COMSATS Institute of Information Technology, Attock Campus

Detailed Course Outline Business Mathematics (MTH109) BSBA-II Introduction: The Course on Business Mathematics will introduce the students of business administration on how to apply basic mathematical tools to support their business decision making. The course will introduce the students with the basics of differentiation and integration and their application in terms of optimization, basic of statistical measures and probability, linear programming and basic differential programming and control theory and o t her mea s u r e s relevant most commonly used in decision ma k king. Objectives: Main objectives of this course are to Introduce most commonly used quantitative (mathematical and some statistical) concepts and their application Enable the students to identify major business problems to be solved using mathematical techniques Enable them to develop a rationale for decision making based on mathematical solutions Enable students to identify basic statistical data using various sources of secondary and methods of collections primary data Enable them to use computer technology proficiently for data analysis and decision making Fall 2011

Course Outcomes: After completing this course, students will be: Able to understand important mathematical approaches and identify major business and management related areas analyzable using such approaches Able to solve pertinent business problems using mathematical techniques and the related applicable computer applications Able to convert business problems into mathematical models and identify various applications generalizable for business prosperity. Able to develop a hand on available and more advanced computer applications using mathematical techniques and IT solutions.

Teaching Strategy: The course follows the schedule as set out in the table. The table presents complete details of teaching and lecture wise topics, any practical conduction requirements, quizzes and assignments. Quizzes will also be conducted as proposed as planned.

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Week/Lecture Lecture 1 Week 1 Lecture 2

Course content Basic Mathematical Concepts and their review Solution of various business problems Graphs and Tables Ratios and Proportions Problems in Partnership Function Types, Graphing, Reading Graphs Developing mathematical functions of various business problems

Book, Q/A

Lecture 1 Week 2 Lecture 2

interpreting the graphs available from books and examples Calculations based on graphs. Calculating and interpreting slopes. Distance formula and its applications

Lecture 1 Week 3 Lecture 2

Theory of Limits Basic Rules of Limits

Limits and Continuity of functions Testing Continuity Difference Quotients

Quiz from previous chapter & Assignment for next 2 weeks

Lecture 1 Week 4 Lecture 2

Rules of Differentiation Problems solutions using the defined rules

Application of Differentiation Case studies solutions using above rules and decision making Optimization of functions involving ONE independent variable Case solutions

Week 5

Lecture 1

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Lecture 2

Optimization of functions involving TWO independent variable Case solutions Anti-derivatives Rules of Integration

Lecture 1 Week 6 Lecture 2

Topics in Integration and Application Rules of Definite Integrals Finding area under the curve

Quiz from previous chapter & Assignment for next 2 weeks

Lecture 1 Week 7 Lecture 2

Why are Statistics Needed? 95 Measures of Averages 96 Measures of Variability 100 Why are Statistics Needed? 95 Measures of Averages 96 Measures of Variability 100

Lecture 1 Week 8 Lecture 2

Revision of Mathematical Equations and solutions Quiz from Revision of Matrix Algebra previous Types of Matrices chapter & Assignment Regression and Correlation for next 2 Simple Regression of one and two independent weeks variables How to interpret results from practical data analysis

Lecture 1 Week 9 Lecture 2

Introduction to Mathematical Programming Limits of Differentiating traditional mathematical function under a single constraints

Introduction to Linear Programming Graphical Approaches

Week 10

Lecture 1

Introduction to Linear Programming Simplex Algorithm-part (I)

Quiz from previous chapter &

COMSATS Institute of Information Technology, Attock Campus

Lecture 2

Introduction to Linear Programming Simplex Algorithm-part (II)

Assignment for next 2 weeks

Lecture 1 Week 11 Lecture 2

Interest Nominal and Effective Interest Present Value Investment Appraisal Replacing Equipment Annuities and Mortgage Evaluations Determinants of Financial Constrains definitions and examples

Lecture 1 Week 12 Lecture 2

The Importance of Quality Techniques in Quality Management Statistical Process Control Control Charts --- Part One The Importance of Quality Techniques in Quality Management Statistical Process Control Control Charts --- Part Two Differential Equations Introduction and problem statement

Quiz from previous chapter & Assignment for next 2 weeks

Lecture 1 Week 13 Lecture 2

Differential Equations Problem solution; Techniques

Week 14

Lecture 1 Lecture 2 Lecture 1 Lecture 2

Computer Applications to Solve Mathematical problems --- Part One Computer Applications to Solve Mathematical problems --- Part Two Revision and Further Learning Revision and Further Learning

Week 15

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Evaluation: The main emphasis will be on the students practical data collection, presentation and analysis skills of the taught course material which they are expected to complete during the semester and will be supervised all along. The quizzes and assignments will be conducted and will be based on their practical quantitative research following the deadlines for various stages. The 25% component of the total 100 Mark will be evaluated using quizzes, assignments and research before the end of Week. 13 of the semester so as they have enough time for preparation for the Terminal Examination which carries 50% mark. No deadline relaxation of any type without a valid reason as defined in this regard will be entertained. The complete table of evaluation is as: Marks Distribution: Marks obtained in 4-6 Quizzes Marks obtained in 4-6 Assignments/Project phases Total Q/A: First Sessional Second Sessional Total Sessional Marks: Terminal Examination Course Total Marks: Minimum Passing Marks: 10% 15% 25% 10% 15% 25% 50% 100% 50%

Reading & learning resources: 1 . A p p l i e d M a t h e m a t i c s forbusiness,economicsandothersocialsciencesbyF r a n k S B u d n i c k 2. Business Mathematic, Selected titles available from Library 3. Mathematics for Economics, Schaums Outlines Series Course Instructor: Muhammad Anees, MS Economics, Sheffield University, UK www.aneconomist.com