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Course Outline Business Mathematics 2020 NUST

This document provides details about the Fundamentals of Business Mathematics course offered at the National University of Sciences & Technology. The 3 credit hour course is taught over 18 weeks and covers topics including numeric and algebraic basics, functions, systems of equations, matrices, calculus, integration, and applications of mathematics in business and economics. The course objectives are for students to understand basic terms and independently solve business problems. Students will be evaluated based on exams, assignments, and a final exam.

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asif abdullah
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240 views4 pages

Course Outline Business Mathematics 2020 NUST

This document provides details about the Fundamentals of Business Mathematics course offered at the National University of Sciences & Technology. The 3 credit hour course is taught over 18 weeks and covers topics including numeric and algebraic basics, functions, systems of equations, matrices, calculus, integration, and applications of mathematics in business and economics. The course objectives are for students to understand basic terms and independently solve business problems. Students will be evaluated based on exams, assignments, and a final exam.

Uploaded by

asif abdullah
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Fundamentals of Business

Mathematics

Department of International Business


& Marketing

NUST Business School


National University of Sciences & Technology

BS A&F
2K20
Course Details
Course Title: Fundamentals of Business Mathematics
Course Code: MATH-114 Prerequisite: None
Program: BS A&F 2020 Credit Hours: 3
Sections: A and B
Course Faculty

Dr. Ahsan ul Haq Satti

Course Description
The topics for this course include numeric and algebraic basics; algebraic forms and
functions; quadratic and other functions; advanced algebraic techniques; applications;
solutions of systems of equations; logarithms; exponentials; math of finance; matrix
methods; optimization; and others
Course Objectives
1. Understanding basic terms in the areas of business calculus and financial
mathematics,
2. Independently solving of business problems.
Learning Outcomes
1. Define basic terms in the areas of business calculus and financial mathematics,
2. Explain basic methods of business calculus, types and methods of interest account and
their basic applications in practice,
3. Solve problems in the areas of business calculus, simple and compound interest account,
use of compound interest account, loan and consumer credit,
4. Discern effects of various types and methods of interest account,
5. Connect acquired knowledge and skills with practical problems in economic practice.
Required Course Material
1. APPLIED CALCULUS FOR BUSINESS, ECONOMICS, AND FINANCE
Warren B. Gordon / Walter O. Wang / April Allen Materowski
2. ELEMENTRY LINEAR ALGEBRA, 6th Edition
Roa Larson / David C. Falvo
3. MATHEMATICAL FINANCE
M. j. Alhabeeb
Course Evaluation (Grade Breakup)
Grading will be done as per NBS criteria. The breakup of the grade points is as follows:
Final Exam       50 marks                 
Mid Semester Exam   30 marks            
Assignment 20 marks

2
Course Content (Weekly)
Weekly breakdown is given below
Week Lecture Topic Reading

1 Introduction of Course, Number System, Chapter 0


Algebraic Functions, algebraic Expressions and Applied Calculus for
operations with algebraic expressions, Linear Business, Economics, and
Equations and functions, Quadratic functions Finance
2 Slope of line and different forms of equation of
Chapter 1
line, Application of functions in business and Applied Calculus for
Economics (Cost, Revenue, and Profit), break Business, Economics, and
even points; Analytical solution and Graphs Finance
3 Solution of system of equation in matrix form, Chapter 1, 2
Matrix algebra, Basic operations in matrices, Elementary Linear
Algebra
4 Solving system of equation by inverse method Chapter 1, 2
and Cramer’s rule, Gauss Jordon elimination Elementary Linear
method of solving system of equation Algebra
5 Application of matrices in Business and Chapter 2, 3
Economics Elementary Linear
Algebra
6 Mathematics for Finance Introduction, Simple Chapter 1
interest rate, Term of maturity, Current value, Mathematical Finance
future value
7 Compound interest, Current value, Discount Chapter 3
factor, type of compounding, Effective interest Mathematical Finance
rate
8
MID TERM EXAM
9 Average rate of change, Limits, continuity Chapter 2, 4
Derivatives, Rules of derivatives Applied Calculus for
Business, Economics, and
Finance
10 Total and partial Derivatives Chapter 2, 4
Economics Application of Derivatives in Business Applied Calculus for
and Economics. Business, Economics, and
Finance
11 Optimization case of one variable Chapter 3, 4
Application in Business and Economics Applied Calculus for
Business, Economics, and
Finance
12 Optimization in case of More than one variable Chapter 3, 4, Applied
Calculus for Business,
Economics, and Finance

3
13 Application of Optimization in case of More than Chapter 3, 4
one variable in Business and Economics Applied Calculus for
Business, Economics, and
Finance
14 Antidifferentiation---Integration Chapter 5
Antiderivative, Integration Theorems, Simple Applied Calculus for
Power Rule, Simple Logarithmic Rule, Simple Business, Economics, and
Exponential Rule Finance
15 Applications of Antidifferentiation Chapter 5
Applied Calculus for
Business, Economics, and
Finance
16 Revision and Problems Discussion

17 BUFFER WEEK

18 FINAL TERM EXAM

Course Policies

Academic Dishonesty:
You are responsible for knowing and enacting academic conduct that is in line with the University’s
statement entitled “Academic Dishonesty” available at:
http://www.nust.edu.pk/usr/showContents.aspx?mdl=1839

The statement highlights examples of unacceptable behavior which include, but are not limited to,
the following:
 Cheating: Intentionally using or attempting to use unauthorized materials, information, or
study aids in any academic exercise; copying from another student’s examination;
submitting work prepared in advance for an in-class examination; taking an examination for
another person or conspiring to do so.
 Plagiarism: Intentionally or knowingly representing the words or ideas of another as one’s
own in any academic exercise; failure to attribute direct quotation, paraphrase, or
borrowed facts or information.

It is expected that all work that is handed will be your own.  Any ideas or content that come from
another source must be properly cited (including any content taken from the Internet, books,
articles and lectures). A handout ‘How to Avoid Plagiarism’ is provided to you along with this
course outline. It is expected from you that all your work (project, assignment and presentations)
are referenced using this handout.
Moreover, TurnItIn will be used as the plagiarism software to evaluate all your submissions. Any
acts of plagiarism and cheating will be dealt strictly and in accordance with the policy in place by
the University.

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