BRIEF COURSE DESCRIPTION
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, Quadratic Equations, Matrices, percentages, interest, discounts, arithmetic payroll of taxes, bank statements, reconciliation, trade and cash discounts, establishing retail prices, consumer credit, simple interest, compound interest, annuities, business and consumer loans.
COURSE OBJECTIVES
At the end of this course, the student will be able to
 Know the use of Mathematics in Business and industry.
 Know how we can apply Mathematical Methods in solving business problems.
 Computation – Use basic mathematical operations.
 Critical Thinking and Problem Solving – Evaluate information and solve problems.
Prerequisite(s): Basic knowledge of Mathematics
Recommended Text Books:
S.No. 
Title 
Author(s) 
Assigned Code 
1 
Mathematics for Business and Economics 
Robert H. Nicholson 
Book1 
2 
Modern Mathematics with applications to Business and the Social Sciences 
Wheeler and Peeples 
Book2 
3 
Applied Mathematics for Business Economics and Social Sciences 
Frank S. Budnick 
Book3 
4 
Mathematics with Applications in Management and Economics

Bowen. 
Book4 
CONTENTS
Weeks 
DESCRIPTION 
1 
Systems of Linear Equations and Inequalities: Book1 Chap# 5· Equations
· Linear Equations in One Unknown
· Application of Linear Equations in one unknown 
2 
Simultaneous Equations: Book1 Chap# 5· Simultaneous System of Equations
· Linear equations in two Variables.
· Use of Graphs
· Application of Linear equations in two unknowns 
3 
Quadratic and Polynomial Functions: Book1 Chap# 8· Quadratic Functions and their Characteristic.
· Application of Quadratic Equations in one Unknown.
· Cubic Functions. 
4 
Exponential and Logarithmic Functions: Book1 Chap# 8· Exponential functions and its properties.
· Exponential Functions when b is Greater than 1.
· Applications of Exponential Functions in Business. 
5 
Exponential and Logarithmic Functions: Book1 Chap# 8· Logarithmic Functions.
· Logarithmic Functions and Exponential Functions.
· Logarithmic functions in Business. 
6 
Matrix Algebra: Book1 Chap# 6· Introduction to Matrices.
· Special types of matrices, Matrix operations.
· The determinant of a Matrix, The inverse of a Matrix.
· Applications in business. 
7 
Matrix Algebra: Book1 Chap# 6
· Solution of Linear Equations by using Matrix approach.
· Matrix operations (Row and Column operations).
· The determinant and the inverse of a Matrix.
· Applications in business. 
8 
Percentages, Discount and Commission: Book1 Chap# 9· Percentage and basic problems in percent
· Mark Down, Discount and commission
· There Application in business. 

Mid Term Exam. 
9 
Arithmetic and Geometric Progressions: Book1 Chap# 9· Arithmetic Progression, Geometric Progression.
· General term of an AP and GP.
· Sum of the ‘n’ term of AP and GP. 
10 
Simple Interest: Book1 Chap# 9· Simple interest and simple Discount.
· To find Principal, To find Rate, To find Time.
· Application in business. 
11 
Compound Interest: Book1 Chap# 9· Compound interest, to find Principle Time and Rate.
· Depreciation
· Application in business. 
12 
Annuity: Book1 Chap# 9· Annuities, ordinary annuity, Annuity Due. Book2 Chap# 4
· Amount of an Annuity, Amount of an Ordinary Annuity,
· Amount by use of Annuity Table. 
13 
Annuity: Book1 Chap# 9
· The Future value of an Annuity. Book2 Chap# 4
· The Present value of an Annuity.
· Rent of an Annuity when S,P are Known 
14 
Limits and Continuity: Book1 Chap# 10· Limits.
· Properties of limit and continuity,

15 
Differentiation: Book1 Chap# 10· The Derivative.
· Rules of Differentiation.
· Differentiation of Logarithmic Functions and Exponential Functions. 
16 
Integration: Book1 Chap# 11· Antiderivatives, Integration.
· Rules of integration.
· Integration by Parts. 

Final Term Exam. 