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1008 Short-Form Course Outline (Fall2023)

This course outline summarizes a Mathematics for Business and Management I course offered in the fall 2023 semester. The course has a CRN of #10405 and will be taught on Mondays and Wednesdays from 12-2 PM by Professor Alar Petersoo. Students will learn topics related to break-even analysis, simple and compound interest, and loan repayment schedules. Students will be evaluated based on two tests, weekly quizzes, and assignments, with a final exam worth 30% of the final grade held during the last week of class.

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0% found this document useful (0 votes)
29 views

1008 Short-Form Course Outline (Fall2023)

This course outline summarizes a Mathematics for Business and Management I course offered in the fall 2023 semester. The course has a CRN of #10405 and will be taught on Mondays and Wednesdays from 12-2 PM by Professor Alar Petersoo. Students will learn topics related to break-even analysis, simple and compound interest, and loan repayment schedules. Students will be evaluated based on two tests, weekly quizzes, and assignments, with a final exam worth 30% of the final grade held during the last week of class.

Uploaded by

momila
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Course Outline

COURSE NAME: Mathematics for Business and Management I


COURSE CODE: MATH 1008
PREREQUISITES: MATH 1027
CRN: #10405 Class: 12-2 PM Monday (SJA 390F)
& 12-2 PM Wednesday (SJA 327A)
PLAR ELIGIBLE: YES (X) NO ()
EFFECTIVE DATE: FALL 2023
PROFESSOR: Alar Petersoo OFFICE #: SJA 323A
PHONE: TBA/Upon Request EMAIL: [email protected]
LIST OF TEXTBOOKS AND OTHER TEACHING AIDS:

• Contemporary Business Math with CDN Appl. by Hummelbrunner (12th edition)


(…..you should already have an e-copy version – included in your tuition!)
&
Texas Instrument BAII+ calculator
EVALUATION SYSTEM:

Assessment Tool: Description: Outcome(s) EES Date / % of


assessed: assessed: Week: Final
Grade:
Test #1 Test (Wednesday Oct 4) 1,2,3,4,5 3,4,5,6 5 25%
Test #2 Test (Monday Nov 13) 1,2,5,6 3,4,5,6 11 25%
Assignments 2x5% Assignments after T2 10%
Quizzes Weekly Minute Papers All 1-9 Every 10%
(Best 10/11=10%) Wednesday!
Final Test Test (Monday Dec. 11) All 3,4,5,6 15 30%
TOTAL: 100%
TOPICAL OUTLINE:

Out-
Topic / Task Content / Activities Resources
Week come(s)
Week 1  Break-even Analysis 1,2,3  Introductions  5.1 – 5.2
 Break-even Analysis
Week 2  Break-even Chart 1,2,4  Finding the Effect of Changes to  5.1 - 5.3
 Trade and Cash Discount, Cost-Volume Profit
Markup and Markdown:  Merchandising  6.1 – 6.2
Merchandising  Trade Discount and Cash Discount
 Trade Discount  Multiple discounts
 Multiple Discounts
Week 3  Markup 1,2,4  Markup  6.3
 Markdown  Markdown  6.4
Week 4  Integrated Problems 1,2,4  Integrated problems from Chapter 5  6.5
 Review Chapters 5-6 1,2,3,4  5.1 - 5.3, 6.1- 6.5
Week 5  Test #1  In Class Test#1 on Wed. Oct 4  5.1 - 5.3, 6.1 - 6.5
 Simple Interest 1,2,5  Finding Simple Interest  7.1
 Determining number of Days  Determining the number of days
between two dates
Week 6  Finding Principal, Rate or 1,2,3,4,5  Computing the Principal, Rate and  7.2 – 7.5
Time Time
 Finding Future Value  Computing the Future Value
 Finding Present Value  Computing the Principal Value
 Equivalent Values  Computing Equivalent Values
Week 7  Simple Interest Applications: 1,2,5  Promissory Notes-Basic Concepts  8.1 – 8.2
 Promissory Notes and Computations
 Maturity Value of Promissory  Maturity Value of Interest-Bearing
Notes Promissory Notes
Week 8 INTERSESSION WEEK
Week 9  Present Value of Promissory 1,2,5  Present Value of Promissory Notes  8.3 – 8.4
Notes  Demand Loans
 Demand Loans  Lines of Credit and Credit Card Loans
 Lines of Credit and Credit
Cards
Week 10  Loan Repayment Schedules 1,2,5  Loan Repayment Schedules  8.5
 Review Chapters 7-8 

Week 11  Review Chapters 7-8 1,2,5,6  Review  7.1-7.5, 8.1-8.5


 Test #2 In class  Test#2 In class on Monday Nov 13  7.1-7.5, 8.1-8.5

Week 12  Compound Interest 1,2,5,6  Basic Concepts and computations  9.1-9.3
 Basic Concepts and Future  Using the formula
Value  Present Value of Compound Discount
 Present value of compound  Equivalent Values
interest

Week 13  Equivalent Values 1,2,5,6 Equivalent Values using Compound 9.5


 Interest 
 Finding “n”  10.1
 (Assignment#1 Distributed- Finding “n” and Related Problems 
due 7 days later)

Week 14  Compound Interest-Further 1,2,5,6  Finding “i” and related problems  10.2 – 10.3
Topics: Finding “i”, Effective  Effective and Equivalent Interest
and Equivalent Interest Rates Rates
 Assignment #2 Distributed-due 6 days
1,2,3,4,5,6 later!)

Week 15 In Class Final on Monday


 Review for Exam: Entire 1,2,3,4,5,6 Deember 11th Entire Course!
course material
(TBA)
Final Test
Please note: this schedule may change as resources and circumstances require.

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