BUSINESS MATHEMATICS

Course Objectives:
1.

To provide students with an understanding of the basic mathematical techniques used in

business through application of techniques rather than its theoretical aspect.
2. Equip them with mathematical skills and knowledge that can be applied to solve financial
problems

One-Variable Equations
Solution of First and Second Degree Equations in One Variable
Linear Equations
Algebraic and Graphical Characteristics
Slope-Intercept Form
Determining the Equation of a Straight Line
Linear Equations Involving More Than Two Variables
Systems of Linear Equations
Two, Three and n-variable systems and their graphical and algebraic solutions
Mathematical Functions
Definition, Types and Graphical Representation of Functions
Linear Cost, Revenue and Profit Functions
Mathematics of Finance
Interest and its Computation
Single Payment Computations
Annuities and Their Present/ Future Value
Cost Benefit Analysis
Matrix Algebra
Introduction, Simple and Special Types of Matrices
Basic Matrix Operations
The Determinant
Inverse
Solution of System of Linear Equations using Matrices
Differentiation
Limits: Properties and Continuity
Average Rate of Change
The Derivative
Differentiation
Higher Order Derivative
Optimization
Identification of Maxima and Minima

Application on Revenue, Cost, and Profit Sequence, Series and Progression

Sequence, Series and Progression: Introduction and Comparison thereof
Arithmetic Series and its application in business
Geometric Series and its application in business

Recommended Book:
Frank S. Budnick, Applied Mathematics For Business, Economics,and Social Sciences,
4th Edition, 1993, McGraw-Hill Inc.
Charles D. Miller, Stanley A. Salzman, and Gary Clendenen, Business Mathematics, 11th
Edition, 2009, Addison-Wesley
Glencoe Mathematics with Business Applications, Student Edition, 2006, McGraw-Hill