INTERNATIONAL ISLAMIC UNIVERSITY MALAYSIA

COURSE OUTLINE
Kulliyyah
Economics & Management Sciences
Department
Economics
Programme
Bachelor of Economics/Bachelor of Business Administration/Bachelor of Accounting
Name of Course / Mode
Business Mathematics
Course Code
ECON 1150
Name (s) of Academic staff / Instructor(s)
Dr. Alias Mat Derus (Sections 1 and 2)
Prof Dr Selamah Abdullah Yusof (Section 3)
Dr Rafia Afroz (Section 4s and 5)
Prof. Dr. Zarinah Hamid (Sections 6 and 7)
Rationale for the inclusion of the course / module in the programme
This is a required course for all students in the Kulliyyah
Semester and Year Offered
Semesters I & II
Status
Core
Level
1
Proposed Start Date
Semester I, 2016/2017
Batch of Student to be Affected
Semesters I & II
Total Student Learning Time (SLT)
Guide
Forma d Credit Value / Hours
Face 3
l Indepe Total Student Learning Time
to Pre-requisites (if any)
Assess ndent (SLT)
Face Nil
ment Learni
ng Co-requisites (if any)
Nil
AssignmentReading
Consultation

Course Objectives
Discussion

Midterm
Quizzes
Lecture

The objectives of this

course are to:
1. Provide
students with
42 13 3 2 42 18 120 basic
mathematical
principles, techniques and tools.

1
 T&L/ Skills
Assessment Strategies
How they are Description
Assessment
developed method
Basic concepts on
Teaching-learning Class discussions Quizzes and Exams
Lectures and class discussions
mathematics
strategies Lectures
2. Introduce
Assessment strategies Class participation
Solve economic Class discussions Quizzes and students to
In-class evaluation activities
problems Lectures Exams applications
Quizzes
of
Midterm exam
Team-work and Group Final
discussions Assignments mathematics
Exam
communications (not graded) in economics,
business and
accounting.
Learning Outcomes
Upon completion of this course, students should be able to:
1. Identify the relevant mathematical operations and techniques to solve a particular
problem.
2. Perform mathematical operations and techniques related to functions and
matrices.
3. Interpret and relate mathematical concepts to economics, business and accounting
problems.
4. Apply the mathematical concepts and offer solutions to economics, business and
accounting problems.
Transferable Skills:

Teaching-Learning and assessment strategy

2
 LO Method %
1,2,3,4 In-class evaluation activities/Quizzes 30
1,2,3,4 Midterm 25
1,2,3,4 Class participation 5
Course Synopsis
1,2,3,4 Final Examination 40 This course is designed
for all first year students of KENMS. The course will equip students with the basic
mathematical tools and foundation needed to comprehend other courses with quantitative
contents. Students are expected to refresh themselves with basic functions and equations.
Topics covered include matrix algebra, differentiation, multivariate calculus, integration
and linear programming.

Mode of Delivery
Lectures, tutorials, discussions
Assessment Methods and Type / Course Assessment
State weightage of each type of assessment.

Mapping of the course / module to the programme aims

Mapping of course / module to the Programme Learning Outcomes
Programme Outcomes
Learning Outcome of the course
O1 O2 O3 O4 O5 O6 O7 O8 O9 O1010
Identify the relevant mathematical
operations and techniques to solve a
particular problem.
Perform mathematical operations and
techniques related to functions and

matrices.

Interpret and relate mathematical

concepts to economics, business and

accounting problems.

Apply the mathematical concepts and

offer solutions to economics, business

and accounting problems.

Distinguish between Islamic

economic principles and conventional
economic principles

3
 Content outline of the course / module and the SLT per topic
Weeks Topics Learning Hours Task/Reading
(refer to Notes for
explanation)
1,2 Review 3+1+3 Chapters. 1,2,5
Functions
linear,
3+1+3
quadratic,
exponential,
logarithmic
Systems of
linear equations
Applications of
linear,
quadratic,
exponential and
logarithmic
functions in
business and
economics
3,4 Matrix Algebra Chapter 3
Matrices 3+1+3+2
Matrix
operations
Solving 3+1+3+2
systems of
linear equations
Inverse of a
Matrix
Applications,
Leontief Input-
Output Analysis
5 Differentiation 3+1+3+2 Chapter 9
Derivatives as rates of change
Rules of differentiation: constant, power
forms, sums or difference, product, quotient
and chain rules.
Higher-order differentiation
Applications

4
6 Curve Sketching 3+1+3 Chapter 10
Identification of maxima and minima
Second-derivative test
Applications
7 Additional differentiation Topics 3+1+3+2 Chapter11
Derivatives of logarithmic and exponential
functions
Implicit differentiation
Elasticity of demand
Applications
MID-SEMESTER BREAK

8 Multivariate Calculus 3+1+3+2 Chapter 14

Functions of several variables
Partial derivatives
Applications

9 Multivariate Calculus (continued...) 3+1+3+2 Chapter14

Higher-order partial derivatives
Optimisation of bivariate functions
Applications
10 Multivariate 3+1+3+2 Chapter 14
Calculus
(continued...)
Optimisation
subject to
constraints
Lagrange
multiplier
method
Applications

5
 11 Integration 3+1+3 Chapters 12, 13
Indefinite integral
Rules of integration
Definite integral: the fundamental theorem of
calculus
Area between curves
12 Integration 3+1+3+2 Chapters 12,13
Applications of integration

13 Linear Programming 3+1+3+2 Chapter 4

Linear inequalities in two variables
Graphical solutions
Applications
14 Revision 3+3
Quizzes 3
Mid-term exam 2
Final exam -
Total SLT 120
Main references supporting the course

Required
Harshbarger, R.J. & Reynolds, J.J. (2013). Mathematical Applications for the Management, Life and Social
Sciences, 10th Edition, Brooks/Cole Cengage Learning, USA.
Prepared by: Checked by: Approved by:

Prof. Dr Selamah Assoc. Prof. Dr Prof. Dr. Maliah Sulaiman

Abdullah Yusof Mohd Nahar Mohd Dean
Course Arshad Kulliyyah of Economics & Management Sciences
Coordinator Head
Department of Department of
Economics Economics
Kulliyyah of Kulliyyah of
Economics & Economics &
Management Management
Sciences Sciences

At the end of the programme, Students are able to:

6
1 Demonstrate an understanding of economic knowledge both from
conventional and Islamic perspectives and awareness of Knowledge
contemporary development of the discipline.
2
Utilize quantitative and qualitative techniques and creative
Practical Skills
thinking to solve economic problems.

3 Cooperate with others in providing solution to problem faced in

Social skills and
socially responsible manner for the progress of the nation and the Responsibilities
ummah.
4
Value,
Demonstrate behavior consistent with professional ethics and
Attitudes,
Islamic values. Professionalism

5
Demonstrate effective communication skills with mutual respect. Communication

6
Develop, implement and evaluate basic strategies and action plan. Problem
Solving and
Scientific Skill

7 Recognize the importance of continuing professional development Information

and changes in economics. Management
and Lifelong
Learning
8
Be creative and innovative in managerial and entrepreneurial Managerial and
endeavors. Entrepreneurial

9
Leadership and
Demonstrate effective leadership skills imbued with Islamic value. Team Skills

10 Islamisation
Islamisation of knowledge; integrating the values, principles, and
of Knowledge
practices of Islam into the field of banking and finance
(IOK)