Course Outline

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: [email protected] 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%

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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 eria l No. #

Time Frame (Expec ted Lectur es)

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Topics

Specific Objectives

Suggested Activities

Teaching Strategy( s)

Essential Concepts of Mathematics:

Real Numbers, Order of Operations, Variables, Equations, and Inequalities, Properties of Zero, Exponents, Rational Expression, Factoring etc.

Class room discussion participation and Tutorial (Group discussion).

Multi media / Visual presentatio ns, Lecture, discussion assignmen ts and solving problems both on paper and on the board.

2

1

2

Linear Relationships and constrained Optimization

Linear equations and function, and their application in the real world.

Linear Relationships and constrained Optimization

Equations and Inequalities, Functions and Special Functions, Straight Lines and Applications of Straight lines, Fixed and variable cost, mark-up and margin Break Even Analysis and Linear Programming

2

2

2

System of Linear Equations and Matrices. Introduction to Matrix

2

Matrix Operations

2

Analytical Geometry

1

3

4

Linear Relationships and constrained Optimization

07-12 March

2 5

2

Exponential and Logarithmic Functions

Introduction to the Mathematics of Finance.

System solution using Substitution and Elimination Methods. Definition, different types of matrices and their properties Addition and multiplication of matrices, Applications of matrices to business problems Basic Definitions on geometry MID TERM EXAMINATION Exponential functions, need for logarithms, rules of logarithms, common logarithms and natural logarithms, application of inverse natural logarithms Simple interest and the future value, Simple discount and present value

6 1

Introduction to the Mathematics of Finance.

Bank discount and effective rate.

Class room discussion, Tutorial, quiz and submission of assignment. Class room discussion Tutorial and Case analysis.

Same as above

Class room discussion Tutorial, quiz and assignment. Class room discussion Participation & Tutorial Class room discussion and participation. Class room discussion and participation.

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Class room discussion Tutorial & quiz.

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Same as above

Same as above Same as above Same as above

2 hours Class room discussion Participation, Tutorial, quiz and assignment.

Same as above

Class room discussion Participation, Tutorial, quiz and assignment. Class room discussion and participation.

Same as above

Same as above

3

2

7 2

8

9

10

Introduction to the Mathematics of Finance.

Compound interest rate and the future value

Introduction to the Mathematics of Finance.

Compound interest rate and present value, effective annual rate, continuous compounding rate. Ordinary annuities and present value

2

Introduction to the Mathematics of Finance. Introduction to calculus.

1

Introduction to probability distribution

Set operations, probability rules, application of probability.

01-07 May

FINAL TERM EXAMINATION

2

Differential and Integral calculus and their applications

Class room discussion Participation, Tutorial, quiz and assignment. Class room discussion Participation, quiz.

Same as above

Class room discussion Participation & Tutorial Class room discussion Participation & Tutorial Class room discussion Participation, Tutorial, quiz and submission of assignment.

Same as above

Same as above

Same as above Same as above

2 hours

Note: The instructor may alter the course contents or structure if he finds it necessary Please Be Healthy and Study Hard GOOD LUCK

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