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Bba120 FPD 1 2020 1

Bba120

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50 views3 pages

Bba120 FPD 1 2020 1

Bba120

Uploaded by

Grace Pimpa
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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SCHOOL OF EDUCATION, SOCIAL

SCIENCES AND TECHNOLOGY


BBA120 BUSINESS MATHEMATICS

August 16, 2020

Name: Miss V. Mtonga COURSE OUTLINE: 1


Course: BBA120 BUSINESS MATHEMATICS Date: 16th August, 2020

COURSE DESCRIPTION:

The course is designed to provide foundation for mathematics to students who are pursing courses
in Accountancy, Economics, Banking and Finance, Business and Administration, Purchasing and
Supply etc. The main focus in this course is to equip students of the above fields with mathematical
skills that, they will make use in their respective fields. The goal is to marry the mathematics to the
business Environment.

COURSE OBJECTIVES:

The course aims to provide an introduction to mathematical concepts and lay down a foundation for
applications of basic tools and techniques for various areas of business such as economics, accountancy,
purchasing and supply, Finance and Life Sciences. It begins with non calculations topics as basic
mathematics, equations, functions, matrix algebra, mathematical finance etc. Then it progresses
through both single-variable and multi-variable calculus. An abundance and variety of applications
appear throughout the course. Students continually see how the mathematics they are learning can
be applied to solve practical business problems. These applications over such diverse areas as busi-
ness, economics, socially, finance etc.

1
COURSE CONTENT:

UNIT 1: SETS
Set Theory; Definitions; Set operations; De Morgans Laws; Set Identities; Sets of Numbers; Real
Numbers; Complex Numbers; Arithmetic operations on Complex Numbers; Surds; Applications of
sets in Business

UNIT 2: EQUATIONS AND INEQUATIONS


Operations expressions, factorizing, fractions, linear equations, quadratic equations, Linear inequal-
ities, non-linear equations, absolute value, applications of equations and inequations.

UNIT 3: FUNCTIONS AND GRAPHS


Definition of s function, Special function, combinations of a function, plotting functions in rectangu-
lar cor-ordinates, inverse functions, transformations.

UNIT 4: TYPES OF FUNCTIONS

(4.1) The Straight Line and Applications


Demand, Supply, Cost, Revenue, Translations, Elasticity of Demand, Supply and Income Bud-
gets and Cost Constraints.

(4.2) Simultaneous equations


Solving Simultaneous linear and non-linear equations, equilibrium and breakeven, consumer
and producer surplus.

(4.3) Non-Linear functions and Applications


Quadratic, Cubic and other Polynomial Functions, Exponential functions, Logarithmic Func-
tions.

UNIT 5: Mathematical Finance


Simple Interest and Simple Discount, Compound Interest and Compound Discount, Sequences.

UNIT 6: Matrix Algebra


Definition, Matrices as stores of data, Organizing and handling business data, Matrix addition, sub-
traction, Scalar Multiplication, Matrix Multiplication, Method of Reduction, Inverse, Determinant,
Cramer’s Rule, inverse using Adjoint.
UNIT 7: Calculus

(7.1) Differentiation
The derivative, rules of differentiation, the derivative as a rate of change, differentiability and
Continuity, product and quotient rules, the chain rule and power rule, derivative of logarithmic
functions, derivatives of exponential functions, implicit differentiation, logarithmic differentia-
tion, higher order derivatives.

(7.2) differentiation and Applications


Slope of a curve, Marginal function, average functions, optimization for functions of one vari-
able, elasticity and the derivative etc.

2
(7.3) Integration and Application The indefinite Integral, integration with initial conditions,
Techniques of integration, the definite integral, the fundamental theories of integral calculus,
areas, area between two curves, the consumers surplus (CS) and producers surplus, integration
by parts.

GRADING

This course will be assessed as follows:

Quizzes will be given every week, Presentations will be done per groups that will be assigned. Tests
and assignments will be given. 30% from tests and assignments (continuous Assessments) 70% from
the Final Examination.

Disclaimer No plagiarism is allowed in this course, all forms of Assessments should be done by each
student. If a student is found with copied work, serious penalties will follow.

RECOMMENDED BOOKS

(1) Introductory Mathematical Analysis for Business, Economics and the Life and
Social Sciences, Ernest F Haeussler, Jr Richard S Paul.

(2) Mathematics for Economics and Finance Methods and Modeling, Martin Anthony
and Norman Biggds.

(3) Essential Mathematics for Economics and Business, Teresa bradey and Paul Pattton.

(4) Calculus for Business Economics, Tailoka F P.

(5) Mathematical Analysis for Business, Economics and Life Social Sciences, Jagdish C
Arya and Robin W Lardner.

(6) Essential Mathematics for Economics, 2nd Edition, J Black and J F Bradley.

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