Bangladesh University of Professional

Faculty of Business
Trimester May - August 2022
Course Title: Mathematics for Decision (BUS- 7102)

Course Outline

Faculty: Professor Dr. Md. Showkat Ali

Program: EV MBA Section: B (Batch 29)
Contact no.: 01712-283278 Email: msa317@yahoo.com, msa@du.ac.bd
Room no.: 1101 (B) Class Time: Fri: 6:30-9.30 pm (B)

Course Description: The business interpretation in relation to the mathematical tools is

the major concentration of this course. The course includes elements of algebra, number
fields, linear and non-linear inequalities, functions, sets, analytic geometry, logarithm,
limit, differential and integral calculus, matrix and linear programming. The purpose of
the course is to help the students learn mathematical tools, which are used in management
studies. As well as giving the students in these topics the course focuses on how to
interpret and solve business-related word problems and to develop simple mathematical
models from a business perspective. The course provides step-by-step guidance through
sample problems and solutions related to business and economics.

Objectives: On successful completion of this course, students should be able to:

 Apply mathematical skills to business applications and business decision in
real world.
 Integrate the mathematical principles with their everyday business.
 Solve business problems stated in words that involve matrix, function,
differentiation and integration.
 Interpret and solve business related problems and to develop simple
mathematical models from a business perspective.

Teaching Methodology: Classroom lectures, tutorials including home assignments,

quizzes and midterm and final exams.

Recommended Course Text:

1. Mathematics with Applications in Management and Economics, by Gorgon D.
Prichett and John C. Saber, 7th Edition, IRWIN.

2. Applied Mathematics for Business, Economics, Life Sciences and Social

Sciences, by Barnet, R.A., Zeigler, M.R. and Byllen, K.E., 7th Edition, Prentice
Hall, NJ, USA.

3. Business Mathematics, by Kappor V.K., & Sancheti D.C, Sultan Chand & Sons,
India.

4. Business Mathematics, by Dr. Md. Rafiqul Islam & Mohd. Osman Gani, CBO
publications, Bangladesh.

1
 Marks Distribution:
Class Attendance 5%
Term Paper (Individual) including Presentation 10%
Class Test (Total four) 12%
Midterm Examination 20%
Assignment & Case Studies including Presentation 5%
Regular Class Presentation & Participation 5%
Attitude/Conduct/Manners 3%
Final Examination 40%
Total 100%

Grades: According to BUP and University Grants Commission Policy.

Detailed Course Outline

Serial Time Topics Specific Objectives Suggested Teaching

No. # Frame Activities Strategy(s)
(Expected
Lectures)
Essential Concepts Real Numbers, Order Class room Multi media /
of Mathematics: of Operations, discussion Visual
Variables, Equations, participation and presentations,
1 and Inequalities, Tutorial (Group Lecture,
Properties of Zero, discussion). discussion
1
Exponents, Rational assignments and
Expression, Factoring solving
Set operations etc. problems both
on paper and on
the board.
2 2 Linear Linear equations and Class room Same as above
Relationships function, and their discussion,
and constrained application in the real Tutorial, quiz and
Optimization world. submission of
assignment.
Linear Equations and Class room Same as above
Relationships and Inequalities, Functions discussion
3 constrained and Special Functions, Tutorial and Case
Optimization Straight Lines and analysis.
Applications of Straight
lines, Fixed and
variable cost, mark-up
and margin
Linear Break Even Analysis Class room Same as above
4 Relationships and and Linear discussion
constrained Programming Tutorial, quiz and
Optimization assignment.

2
 System of Linear System solution using Class room Same as above
5 Equations and Substitution and discussion
Matrices. Elimination Methods. Participation &
Tutorial
Introduction to Definition, different Class room Same as above
6 Matrix and types of matrices and discussion and
determinants their properties participation.
Matrix Operations Addition and Class room Same as above
3
7 multiplication of discussion and
matrices, Applications participation.
of matrices to business
problems
Exponential functions, Class room Same as above
Exponential and need for logarithms, discussion
8 Logarithmic rules of logarithms, Participation,
4 Functions common logarithms Tutorial, quiz and
and natural logarithms, assignment.
application of inverse
natural logarithms
Introduction to the Simple interest and the Class room Same as above
9 Mathematics of future value, Simple discussion
Finance. discount and present Participation,
value Tutorial, quiz and
5
assignment.
Introduction to the Bank discount and Class room Same as above
10 Mathematics of effective rate. discussion and
Finance. participation.
Introduction to the Compound interest rate Class room Same as above
11 Mathematics of and the future value discussion
Finance. Participation,
Tutorial, quiz and
assignment.
6
Introduction to the Compound interest rate Class room Same as above
12 Mathematics of and present value, discussion
Finance. effective annual rate, Participation, quiz.
continuous
compounding rate.
Introduction to the Ordinary annuities and Class room Same as above
13 Mathematics of present value discussion
7
Finance. Participation &
Tutorial
Introduction to Differential and Class room Same as above
14 calculus. Integral calculus and discussion
8
their applications Participation &
Tutorial

Note: The instructor may alter the course contents or structure if he finds it necessary

Please Be Healthy and Study Hard

GOOD LUCK