This course aims to provide students with a good overall knowledge of the fundamental mathematical concepts, techniques and theories of Mathematics applicable to real-world problems.

 

Upon completion of this course students will be able to:

1.     Define business calculus and financial mathematics,

2.     Comprehend the solution methods of mathematical problems in the areas of business calculus, simple and compound interest account, use of compound interest account, loan and consumer credit

3.     Connect acquired knowledge and skills with practical problems

4.     Solve problems using interest account and their basic applications in practice, and comprehend the basic graphical methods

5.     Explore the various applications of mathematical logic and formulas in real-life examples.


The course aims to familiarize the students with basic Mathematical concepts required in today’s undergraduate business administration curriculum. Great emphasis is placed upon applications related to business, problem formulation and solving.

Upon completion of this course students will be able to:

1.     Examine elements of calculus and finite mathematics with emphasis on applications to problems arising in business

2.     Compute trade and cash discounts using whole numbers, fractions, decimals and percentages.

3.     Calculate simple interest, compound interest and present values using appropriate applications methods to professional standards

4.     Identify the proper use of mathematic principles for the generation and calculation of financial statements.

5.     Use the appropriate statistical terms, summarize and clarify business data.


This module aims to make the student aware of various statistical concepts and techniques that have bearing on business and other industrial organizations. Specifically, this module aims to analyze and present business data and other statistical information and to understand the use and the usefulness of probability.

Upon completion of this course students will be able to:

1.     Demonstrate a clear understanding of the fundamental statistical principles, techniques, formulas and applications.

2.     Apply advanced statistical models and methods used in business.

3.     Distinguish between discrete and continuous distributions and learn how to properly simulate them in Excel/Minitab.

4.     Define basic terms in the areas of business calculus and financial mathematics.

5.     Recognize, apply and interpret the results of appropriate tests applied to industrial sampling procedures and hypothesis testing.


Upon completion of this course students will be able to:

1. Demonstrate a clear understanding of the fundamental mathematical principles, techniques, formulas and theories.

2. Apply algebraic concepts to model and solve real-life situations using linear, polynomial, rational, exponential, root and logarithmic equations and/or Inequalities.

3. Use tables, transformations, critical points, and other characteristics to graph functions, conic sections and parametric equations

4. Identify the term linear programming and inspect its application to minimize or optimize functions.

5. Develop logical skills and explore the various applications of mathematical logic and formulas in Business related examples.


Upon completion of this course students will be able to:

1. Demonstrate a clear understanding of the fundamental mathematical principles, techniques, formulas and theories.

2. Develop a range of mathematical techniques for the solution of basic problems.

3. Solve problems using algebra and comprehend the basic graphical methods.

4. Explore the various applications of mathematical logic and formulas in real-life examples.