AMERICAN INTERNATIONAL UNIVERSITY- BANGLADESH

Dhaka, Bangladesh
Faculty of Business Administration
Department of Operations Management
MBA Program
COURSE OUTLINE
I
Course No.
: MBA 5102
Title: Mathematics for Business Decisions
II
Nature
: Core
III
Academic Term
: Summer 2015-2016
IV
Credit
:3
V
Course Description: The business interpretation in relation to the mathematical tools is the
major concentration of this course. The subject covers some key mathematical topics widely
used in business, such as functions and equations, matrices, differential and integral calculus.
As well as giving the students in these topics the course focuses on how to interpret and
solve business-related word problems and to develop simple mathematical models from a
business perspective. The course provides step-by-step guidance through sample problems
and solutions related to business and economics.
VI
Objectives: On successful completion of this course, students should be able to:
Apply mathematical skills to business applications.
Integrate the mathematical principles with their everyday business.
Solve business problems stated in words that involve matrix, function, differentiation
and integration.
Interpret and solve business related problems and to develop simple mathematical
models from a business perspective.
VII. Class and Office hour *
VIII
Topics

Topics to be covered
Specific Objective(s)

Introduction

Understand the vision and mission of AIUB.

Understand the scope of quantitative
techniques in business decision making
process.
Understand the basic operations of algebra:
real numbers, set theory, polynomials,
exponent and radicals.
Equations
Understand linear & quadratic equations,
and
exponential and logarithmic functions and
Functions
their business applications.
Model
Fitting of different types of equations with real
building
life data set
Systems of Understand the business applications: Break
Linear
even analysis and supply and demand
Equations
analysis
Mid Term Exam
Introduction
Understand the basic operations of
to Matrix &
matrix and their applications in business:
Determinant Cost, sales and profit analysis.
Introduction
Use graphs and numerical tables to
to Applied
find limits of a function and their business
Calculus:
applications.
Limits
Derivatives
Find derivatives for simple functions,
exponential functions and logarithmic
functions and their business applications.

Time Frame
(Semester
Week)
1

Suggested
Activities
Open discussions
on the topics, popup/routine quizzes,
individual and
group assignments
and presentations,
consultations.

2, 3 & 4

Teaching
Strategies
Whiteboard
presentation,
PowerPoint slides
for multimedia
projector and
uploading of
lecture notes in
the AIUB website.

5&6
7
8&9
10

11

Central Exam

Open discussions
on the topics, popup/routine quizzes,
individual and group
assignments and
presentations,
consultations

Whiteboard
presentation,
PowerPoint
slides for
multimedia
projector and
uploading of

Introduction
to Integral
Calculus
Least
Square
Estimate

Indefinite and definite integration and their

business applications.

12

Fitting the regression model

13

FINAL TERM EXAM

14

lecture notes in
the AIUB
website.

Central Exam

IX
Course Requirements
These are the things need to be accomplished properly by the students during the term such as:
1. Attending at least 80% of the classes
2. Attending quizzes and term exams
3. Submission of the assignments in due time, etc.
X
Evaluation
1. Term Exam
60%
2. Attendances and Class Performance
10%
3. Quizzes
20%
4. Assignments
10%
Total
100%
XI
Textbook / Reference Materials:
Agarwal D.R., 2003, Business Mathematics, Vrinda Publication, India
Anton R., 2000, Elementary Linear Algebra, John Wiley and Sons Inc, NY, USA
Anton H., Bivens, I., Stephen D., 2005, Calculus, Johan Wiley and Sons Inc., NY
Aziz, M.A., 2007, Solution Manual: Business Mathematics, The Angel Publication, Dhaka
Berresford, C.G., Brief Applied Calculus, Houghton Mifflin Company, Boston.
Barnet R.A., & Ziegler M.R. 2006, Applied Mathematics for Economics and Social Sciences,
McGraw- Hill, Inc., NY, USA..
Barnet R.A., & Ziegler, M.R., College Algebra, Fifth Edition, McGraw-Hill, Inc., NY, USA..
Barnet R.A., & Ziegler M.R., Applied Mathematics for Economics, Social Sciences and Life
Sciences, Fifth
Edition, McGraw-Hill, Inc., NY, USA..
Dowling, E.T., Introduction to Mathematical Economics, 3rd Edition, McGra Hill.
Gordon D. Prichett & Johan c. Saber, Mathamtis with Applications in Management and
Economics, IRWIN, Illinois
Khanna V.K., and Bhambri S.K., 2000, Business Mathematics, Vikas Publishing Housing
Pty Ltd., India
Kappor V.K., & Sancheti D.C, 2002, Business Mathematics, Sultan Chand & Sons.
Prichett Prichett G.D. and Saber J.C., 2007, Mathematics with Applications in Management
and Economics, Irwin, Australia
Timothy F.C.,2004, Practical Business Mathematics Procedure, McGraw Hill, USA