1.

Course Name: CALCULUS IN MANAGEMENT SCIENCES

2. Course Code: TOA104E
3. Number of credits: 3
4. Time distribution:
- In class:
- Experiment, Practice:
- Others:
5. Course Prerequisites: no
6. Course Objectives:
The course is for students studying in the areas of Business, Economics, Banking,
Finance, Management and Accounting. The primary objective is to provide
students the mathematical framework and a more scientific approach of modeling
business and economic behavior.

1- To master linear equation, algebraic topics.

2- To master in nonlinear equation for analysis of revenue, cost, profit.
3- To become familiar with mathematics in finance.
4- To master the techniques of differentiation, integration and their relationship.
5- To become familiar with matrices and input-output analysis.
6- To become familiar with differential equations and their applications.
7- To become familiar with linear programming, solving them using computer.
8. To become familiar with the standard applications of mathematical techniques
in economics, business, management, etc.
9. To become familiar with parts of the theoretical framework that are appropriate
at this level.
7. Course Description:
The course provides an introduction to topics such as calculus, linear algebra and
optimisation techniques. Topics include basic Quantitative Methods, Mathematical
Functions, Vectors and Matrices, Differentiation and Integration, Linear
Programming, Sequences…
Students are exposed to Business Mathematical Techniques covering areas such as
Simple and Compound Interest, Present value, Discounting, Depreciation and
Amortisation.
The various quantitative methods are of particular relevance to those involved in
decision-making and analysis. The course also describes situations in which
mathematical arguments can be used in problem solving.
8. Course Assessment:
 The final grade will be determined as follows:

Assessment Items Value Exam Date

1. Attendance / 10% At least 60% class participation to sit in the final
Homework exam
2. Mid-Semester Test 20% 8th week: Refer to Teaching Plan for topics to
be tested
Get at least 4/10 to sit in the final exam
3. Final examination 70%

To gain a pass in this subject, students must: Achieve a passing grade in the final
examination i.e. score a minimum of 50 marks out of 100 marks in the examination for
this subject and a total of 50 marks out of 100 marks for the combined attendance /
homework, test and final examination marks.

9. Course Outline:

Day Topic Notes

1 Practise problems in
1.1 Graph of linear equation. sections 1.1-1.6
1.2 Algebraic solution of simultaneous linear equations
1.3 Supply and demand analysis
1.4 Inequalities, Fractions, Equations
1.5 Transposition of formulas
1.6 National Income Determination
2 2.1 Quadratic functions Practise problems in
2.2 Revenue, cost and profit sections2.1-2.4
2.3 Indices and logarithms
2.4 Exponential and natural logarithm functions
3 3.1 Mathematics of finance: Percentages Practise problems in
3.2 Simple and Compound Interest sections3.1-3.2

4 3.3 Arithmetic and Geometric Series Practise problems in

3.4 Investment Appraisal sections3.3-3.4
5 4.1 Differentiation Derivative of a function Practise problems
4.2 Rules of differentiation in 4.1- 4.4
4.3 Marginal functions
4.4 Further rules of differentiation
6 4.5 Elasticity Practise problems in
4.6 Optimization of economic functions sections 4.5-4.8
4.7 Further optimization of economic functions
4.8 The derivatives of exponential and logarithm functions
 7 Problem Solving and Revision

8 Midterm Test

9 5.1 Functions of several variables Practise problems in

5.2 Partial differentiation sections 5.1-5.4
5.4 Unconstrained optimization

10 5.5 Constrained optimization Practise problems in

5.6 Lagrange multipliers sections 5.5-5.6
11 6.1 Indefinite integration Practise problems in
6.2 Definite integration: Consumers and producers surplus sections 6.1-6.3
6.3 Differential equation
12 Problem Solving and Revision
13 7.1 Basic matrix operations Practise problems in
7.2 Matrix Inversion sections 7.1-7.4
7.3 Cramers rule
7.4 Input-output analysis
14 Linear programming: Practise problems in
8.1 Graphical solution of linear programming problems sections 8.1-8.2
8.2 Applications of linear programming
15 Problem Solving and Revision
Final Examination

10. Required Course Materials

- Tan_Finite Mathematics_ For the Managerial, Life, and Social Sciences

- Goldstein_Finite mathematics & its applications

- Laurence_Calculus for Business, economics, and the social and life sciences.

- Bittinger_Calculus and its applications.