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Module Outline BM1040

This document outlines a module on business mathematics for first year business students. The module is worth 3 credit points and will be delivered through weekly lectures and tutorials. It aims to provide students with an understanding of key mathematical concepts used in business decision making. Topics covered include algebra, exponents, logarithms, matrices, financial mathematics, differentiation, and integration. Assessment will be based on a midterm exam, quizzes, and a final exam. The module requires students to achieve an overall grade of C or higher to pass.

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Shenali Nupehewa
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8 views

Module Outline BM1040

This document outlines a module on business mathematics for first year business students. The module is worth 3 credit points and will be delivered through weekly lectures and tutorials. It aims to provide students with an understanding of key mathematical concepts used in business decision making. Topics covered include algebra, exponents, logarithms, matrices, financial mathematics, differentiation, and integration. Assessment will be based on a midterm exam, quizzes, and a final exam. The module requires students to achieve an overall grade of C or higher to pass.

Uploaded by

Shenali Nupehewa
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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DEPARTMENT OF BUSINESS MANAGEMENT

FACULTY OF BUSINESS
MODULE OUTLINE

Module Name Business Mathematics


Module Code BM1040 Version No. 2016-1
Year/Level 1 Semester 1
Credit Points 3
Pre-requisites None
Co-requisites None
Methods of Delivery Lectures (Face-to-face) 2 Hours/Week
Tutorials 2 Hours/Week
Course Web Site http://courseweb.sliit.lk
Date of Original Approval May 2016
Date of Next Review May 2019

MODULE DESCRIPTION

This module provides an underpinning and understanding of Mathematical concepts


Introduction and applications used in the business world to aid decision making.

On completion of this module, the students will be able to:


Learning
Outcomes LO1: Convert the real world problems in to mathematical equations by using
Algebraic techniques and find the solutions by solving the algebraic
equations.
LO2: Solve linear and non-linear equations using numerical and graphical
techniques.
LO3: Apply laws in exponents and logarithms to solve the real world problems.
LO4: Calculate the indices and interpret the changes of the variables
LO5: Convert real situations in to matrices and find solutions to practical problems
by using metric algebra.
LO6: Apply financial mathematics techniques to solve the problem financial data
LO7: Apply Differentiation and Integration techniques to make decision in
Business filed.

Assessment During the semester, there will be a mid-term exam and a final exam. The mid-term
Criteria test will be based on lectures and tutorial work covered until the week before it is
held. The final examination will be a comprehensive exam based on the all topics
covered during the semester.
• Continuous Assessment
o Midterm Examination 20% LO1 – LO4
o Quizzes 20% LO5 – LO6
• Final Examination 60% LO1 – LO7
TOTAL 100%
Module To pass this module, students need to obtain a pass mark in both “Continuous
Requirement Assessments” and “End of the Semester Examination” components which would
result in an overall mark that would qualify for a “C” grade or above.

Learning Recommended Texts


Resources
• Clendenen, G., Salzman, S. A. & Miller, C. D., 2012. Business Mathematics.
12th Edition ed. s.l.:Pearson.
• Khan, M. S., 2012. A Textbook of Business Mathematics. New Delhi: Viva
Books.
• Sehgal, K. L., 2010. Business mathematics. New Delhi: Himalaya
Publishing House.

MODULE ADMINISTRATION PROCEDURE

Contact Information
Lecturer-in-charge
Telephone E-mail [email protected]
Location Business Faculty Building
Consultation Time

CONTENTS OF THE MODULE

• Algebra
▪ Algebraic equations
▪ Converting word problems to Algebraic equations
▪ Solving Algebraic equations
▪ Solving linear and quadratic equations

• Real line and Graph of Equation


▪ Number line
▪ Cartesian Plane
▪ Drawing linear functions
▪ Drawing quadratics functions
▪ Solving equations using graphs
• Exponents and Radicals
▪ Introductions
▪ Properties of Exponents and Radicals
▪ Simplifying Exponents and Radicals
▪ Laws of Exponents and Radicals

• Logarithm
▪ Exponential functions
▪ Logarithms
▪ Evaluating Logarithms
▪ Laws of Logarithms
▪ Changing the base of Logarithms

• Introduction to Index Numbers


▪ Definition of Index numbers
▪ Index relatives
▪ Price indices

• Permutation and Combination

• Introduction to Matrices
▪ Introduction
▪ Usage of Matrices
▪ Matrix Arithmetic
▪ Determinant and Inverse of a matrix

• Financial Mathematics
▪ Simple and compound interest
▪ Types of interest
▪ Applications of Financial Mathematics

• Differentiation
▪ Definition of differentiation
▪ Rules of differentiation
▪ Second derivative
▪ Turning point
▪ Behavior of turning point

• Integration
▪ Definition of integration
▪ Rules of Integration
▪ Definite integrals
▪ Area under the curve

• Applications of Calculus
▪ Cost function
▪ Revenue function
▪ Profit function
▪ Minimization and maximization of functions
▪ Break even analysis

Generic Information

Any type of plagiarism is not allowed.

Plagiarism: Academic honesty is crucial to a student’s credibility and self-esteem, and ultimately
reflects the values and morals of the Institute as whole. A student may work together with one or a
group of students discussing assignment content, identifying relevant references, and debating issues
relevant to the subject. Plagiarism occurs when the work of another person, or persons, is used and
presented as one’s own.

----------End of Module Outline ----------

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