INDEPENDENT UNIVERSITY, BANGLADESH

School of Business
BBA Program Course Outline
Semester
Autumn
2016

Course Code
BUS 202

Course Title
BUSINESS MATHEMATICS

Section
01

INSTRUCTORS DETAILS:
Instructor:
Office:

Md Aynul Hoque
2007

Class Time:

MW 3:20-4:50

Class Room:

2012

Office Hours:

ST: 10:00 a.m. - 13:30 p.m.

MW: 10:00 a.m. - 11:10 p.m.
1:00 p. m- 3:10 p.m.
Thursday: 11.30 am-3.30 pm

My SB

http://103.254.86.4/sb/course/view.php?id=45

Address:

COURSE DESCRIPTION:
Business Mathematics is a core subject for the business students. Business mathematics is an important
tool for solving the business problems in the area of finance, accounting, economics, production and
general management, and sales and marketing. Differential and Integral calculus is used for a wide range
of application like optimization, calculation of regular and irregular areas, curve sketching, maximization
and minimization problems etc. The objectives of this course are to teach the various tools and techniques
so that the students will be able to solve the various real life business problems.
This course covers the mathematical processes and techniques currently used in the fields of business and
finance. It includes a review of basic business math skills with particular emphasis on linear equations,
system of linear equations, determinants, logarithmic and exponentials functions, percentages, interest,
discounts, simple interest, compound interest, annuities, sinking fund, amortization, and optimization
problems.
PREREQUISITE (IF ANY):
MAT 101(Intermediate university mathematics II)

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COURSE POLICY:
1. It is the students responsibility to gather information about the assignments and covered topics
during the lectures missed. Regular class attendance is mandatory. Points will be taken off for
missing classes. Without 70% of attendance, sitting for final exam is NOT allowed. According to
IUB system students must enter the classroom within the first 20 minutes to get the attendance
submitted.
2. The date and syllabus of quiz, midterm and final exam is already given here, however,
announcements will be given ahead of time. There is NO provision for make-up quizzes.
3. The reading materials for each class will be given prior to that class so that student may have a
cursory look into the materials.
4. Class participation is vital for better understanding of sociological issues. Students are invited to
raise questions.
5. Students should take tutorials with the instructor during the office hours. Prior appointment is
required.
6. Students must maintain the IUB code of conduct and ethical guidelines offered by the School of
Business.
7. Students must refrain from any type of cheating and/or plagiarism in a course. Any student acting
otherwise will receive an F grade in the course. School of Business, IUB, maintains a zero
tolerance policy regarding violation of academic integrity.
8. Students are not allowed to keep bags, handouts, books, mobile phones, smart watches or any

other smart electronic devices with them during any exam. Students are advised to keep
everything in the front of the class room before the exam starts. Please note that, just carrying
any smart electronic devises (even if the devise is turned off or put it in silent mode) during the
exam will be considered as cheating. Moreover, during the exam, anything written on hand
palms (or anywhere else) and carrying paper materials (whatever is written) will be considered as
cheating. Any sorts of cheating will result in an F grade with no exception. During the
exam, students are only allowed to carry pen, pencil, eraser, sharpener, ruler, highlighter and
calculator in a clear plastic bag.
ASSESSMENT AND MARKS DISTRIBUTION:
Type of Evaluation
Class Attendance and Participation
Quiz (Best three will be counted)
Midterm Exam
Final Exam
Total

Nos.
100%
4
01
01

Weight
5
30
30
35
100%

[Class attendance is mandatory; failure to do so may result in the deduction of final marks]
GRADE CONVERSION SCHEME:
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The following chart will be followed for grading. This has customized form the guideline provided by
the school of Business.
A
90-100

A85-89

B+
80-84

B
75-79

B70-74

C+
65-69

C
60-64

C55-59

D+
50-54

D
45-49

F
0-44

* Numbers are inclusive

REQUIRED TEXT:
The course will be based mostly on the following books [some other books and journals may be referred
time to time]:
Earl Bowen, Pritchett/Saber, Mathematics with application in Management and Economics (seventh
edition), IRWIN
Link to virtual learning system: http://103.254.86.4/sb/ (School of Business Faculty name- Login
as a guest- password is 1234).
MORE READINGS:
T. Dowling, Introduction to mathematical economics, 3rd edition. Mc Graw Hill
S. M. Shahidul Islam, Business Mathematics, Abir Publications
Additional reading materials, cases and case study questions will be provided before the related
sessions.
CLASS AND EXAM SCHEDULE, TOPIC AND READINGS:

Sessions
Session
-1

Date
17/01/16
Sunday

Topic
Introduction

Session
-2

19/01/2016
Tuesday

Linear Equation
and Functions

Session
-3

24/01/16
Sunday

Linear Equation
and Functions

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Learning Outcomes
Introduction to Business
Mathematics, Explanation of
Course Outline
Concept of linear equations,
coordinates, independent and
dependent variables, slopes,
intercepts.
Parallel and perpendicular lines,
revenue cost and profit
functions,

Readings
Course Outline

Prichett/John C.
Saber
Chaper-01,
Pages 17-37
Prichett/John C.
Saber,
Chapter-01
Pages 47, 53

Session
-4

26/01/2016
Tuesday

Linear Equation
and Functions

Break-even analysis.
Applications problems

Prichett/John C.
Saber
, Chapter-01
Pages 64-69

Session
-5

31/01/16
Sunday

System of Linear
Equations

Systems, number of solution

possible in a system (single
solution)

QUIZ-01

Session
-6

02/02/2016
Tuesday

System of Linear
Equations

Prichett/John C.
Saber
, Chapter 2
Pages 71-75

No solution and unlimited solution.

