INTERNATIONAL ISLAMIC UNIVERSITY MALAYSIA

COURSE OUTLINE

Kulliyyah Economics & Management Sciences

Department Economics
Bachelor of Economics/Bachelor of Business
Programme
Administration/Bachelor of Accounting
Name of Course / Mode Business Mathematics

Course Code ECON 1150

Dr. Alias Mat Derus (Sections 1 and 2)
Name (s) of Academic Prof Dr Selamah Abdullah Yusof (Section 3)
staff / Instructor(s) Dr Rafia Afroz (Section 4 and 5)
Prof. Dr. Zarinah Hamid (Sections 6 and 7)
Rationale for the
inclusion of the course / This is a required course for all students in the Kulliyyah
module in the programme
Semester and Year
Semesters I & II
Offered
Status Core
Level 1

Proposed Start Date Semester I, 2016/2017

Batch of Student to be
Semesters I & II
Affected

Guided
Face to Formal
Independen
Face Assessment
t Learning
Total Student Learning L R
Total Student
Time (SLT) e Di Co ea
Q Learning Time
c sc Mi ns di
ui (SLT)
t us dte ult ng
zz
u si rm ati A
es
r on on ss
e ig

1
 n
m
en
t
42 13 3 2 42 18 120

Credit Value / Hours 3

Pre-requisites (if any) Nil

Co-requisites (if any) Nil

The objectives of this course are to:
1. Provide students with basic mathematical principles,
Course Objectives techniques and tools.
2. Introduce students to applications of mathematics in
economics, business and accounting.
Upon completion of this course, students should be able to:
1. Identify the relevant mathematical operations and techniques
to solve a particular problem.
2. Perform mathematical operations and techniques related to
Learning Outcomes functions and matrices.
3. Interpret and relate mathematical concepts to economics,
business and accounting problems.
4. Apply the mathematical concepts and offer solutions to
economics, business and accounting problems.

How they are Assessment

Skills
developed method
Class discussions
Basic concepts on
Lectures Quizzes and Exams
mathematics
Transferable Skills: Class discussions
Solve economic Quizzes and
Lectures
problems Exams

Team-work and Assignments

Group discussions
communications (not graded)

T&L/ Assessment
Teaching-Learning and Description
Strategies
assessment strategy
Teaching-learning Lectures and class discussions
strategies

2
 Class participation
In-class evaluation activities
Quizzes
Assessment strategies
Midterm exam
Final Exam

3
 This course is designed for all first year students of KENMS. The
course will equip students with the basic mathematical tools and
foundation needed to comprehend other courses with quantitative
contents. Students are expected to refresh themselves with basic
Course Synopsis
functions and equations. Topics covered include matrix algebra,
differentiation, multivariate calculus, integration and linear
programming.

Mode of Delivery Lectures, tutorials, discussions

LO Method %
Assessment Methods and 1,2,3,4 In-class evaluation activities/Quizzes 30
Type / Course Assessment 1,2,3,4 Midterm 25
State weightage of each
1,2,3,4 Class participation 5
type of assessment.
1,2,3,4 Final Examination 40

Mapping of the course / module to the programme aims

Mapping of course / module to the Programme Learning Outcomes

Programme Outcomes
Learning Outcome of the course
O1 O2 O3 O4 O5 O6 O7 O8 O9 O10
Identify the relevant mathematical
operations and techniques to solve a √ √ √
particular problem.
Perform mathematical operations and
techniques related to functions and
√ √ √ √
matrices.

Interpret and relate mathematical

concepts to economics, business and
√ √ √ √ √
accounting problems. √

Apply the mathematical concepts and

offer solutions to economics, business
√ √ √ √
and accounting problems.

