Kwame Nkrumah University

School of Business Studies

COURSE NAME: MATHEMATICAL ANALYSIS
COURSE CODE: BEC160

Course Lecturer: Mr. Chikumbe, S. E.

[email protected]

Lectures: Monday 13.00-15.00 Venue: CS1

Wednesday 13.00-14.00 Venue: CS1
Tutorials: Wednesday 14.00-15.00 Venue: CS1
Office Hours: Friday 10-12
Description of the Course
Mathematical analysis is the branch of mathematics dealing with the application of mathematical skills and
related theories, such as differentiation, integration, measure, infinite series, and analytic functions. The course
introduces the students to basic concepts that are needed when making critical business decisions.

Rationale
Understanding and appreciation of mathematics is critical and essential in understanding the complex
business environment.

Aim
The aim of this course is to introduce students to business mathematical concepts and skills.

Learning outcomes
By the end of the course, students should be able to:
i Demonstrate knowledge of business mathematics and concepts
ii Apply business mathematical skills to complex business decision making
iii Use calculus to make decisions on maximizing revenue and minimizing costs

Course Content
1. Equations and Inequalities
 Sets of real numbers
 Exponents and radicals
 Operations with algebraic expressions
 Equations; Linear and Quadratic
 Simultaneous equations
 Linear Inequalities; absolute value
(Heaussler, chapter 1)
2. Indices and Logarithms
 Rules of indices
 Logarithms`
(Jacques, chapter 2)
3. Matrix Algebra
 Definition of a matrix
 Addition and subtraction
 Multiplication of matrices
 Determinants and Inverses
 Solving equations using Cramer’s rule
 Applications
(Heaussler, chapter 6)
4. Mathematics of Finance
 Summation manipulation
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  Sequences
 Simple and compound interest
 Net present value and internal rate of return
 Annuities
(Jacques, chapter 3, Heaussler, chapter 5)
5. Functions and Graphs
 Definition of a function
 Types of Functions
 Inverse functions
 Symmetry, Translations and Reflections
 Graphs of functions
(Jacques, chapter 2, Heaussler, chapter 2)

6. Differentiation
 Derivative of a function
 Rules of Differentiation
 Marginal functions; Applications
 Elasticity
 Optimization of economic functions
 Multi-Variable Calculus; partial differentiation
(Heaussler, chapter 11, Jacques, chapter 4 and 5)
7. Integration and Application
 Indefinite integral
 Definite integral
 Application
(Jacques, chapter 6, Heaussler, chapter 14)
8. First and Second Order Differential Equations
 First order differential equations
 Second order differential equations
(Heaussler, chapter 14 and 15, Jacques, chapter 9)

Distribution of Hours
Week/Date s/n Topic Lectures Total Hours Tutorials Assessment
sessions
TERM 1
1-4 1 Equations and 8 12 4 1 Quiz
Inequalities
5-6 2 Indices and Logarithms 4 6 2 1 Assignment
7-11 3 Matrix Algebra 10 15 5 1 Assignment
12-13 Review Test 1 Test
TERM 2
1-5 4 Mathematics of Finance 10 15 5 1 Assignment
6-8 5 Functions and Graphs 6 9 3 1 Assignment
9-12 6 Differentiation 8 12 4 Quiz
13 Review Test 1 Test
TERM 3
1-3 7 Integration and 8 12 1 Assignment
Application
4-7 8 First and Second Order 8 12 4 1 Assignment
Differential Equations
8-9 Review Test 1 Test
10-13 Final Examination
Total 93 27
Hours
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12 credits of Time (1 credit=10 hours).

Method of Teaching
• 3 lecture hours per week
• 1 tutorial hour per week

Assessment
You are expected to complete all assignments in time. No late homework will be accepted. Missing any
assessment without written notification will result in a loss of marks. No make-up tests or assignments.

• Continuous Assessment 50%

Seminar presentations /assignments -20%

3 Tests of equal weight -30%

• Final Examination 50%

Mandatory Readings
i. Heaussler, E. F. etal. (2011), Introductory Mathematical Analysis; For Business, Economics and
Life and Social Sciences, 13th ed. New York, Prentice Hall.
ii. Jacques, I. (2006). Mathematics for Economics and Business.5th Ed. Harlow: Pearson Education Ltd.
iii. Bradley, T. and Patton, P. (2002). Essential Mathematics for Economics and Business. 2nd ed. New
Delhi: Wiley India.

Recommended/Additional Readings
i. Bostock, L., Chandler, S. (1981). Mathematics: The Core for A-Levels. Cheltenham Stanley Thornes
Publishers Ltd.
ii. Davies, H.G., & Hicks, G.A. (1990). Mathematics for Scientific and Technical Students. London:
Longman Groups.
iii. Berenson & et.al. (2009). Basic Business Statistics: Concepts and Applications.11th edition.
London: Pearson Education Limited.
iv. Newbold & Calson. (2000). Statistics for Business and Economics. 6th edition. New Jersey: Pearson
Education International.

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