Supply and demand analysis.

Prichett/John C.
Saber
, Chapter 2
Pages 76-87

Session-7

07/02/16
Sunday

System of Linear
Equations

Application problems (Examples

and Problem set)

Prichett/John C.
Saber
, Chapter 2
Pages 90-92

Session
-8

09/02/2016
Tuesday

System of Linear
Equations

Application problems (Examples

and Problem set)

Prichett/John C.
Saber
, Chapter 2
Pages 92-93

Session
-9

11/02/16
Thursday

Matrix Algebra

Inverse matrix, solving linear

equations with inverse matrix

Session
-10

14/02/2016
Sunday

Matrix Algebra
Quiz 2

Cramers rule for matrix solution.

Application problems.

Shahidul Islam,
Chapter 5
Pages 57-60
Shahidul
Islam,
Chapter 5
Pages 61-79

Session
-11

16/02/16
Tuesday

Matrix Algebra

Cramers rule for matrix solution.

Session

23/02/16

Midterm Exam

Linear Equation and Functions,

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Shahidul
Islam,
Chapter 5
Pages 80.
Chapter- 1&2

-12

Tuesday

Session
-13

28/02/2016
Sunday

Exponential and
Logarithmic
Functions

Session
-14

01/03/16
Tuesday

Exponential and
Logarithmic
Functions

Session
-15

06/03/16
Sunday

Introduction to
the Mathematics
of Finance

Session
-16

08/03/2016
Tuesday

Introduction to
the Mathematics
of Finance

Session
-17

13/03/16
Sunday

Introduction to
the Mathematics
of Finance

Session
-18

15/03/2016
Tuesday

Introduction to
differential
calculus

Session
-19

20/03/16
Sunday

Introduction to
differential
calculus
Quiz 3

Session
-20

22/03/2016
Tuesday

Application of
differential

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System of Linear Equations,

Matrix Algebra

(Prichett/John
C. Saber)
Chapter 5
(Shahidul
Islam)

Exponential functions and its

Prichett/John C.
properties, Logarithmic functions
Saber
and its relationship with
, Chapter 5
exponential functions, conversion Pages 354-372
to each other,
Rules of logarithmic functions, use
Prichett/John C.
of the rules, natural and common
Saber
logarithm.
, Chapter 5
Pages 384-386
Simple interest and future value,
Prichett/John C.
Effective rate: simple interest,
Saber
compound interest rate and the
, Chapter 6
future value, the conversion
Pages 387-410
period, Compound discount:
present value, effective rate:
compound interest, Ordinary
annuities,
Present values and future values,
Prichett/John C.
Sinking fund payment
Saber
, Chapter 6
Pages 411-424
Amortization payment; Deferred
Prichett/John C.
annuity
Saber
, Chapter 6
Pages 425-436
Solving problems using
Prichett/John C.
different rules of differential
Saber,
calculus
Chapter 7
Pages 460-510
Solving problems using different
Prichett/John C.
rules of differential calculus
Saber,
Chapter 7
Pages 511, 514,
518
Optimization of differential
Prichett/John C.
problems (concept of stationary
Saber,

Session
-21

Session
-22

Session
-23

Session
-24

Session
-25

Session
-26

calculus
points, local maximum and local
Chapter 8
(Maxima and
minimum, end point maximum and Pages 522-530
Minima)
minimum),
27/03/16
Application of
Finding coordinates of all
Prichett/John C.
Sunday
optimum points using first,
differential
Saber,
second and third derivatives.
calculus
Chapter 8
Pages 531-546
29/03/2016
Application of Finding coordinates of all optimum
Prichett/John C.
Tuesday
points using first, second and third
differential
Saber,
derivatives
,
Application
problems.
calculus
Chapter 8
Pages 549-561
03/03/2016
Application of Application problems.
Prichett/John C.
Sunday
differential
Saber,
calculus
Chapter 8
(Maxima and
Page 568
Minima)
05/03/2016
Introduction to
Indefinite and definite integration,
Prichett/John C.
Tuesday
Integral calculus Solve problems using different
Saber,
Quiz 4
rules of integration.
Chapter 10
Pages 640-663
07/04/2016
Introduction to
Application Problems
Prichett/John C.
Thursday
Integral calculus
Saber,
Chapter 10
Pages 685, 686,
694, 695
As per IUB Final Exam
Chapter 5,6, 7, 8, and 10
Prichett/John C.
Examination
Saber,
Schedule
Chapter 5, 6,7,
8and 10

AUDIT:
Students who are willing to audit the course are welcome during the first two classes and are advised to
contact the instructor after that.

NOTE:
Plagiarism- that is the presentation of another persons thoughts or words as though they were the
students own must be strictly avoided. Cheating and plagiarism on exam and assignment are
unacceptable.
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UNIVERSITY REGULATION AND CODE OF CONDUCT:

Please see the green book for further information about academic regulation and policies, including
withdrawal and grading, apples and penalties for pilgrims and academic misconduct.
STUDENTS WITH DISABILITIES:
Students with disabilities are required to inform the School of Business/ Department of Economics of
any specific requirement for classes or examination as soon as possible.

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