American International University Bangladesh (AIUB)

School Of Business
MBA PROGRAM

Course Outline

Mathematics for Business Spring Semester: 2009

Course Code: 00973, 00974, 01455 Class Time: ST: 06: 30 – 08:
00 (A)
Section: A, B & D (Room No. # 142(A), 142 (B) and 132(D)) MW:
08:00-09:30 (B) : 06:30 – 08: 00 (D)
Faculty: Dr. Md. Showkat Ali E-mail: msa417@aiub.edu
Tel.: 01552-433663(M), 01712-283278(M), Office: Teachers’ Room, Ground Floor,
7162376(R) Campus # 1
Office Hours: ST (08: 00 - 09:00 PM)

Course Description: This course is designed to make students familiar with various
mathematical tools - used by stakeholders (managers, investors and creditors) to
make business decision. The course covers topics like linear equations, break-even
analysis, logarithms, linear programming (optimization) and mathematics for finance.

Course Objective: Upon successful completion of this course students will be able
to use mathematical tools to make business decision in real world.

Conduct of the courses: Classroom lectures, tutorials including home assignments,

quizzes and 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.

Performance Evaluation and Grading: The final grade for this course will be
based on the points achieved on the following areas:
Mid Term Session Final Session
Quizzes 20% Quizzes (Announced 20%
(Announced/Unannounced) /Unannounced)
Assignments 10% Assignments 10%
Class Participation 5% Class Participation 5%
Class Attendance 5% Class Attendance 5%
Mid Term Exam 40% Final Exam 60%
Total 80% Total 100%

1
 Converted into 40% Converted into 60%

Note: The instructor may alter the grading points if he finds it necessary.

Individual Assignment and Quizzes: After each chapter there will be a quiz. It
could be either an announced or an unannounced quiz. Assignment dead line will be
strictly maintained. There will be no make up quiz or make up assignment for
any quiz or assignment missed without valid reasons.

Mid Term Exam: There will be one mid-term exam at the middle of the semester.
You can expect both short and long calculations.
Class Participation: Students are strongly recommended to participate in the
classroom. Your attendance is also part of your class participation. Do not worry
about your answer whether it is correct or incorrect while participating. You may be
called upon randomly throughout the semester to give answers or comment on any
questions or on any issues.

Final Exam: Final exam will be based on the chapters covered after the Mid Term
exam. Again you can expect both short and long calculation

Detailed Course Outline

S Time Topics Specific Objectives Suggested Teaching

eria Frame Activities Strategy(
l (Expec s)
No. ted
# Lectur
es)
Essential Real Numbers, Order Class room Multi
Concepts of of Operations, discussion media /
Mathematics: Variables, Equations, participation Visual
2 and Inequalities, and Tutorial presentatio
Properties of Zero, (Group ns,
Exponents, Rational discussion). Lecture,
Expression, Factoring discussion
1 etc. assignmen
ts and
solving
problems
both on
paper and
on the
board.

2
 1 Linear Linear equations and Class room Same as
Relationships function, and their discussion, above
and constrained application in the real Tutorial, quiz
Optimization world. and submission
of assignment.
Linear Equations and Class room Same as
Relationships Inequalities, Functions discussion above
2 and constrained and Special Functions, Tutorial and
Optimization Straight Lines and Case analysis.
Applications of
Straight lines, Fixed
2
and variable cost,
mark-up and margin
Linear Break Even Analysis Class room Same as
2 Relationships and Linear discussion above
and constrained Programming Tutorial, quiz
Optimization and
assignment.
System of System solution using Class room Same as
1 Linear Substitution and discussion above
Equations and Elimination Methods. Participation &
Matrices. Tutorial
Introduction to Definition, different Class room Same as
2 Matrix types of matrices and discussion and above
their properties participation.
Matrix Addition and Class room Same as
3
2 Operations multiplication of discussion and above
matrices, Applications participation.
of matrices to
business problems
Analytical Basic Definitions on Class room Same as
4 2 Geometry geometry discussion above
Tutorial & quiz.

07-12 March MID TERM 2 hours

EXAMINATION
Exponential functions, Class room Same as
Exponential and need for logarithms, discussion above
2 Logarithmic rules of logarithms, Participation,
Functions common logarithms Tutorial, quiz
5
and natural and
logarithms, assignment.
application of inverse
natural logarithms
Introduction to Simple interest and Class room Same as
2 the the future value, discussion above
Mathematics of Simple discount and Participation,
Finance. present value Tutorial, quiz
and
6
assignment.
Introduction to Bank discount and Class room Same as
1 the effective rate. discussion and above
Mathematics of participation.
Finance.

3
 Introduction to Compound interest Class room Same as
2 the rate and the future discussion above
Mathematics of value Participation,
Finance. Tutorial, quiz
and
assignment.
7
Introduction to Compound interest Class room Same as
2 the rate and present discussion above
Mathematics of value, effective Participation,
Finance. annual rate, quiz.
continuous
compounding rate.
Introduction to Ordinary annuities Class room Same as
2 the and present value discussion above
8
Mathematics of Participation &
Finance. Tutorial
Introduction to Differential and Class room Same as
2 calculus. Integral calculus and discussion above
9
their applications Participation &
Tutorial
Introduction to Set operations, Class room Same as
probability probability rules, discussion above
1 distribution application of Participation,
10
probability. Tutorial, quiz
and submission
of assignment.

01-07 May FINAL TERM 2 hours

EXAMINATION

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

Please Be Healthy and Study Hard

GOOD LUCK