MIS-1207: MATHEMATICS FOR BUSINESS
Type : Compulsory
Term : II
Credit : 3
Course Description:
This course equips students understanding of the basic mathematical concepts covering such topics as percentages,
interest, trade, bank and cash discounts, payroll, time value of money, and business loans.
Course Objectives:
The objectives of the course are as follows:
➢ Communicate mathematics effectively.
➢ Demonstrate a computational ability in solving a wide array of mathematical problems.
➢ Differentiate between valid and invalid mathematical reasoning.
➢ Develop mathematical ideas from basic concepts.
➢ Utilize mathematics to solve theoretical and applied problems.
➢ Identify applications of mathematics in other disciplines and in society.
Learning Outcome Teaching Learning Assessment
(after completing the course student will be able to-) Strategy Strategy
Define basic mathematics including addition, subtraction, multiplication, Lecture Final Exam
division, decimals, fractions, and percentages to solve business application Assignment
problems
Explain basic methods of Number System, linear Equations, types and Final Exam
methods of Quadratic Equations, Straight lines, Determinants & Matrices Lecture Assignment
etc.
Solve the problems of Number System, linear Equations, types and methods Final Exam
of Quadratic Equations, Straight lines, Determinants & Matrices etc. Lecture Class Test
Apply acquired knowledge and skills with practical problems in business Lecture Final Exam
practices. Class Test
Reconcile and analyze various banking statements and services. Lecture Final Exam
Class Test
Course Contents
Chapter Topics Contact
Hours
Chapter-1 Number System: 6
Introduction, prime, rational, Irrational number, even and odd numbers and their
properties. Imaginary and Complex numbers; sequence, series, