Academic year: 2023/24

Semester: First Second  Summer

1. Program: BA in Business Studies

2. Track: All Tracks
3. Course Code: BUS101

4. Course Title: Introduction to Math for Business

5. Course Credits: 4 credits

6. Pre-requisites: EL99/EL111

7. General Course Coordinator, GCC:

Dr. Omer Hag Hamid, Email: omer.hag@aou.edu.om

8. Branch Course Coordinator, BCC:

9. Instructor/ Tutor:

10. Textbook (s):

Practical Business Math Procedure, 13/E
Publisher: McGraw Hill, copyright 2020 (No Hardcopy)
(Online Resources “SMART BOOK” – Publisher Website “Connect”)

11. Other Educational Resources (periodicals, software, Course webpage, etc.):

Moodle (The LMS will host PPTs, Exercises and tutorials)

12. Course Description (Module Specification):

The course utilizes mathematical operations to solve practical business problems. The
topics include solving equations, percents with applications, cash and trade discounts,
markups and markdowns, simple interest, compound interest, payroll, annuities and
installment buying.

13. Course Aims / Objectives:

This course will provide the student with a rapid review of basic mathematics, addition,
subtraction, multiplication, division, fractions, percents and algebraic equations. The
objective of this review is to improve speed and accuracy. Providing the student with a
comprehensive knowledge of the ways to solve various business problems using the
formula and algebraic approach will be another objective. Together, these objectives will
allow the student to use the techniques learned to solve personal and business math
problems.
14. Course Assessment Strategy

Type of Assessment Percentage Chapters Notes

McConnect Quiz 1 – 7.5% 2,3,5 and 6 McGraw Hill – Online
21th March2024 The quiz will be open for two hours for
duration of 30 minutes. (10
McConnect Makeup Quiz 1– Questions)
25th March 2024

MID TERM EXAM 30% 2,3,5,6, 7 and MTA – Paper Based Exam for 1.5 hours
(MTA) (Week 8) 8

Class Participation 5%
Class Attendance and Participation

McConnect Quiz 2 – 7.5% 7,8,9 and 10 McGraw Hill – Online

18th April 2024 The quiz will be open for two hours for
duration of 30 minutes. (10
McConnect Makeup Quiz 2 Questions)
21th April 2024

FINAL EXAM (FE) 50% 9,10,12,13,14 FINAL EXAM – Paper based exam for 2
hours

15. Weekly Study plan

Week Week Topics Covered Teaching Assessment

starting Method
1 11th Feb Chp 2: Fractions Face-to-face, Quiz I &
2024 Types of Fractions and Moodle, MTA
Conversion Procedures Connect
Adding and Subtraction of (Exercises)
Fractions
Multiplying and Dividing
Fractions
2 18th Feb Self-Study
2024
3 25th Feb Chp 3: Decimals Face-to-face, Quiz I &
2024 Rounding Decimals; Fraction Moodle, MTA
& Decimal Conversions Connect
Adding, Subtracting, (Exercises)
Multiplying, and Dividing
Decimals
Chp 5: Solving for the
Unknown
Solving Equations for the
Unknown
 Solving Word Problems for the
Unknown
4 3rd Mar Self-Study
2024
5 10th Mar Chp 6: Percent and Their Face-to-face, Quiz I &
2024 Applications Moodle, MTA
Conversions Connect
Application of Percents— (Exercises)
Portion Formula
Chp 7: Discounts
(Trade and cash) (for Quiz 2
& MTA)
Trade Discounts—Single and
Chain
Includes Discussion of Freight
Cash Discounts, Credit Terms,
and Partial Payments
6 17th Mar Self-Study
2024
7 24th Mar Chp 8: Markups and Face-to-face, Quiz II &
2024 Markdowns Moodle, MTA
Markup Based on Cost (100%) Connect
Markup Based on Selling Price (Exercises)
(100%)
Markdowns and Perishables
Breakeven Analysis
8 31th Mar MTA WEEK MTA
2024
9 7th Apr Chp 9: Payroll Face-to-face, Quiz II &
2024 Calculating Various Types of Moodle, Final
Employees’ Gross Pay Connect
Computing Payroll Deductions (Exercises)
for Employees’ Pay;
Employers’ Responsibilities
Chp 10: Simple Interest
Calculate simple interest and
maturity value for months and
years.
Calculate simple interest and
maturity value by (a) exact
interest and (b) ordinary
interest.
Finding Unknown in Simple
Interest Formula
Using the interest formula,
calculate the unknown when
the other two (principal, rate,
 or time) are given.

10 14th Apr Self-Study

2024
11 21th Apr Chp 12: Compound Interest Face-to-face, Final
2024 (Future Value) – The Big Moodle,
Picture Connect
Compare simple interest with (Exercises)
compound interest.
Calculate the compound
amount and interest
manually and by table
lookup.
Explain and compute the
effective rate (APY).
Present Value – The Big
Picture
Compare compound interest
(FV) with present value
(PV).
Compute present value by table
lookup.
Check the present value answer
by compounding.
12 28th Apr Self-Study
2024
13 5th May Chp 13: Annuities Face-to-face, Final
2024 Ordinary Annuity and Annuity Moodle,
Due (Find Future Value) Connect
Differentiate between (Exercises)
contingent annuities and
annuities certain.
Calculate the future value of an
ordinary annuity and an
annuity due manually and
by table lookup.
Present Value of an Ordinary
Annuity (Find Present
Value)
Calculate the present value of
an ordinary annuity by
table lookup and manually
check the calculation.
Compare the calculation of the
present value of one lump
sum versus the present
value of an ordinary
annuity.
Sinking Funds (Find Periodic
 Payments)
Calculate the payment made at
the end of each period by
table lookup.
Check table lookup by using
ordinary annuity table.
14 12th May Self - Study
2024
15 19th May Chap 14: Installment Buying Face-to-face, Final
2024 Cost of Installment Buying Moodle,
Calculate the amount financed, Connect
finance charge, and (Exercises)
deferred payment.
Calculate the estimated APR
by table lookup.
Calculate the monthly payment
by formula and by table
lookup.
LU 14-2: Revolving Charge
Credit Cards
Calculate the finance charges
on revolving charge credit
card accounts.
&

Final Exam Revision

16 26th May Final Exam Period
2024
16.Course Intended Learning Outcomes (CILOs)

Based on the Module/Track

Specifications Mapping to PILOs - Core
CILOs

B4
A1
A2
A3

A4
A5
A6
A7

C1

D2
A Knowledge and Understanding

:A1 Understand performing various √ √ √ √ √

calculations that are relevant
and mostly used in finance and
accounting function of a
business
:A2 Identify keys of financing and √ √ √ √
investment concepts like
Annuity, Annual Percentage
Yield, Rate of Return etc.
:A3 Understand tools and √ √ √
techniques that are widely used
in investment
field by general investors and
their relevance in making
crucial financing
and investment decisions
:A4 Describe the relevance of core √ √ √ √
financing and investment
concepts that help corporates in
making short-term and long-
term business
decisions
16. Course Intended Learning Outcomes (CILOs)

16.Course Intended Learning Outcomes (CILOs)

Based on the Module/Track

Specifications Mapping to PILOs - Core