SYLLABUS

Faculty Program Unit Code Credits Semester Prerequisite Lecturer Content : : : : : : : : : Economics Management Mathematics for Business 3 (classroom hours) 1 Suresh Kumar The students can apply the mathematics tools to solve business problems

Objectives Upon completion of this course, students are expected to be able to: 1 2 3 4 5 6 7 8 To construct mathematical equation from given problems To differentiate between linear equations, quadratic equations and some polynomial equations To construct data presentation from linear, quadratic and polynomial equations into matrix algebraic To sketch linear and quadratic graphics To construct Maximum and Minimum values of quadratic functions application To analyze maximum and minimum profit with marginal analysis To solve integration application problems To determine the area indicated in figure through integration method

Learning Activities / Classroom Policy Students are required to be in class and to actively participate in class instructions. Students will complete a mid-term exam (classroom examination), four term exams, and a final project. Students must attend 80% of the class attendance. For those who fail to attend the class more than 3 times are considered fail and will get straight E. Make-up Tests
1

Make-up tests will be arranged only in cases of illness, emergencies, or absolutely unavoidable situations. Students must explain such situations with appropriate supporting documents to justify a make-up test. Evaluation Assignments Term Exam 1 Term Exam 2 Term Exam 3 Term Exam 4 Mid-Term Exam Final Exam Total Week due Week # 3 Week # 6 Week # 11 Week # 13 Week # 7 Week # 14 Percentage 5% 5% 5% 5% 40% 40% 100%

Grading Policy A B C D E 85-100 70-84 60-69 55-59 <55

References Budnick and Frank. (1993). Applied Mathematical for Business and Social Science. (4th ed). New York: The McGraw-Hill Companies, Inc. Haeussler, Jr. Ernest., Ernest, Richard S. Paul and Richard Wood, Introductory Mathematical Analysis for Business, Economics, and the Life and Social Science (11th ed.). New Jersey: Pearson Education, Inc. Jacques, Ian. (2006). Mathematics for Economics and Business. (5th ed) New Jersey: Pearson Education, Inc.

Course Schedule Matrix Week Topics / Sub Topics Objectives Assignments and Assessments Budnick Section 2.1 No. 24, 25, 26, 29, 30 Section 2.3 No. 25, 26 Section 2.4 No. 1, 3, 7, 9, 23, 27, 31, 32, 34, 35, 37, 39 Section 2.6 No. 7, 9 Source

Introduction to the Students are able : course To determine the Linear Equation equation which Characteristics of represents a linear Linear Equations relationship Graphical To graph the linear Characteristics equations Slope-Intercept Form To solve a variety Determining the of application of Equations of a Straight linear application Line Linear Equations Involving more than Two Variables Additional Applications

Budnick Ch 02

Two Variable Systems of Equations Elimination Method Graphical analysis More than 2 Variables

Students are able : To solve two or more variable systems of equation using

Budnick Section 3.1 No. 11, 13, 15, 17, 19, 29, 31,

Budnick Ch 03

Selected Application

elimination and graphically analysis To interpret the result

33 Example 16, 17, 18, 19 Section 3.4 No. 7 Essay Test Budnick Ch 05

Term Exam 1 Linear Function Applications Linear Cost Functions Linear Revenue Functions Linear Profit Functions

Week 1 and 2 Students are able :

To identify total costs in terms of total variable cost and total fixed cost To compute total revenue To construct the profit function To interpret the result

Linear Function Applications Straight-Line Depreciation Linear Demand Functions Linear Supply Functions Market Equilibrium Break-Even Analysis

Students are able :

Budnick Section 5.2 No. 1, 3, 7, 11, 13, 19 Section 5.3 No. 6, 9, 10, 11, 13

Budnick Ch 05

To construct the linear function To sketch the linear function To analyze the market equilibrium prices trough the supply and demand functions To analyze the profitability of a firm through

 5 Quadratic Functions

Break-Even Analysis To interpret the result Budnick Section 6.1 No. 1, 5, 17, 19, 33, 35 Section 6.2 No. 1, 3, 7, 9, 13, 14 Budnick Ch 06

Students are able :

Definition Graphical Representation Applications Quadratic Revenue Functions Quadratic Supply Functions Quadratic Demand Functions Supply Demand Equilibrium

To identify quadratic functions To construct the quadratic equation To sketch the quadratic functions To solve polynomial functions

Polynomial Functions 6 Term Exam 2 Review : 7 8 Linear Application Quadratic Application Week 3 and 4

MIDTEST Matrix Algebra Matrix Operations The Determinant The Inverse of Matrix Selected Application Students are able : Budnick Section 9.2 No. 3, 7, 9 Section 9.3 No. 9, 21, 23, 25, 37, 39, 41, 45 Section 9.4 No. 3, 9 Section 9.5 No. 5, 7 Budnick Ch 09

To summarize and display numbers or data To rearrange the data elements in a matrix through transpose of a matrix To construct matrix operations such as addition,

subtraction, Section 9.6 multiplication No. 1, 3, 7, 11 To construct matrix representation of system of equations To compute a realvalued number of a square matrix To determine the inverse of a matrix

Differentiation Rules of Differentiation Higher-Order Derivatives Identification of Maxima and Minima

Students are able : To identify the maximum and minimum values

Budnick Section 15.5 No. 5, 9, 27, 35 Section 15.6 No. 39, 47 Section 15.8 No. 11, 15, 27 Section 16.2 No. 1, 15, 29

Budnick Ch 15 and Ch 16

10

Optimization Applications: Revenue Application Cost Application Profit Application Marginal Approach to Profit Maximization Real Estate Application Welfare Management Compensation Planning Elasticity of Demand

Students are able :

Budnick Section 17.1 No. 1, 3, 13, 15, 19, 23

Budnick Ch 17

To construct maximum revenue To construct minimum cost To construct maximum profit To analyze maximum profit through marginal analysis

11

Term Exam 3 Integral Calculus The rules of integration Other techniques of Integration

Week 9 and 10 Students are able :

Budnick Section 18.2 No. 9, 17, 21 Section 18.3 No. 13, 15, 23 Section 18.4 No. 9, 11, 15, 17 Budnick Ch 18

To solve integration problems using different techniques

12

Integral Calculus: Applications Definite Integrals Definite Integrals and Areas Applications of Integral Calculus

Students are able :

Budnick Section 19.1 No. 23, 25, 27, 51, 53, 57 Section 19.2 No. 1, 3, 5 Section 19.4 No. 1, 7, 9, 11

Budnick Ch 19

To solve definite integrals To determine the area indicated in a figure

13

Term Exam 4 Review:

Week 11 and 12

14

Matrix Differentiation Integral Calculus Evaluation

FINALTEST