6 Applications of Differential Calculus 3 BPS-Ch 8
BPS 8-1: 25, 26, 28.
Lectur Topics CLO Reference Activities
e
7 Applications of Differential Calculus 3 BPS-Ch 8 HW BPS 8-2: 16
BPS 8-2: 4,8,9, 13,16
8 Applications of Differential Calculus 3 BPS-Ch 8 HW BPS 8-3: 8
BPS 8-3: 1,3,5,6,8
BPS 8-4: 1-6
Mid- Assignment I
9-11 Applications of Differential Calculus: 2, 3 CW- Ch 11 HW BPS 9-4: 25
Exponential and Logarithmic HW BPS 9-5: 14
functions.
Multivariate analysis:Unconstrained
optimization
BPS 9-4: 3,7,13, 25, 27.
BPS 9-5: 10,13,14,16. CW Exercise
11.2
12-16 Applications of Differential Calculus: 2,3 CW-Ch 12
Constrained Optimization
CW Exercise 12.5: 1,2
Mid-Assignment II
Lectur Topics CLO Reference Activities
e
17-19 Exponential and Logarithmic 2, 3 CW-Ch 10
functions BPS-Ch 9
BPS 9-1:6, 23, 24, 27. BPS 9-2: 4,8,
16,
20 Integration 1,2 BPS- Ch 10
BPS 10-1: 7, 23, 29,39
21-24 Definite Integrals and their 2,3
application
BPS 10-2: 1, 4, 9, 15, 29-34. BPS 10-
3: 1-6.
Final Assignment

N.B. This is only a tentative schedule. I may make changes to the topic and schedule if there is a need
for it.