Distinguish between Islamic

economic principles and conventional √ √ √ √ √ √ √
economic principles

4
 Content outline of the course / module and the SLT per topic
Learning Hours
Weeks Topics (refer to Notes Task/Reading
for explanation)
Review
● Functions – linear, quadratic, exponential, 3+1+3
logarithmic
1,2 ● Systems of linear equations Chapters. 1,2,5
● Applications of linear, quadratic, exponential 3+1+3
and logarithmic functions in business and
economics
Matrix Algebra
● Matrices 3+1+3+2
● Matrix operations
3,4 ● Solving systems of linear equations Chapter 3
● Inverse of a Matrix
● Applications, Leontief Input-Output 3+1+3+2
Analysis
Differentiation
● Derivatives as rates of change
● Rules of differentiation: constant, power
5 forms, sums or difference, product, quotient 3+1+3+2
Chapter 9
and chain rules.
● Higher-order differentiation
● Applications

Curve Sketching
● Identification of maxima and minima 3+1+3
6 Chapter 10
● Second-derivative test
● Applications

Additional differentiation Topics

● Derivatives of logarithmic and exponential
functions 3+1+3+2
7 Chapter11
● Implicit differentiation
● Elasticity of demand
● Applications
MID-SEMESTER BREAK
Multivariate Calculus 3+1+3+2
8 Chapter 14
● Functions of several variables

5
 ● Partial derivatives
● Applications
Multivariate Calculus (continued...)
● Higher-order partial derivatives 3+1+3+2
9 Chapter14
● Optimisation of bivariate functions
● Applications
Multivariate Calculus (continued...)
● Optimisation subject to constraints – 3+1+3+2
10 Chapter 14
Lagrange multiplier method
● Applications
Integration
● Indefinite integral
● Rules of integration 3+1+3
11 Chapters 12, 13
● Definite integral: the fundamental theorem
of calculus
● Area between curves
Integration
● Applications of integration 3+1+3+2
12 Chapters 12,13

Linear Programming
● Linear inequalities in two variables 3+1+3+2
13 Chapter 4
● Graphical solutions
● Applications
14 Revision 3+3
Quizzes 3
Mid-term exam 2
Final exam -
Total SLT 120
Main references supporting the course
Required
Harshbarger, R.J. & Reynolds, J.J. (2013). Mathematical Applications for the Management, Life and Social
Sciences, 10th Edition, Brooks/Cole – Cengage Learning, USA.
Prepared by: Checked by: Approved by:

Prof. Dr Selamah Abdullah Assoc. Prof. Dr Mohd Nahar Mohd Arshad Prof. Dr. Maliah Sulaiman
Yusof Head Dean
Course Coordinator Department of Economics Kulliyyah of Economics &
Department of Economics Management Sciences

6
Kulliyyah of Economics & Kulliyyah of Economics & Management
Management Sciences Sciences

At the end of the programme, Students are able to:

1.
Demonstrate an understanding of economic knowledge both from
conventional and Islamic perspectives and awareness of Knowledge
contemporary development of the discipline.
2.
Utilize quantitative and qualitative techniques and creative thinking
Practical Skills
to solve economic problems.

3.
Cooperate with others in providing solution to problem faced in
Social skills and
socially responsible manner for the progress of the nation and the
Responsibilities
ummah.
4. Value,
Demonstrate behavior consistent with professional ethics and Attitudes,
Islamic values. Professionalis
m
5.
Communicatio
Demonstrate effective communication skills with mutual respect.
n

6.
Problem
Develop, implement and evaluate basic strategies and action plan.
Solving and
Scientific Skill

7. Information
Recognize the importance of continuing professional development
Management
and changes in economics.
and Lifelong
Learning
8.
Be creative and innovative in managerial and entrepreneurial Managerial and
endeavors. Entrepreneurial

9.
Leadership and
Demonstrate effective leadership skills imbued with Islamic value.
Team Skills

7
10
Islamisation
Islamisation of knowledge; integrating the values, principles, and
of Knowledge
practices of Islam into the field of banking and finance
(IOK)