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Syllabus 3

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74 views1 page

Syllabus 3

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alikemal99924
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Course Code: BCC 103

Course Title: Business Mathematics


Marks: 100
Credit: 3 hours
(Written: 75, Internal Evaluation: 20 and Viva: 05)
Course Objectives:
The main objective of this course is to build up the mathematical knowledge of the students related to business decision
making, moreover this course will provide an understanding of basic mathematical concepts and their application in the
field of business. After completing this course the students willbe able take concrete decision about those problems
while they face in day to day business operations.

Course Contents:
1. Introduction to Business Mathematics: Importance, Scopes, Objectives and Limitations of mathematics in
business studies.

2 Number System, Indices, Surds and Logarithm: Origin and concept of number, Classification and properties
of real & imaginary numbers, Oddnumber, Prime and composite numbers, Indices, Laws of indices, Uses of
indices, Surds, Logarithm, Properties of Logarithm, Types of logarithm.
3. Functions, Equations and Inequalities: Definitions of variable, constant, parameter and function, Domain and
range, types of mathematical and business functions, Graphical representation of different types of functions,
Definition of Equations, Types of Equations, Solution methods of linear and non-linear equations, Definition of
Incqualities, Properties of inequalities, Solution of inequalities, BusinessApplication.
4 Co-ordinate Geometry: Abscissa and ordinate of a point, Rectangular co-ordinates, locus of a moving point and
its cquations, Distance between two points, Various forms of equation of astraight ine, Intersection and angle
between two lines, Business Application.
5. Set Theory: Concept, Definition, Characteristics of Set, methods of description of set, Types of Set, Basic Set
Operations, Ordered pair, Venn diagram, Cartesian Products, Business Application.
6 Permutations, Combinations and Progression: Fundamental rules of counting, Permutations, Factorial
notation, Permutation of 'n' Different Things, Circular Permutations, Permutations of Things not all different,
Restricted Permutations, Combination, Complementary Theorems, Restricted Combinations, Combinations of
things not all different, Arithmetic progression, Sum of series in Arithmetic Progression, Arithmetic Mean,
Business Application, Geometric Progression, Sum of series in Geometric Progression, Geometric Mean.,
Business Application.
7 Matrix Algebra:Definition of a matrix, Types of matrices, Matrix operations, Definition of
and properties of a determinant, Expansion of a determinant, Input-output determinant, Types
model, open and closed model, Hawkins-Simon conditions, Determination of Analysis, structure of an input - output
demand, Business and Economic Applications. technological matrix and final
8. Differential Calculus: Introduction, Rules of differentiation for single variable, Higher order
Concept of optimization, Optimization methods for single variable, derivatives,
Application. Partial and total derivatives, Business
9
Integral Calculus: The Relationship between Integral and Differential
Fundamental Theorem of Integral Calculus, Definite Integral, Calculus, Rules of Integral Calculus,
consumers surplus and Producers surplus, Business Application.Application of Integral Calculus, Determination of
Basic Texts:
1. Ann. J. Hughes, Applied Mathematics: For Business, Economics and
Science. the Social
2 R. L. Childress, Mathematics for Managerial
Decision,
3. Chiang, A.C., Fundamental Methods of Mathematical Second Edition.
Economics", McGraw Hill Book Company, London.
Reference Books:
1. Business Mathematics, D.C.
2. C.A. Bush & Y. J. E.
Sancheti and V. K. Kapoor, Current Edition.
Young, Foundation of Mathematics with Application to Social & Management
Second Edition. Science,
3. Dowling, E.T. "Introduction to Mathematical Economics
4. M. A. Taher, Business McGraw Hill Book Company, London.
Mathematics, Current Edition.

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