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2.mathematics For Business

This document outlines a course on Mathematics for Business offered at Riphah International College. The 3-credit, 16-week course aims to provide students in business, economics, and social sciences with mathematical tools and applications. It will cover topics like algebra, linear equations, functions, matrices, inequalities, and exponential/logarithmic functions. Students will develop quantitative skills through interactive lectures, discussions, exercises and assignments to solve business problems. Assessment includes quizzes, assignments, presentations, a midterm and final exam.

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Kashif Ali
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35 views5 pages

2.mathematics For Business

This document outlines a course on Mathematics for Business offered at Riphah International College. The 3-credit, 16-week course aims to provide students in business, economics, and social sciences with mathematical tools and applications. It will cover topics like algebra, linear equations, functions, matrices, inequalities, and exponential/logarithmic functions. Students will develop quantitative skills through interactive lectures, discussions, exercises and assignments to solve business problems. Assessment includes quizzes, assignments, presentations, a midterm and final exam.

Uploaded by

Kashif Ali
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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RIPHAH INTERNATIONAL COLLEGE

Associate Degree Program

Course Title : Mathematics for Business


Course Number :
Credit Hours :3
Course Pre-requisite : Intermediate Mathematics
Course Duration : 16 weeks

Course Description:
Mathematics is an integral part of students in business, economics and the social
sciences because of the advancement in quantitative tools and the computer. This
course will provide an informal, non-intimidating presentation of the mathematical
principles, techniques and applications most useful for business students. This
familiarity can assist them in being better critics and users of these tools and better
decision makers.

Course Objectives:
This course will help students to:
 Understand and apply the skills required for selected Mathematical Concepts
encountered in business situations
 Imply Practical application of Fundamental and Arithmetic skills
 Prepare solid foundation for Accounting, Management, Marketing, Finance
and Small Business

Learning Outcomes:
After studying this course, students should be able to:
 Demonstrate factual knowledge including the mathematical notation and
terminology used in this course.
 Describe the fundamental principles arising from the mathematical ideas
associated to business applications. Students will identify and apply the laws
and formulas that result directly from the definitions;
 Apply the course material along with techniques and procedures covered in
this course to solve business related problems.
 Use the facts, formulas, and the techniques learned in this course to solve
basic business problems.
 Develop specific skills, competencies, and thought processes sufficient to
support further study or work in this field or related fields.
Educational Methodology to be used:
1. Interactive Lecture
2. Group Discussion
3. Class Exercises
Assignments / Projects Criterion:
a. Submission on time
b. Free of spelling and grammatical errors
c. Appropriate length
d. Appropriate presentation (font type and size, margin, stapled)
e. Identical or partially identical assignments / projects will get a Zero in the
assignment.
The repetition of such kind may lead to an “F” grade in the course
f. Plagiarism of any sort will not be tolerated

General Classroom Norms:


Class attendance is mandatory. You may miss up to 25% (8 out of 32 sessions)
class sessions but save it for emergency only. In case you exceed this level, you will
be withdrawn from the course. As a courtesy to the instructor and other students, be
prepared to arrive at class and be in your seat on time. In addition, please note that
each class lasts for 90 minutes (1.5 Hours).
Also keep in mind some general rules in the class as given below:
 Cell phones should be powered off.
 Eatables are not allowed in the class.
 The teacher will not tolerate any disruptive behavior in the class.
 The University Dress Code has to be observed, no warnings will be given, and
violators will be asked politely to leave the class and consequently will be
marked absent.

Participation:
Students are required to attend all classes and read all the assigned material in
advance of class (although not necessarily with perfect comprehension). Advanced
preparation and class participation are crucial for proper conceptual understanding.
During discussion sessions, the instructor generally keeps track of the insightful and
useful comments students make. (Irrelevant and Unproductive contribution is not
rewarded).
Technology / Equipment / Models / Physical Support:
1. Multimedia
2. White Board
3. Websites
4. Online Exercises

Grade Distribution:
Evaluation Type Percentage (%) Activities
Quizzes 5 Minimum 4
Assignments 10 Minimum 4
Mid Term 30
Final Term 40
Presentation 10 Minimum 1
Class Participation 5
Total Points 100

Course Contents:

Week Contents Activities


Algebraic Concepts
 Sets
 The Real Numbers
01-02
 Integral Exponents
 Radicals and Rational Exponents
 Operations with Algebraic Expressions
 Factoring
 Algebraic expressions

Linear Equations and Functions


 Solution of linear equations and
inequalities
03-05  Functions
 Linear Functions Assingment-1
 Graphs and Graphing Utilities Quiz-1

 Solutions of Systems of Linear


Equation

 Applications of Functions in Business


and Economics

Quadratic and Other Special Functions


 Quadratic Equations

06-08  Factoring Method

 Quadratic Formula
Assingment-2
 Parabolas Quiz-2

 Business Applications of Quadratic


Functions

 Supply, Demand and Market


Equilibrium

 Break Even Points and Maximization


 Special functions and their graphs

 Polynomial and rational function

 Piecewise defined functions

MID TERM
Matrices
 Matrices Multiplication of Matrices
Gauss-Jordan Elimination Presentation
10-11
 Inverse of a Square Matrix

 Matrix Equations

 Determinants

 Applications of Matrices

Inequalities and Linear Programming


 Linear Equalities in Two Variables

12-14  Linear Programming: Graphical


Methods
Assingment-3
 Simplex Method Quiz-3
 Maximization

 Non-Unique Solutions

 Multiple Solutions

 No Solutions
 Shadow Prices

 Duality and Minimization

 With Mixed Constraints

Exponential and Logarithmic Functions


 Exponential Functions

 Modeling with Exponential Functions

 Logarithmic Functions and their


Properties
15-17 Assingment-4
 Logarithmic Functions and Graphs Quiz-4
 Modeling with Logarithmic Functions

 Properties of Logarithms
 Change of Base

 Solution of Exponential Equations

 Solving Exponential Equations using


Logarithmic Properties

 Growth and Decay

 Economic and Management

 Gompertz Curves and Logistic


Functions

FINAL TERM

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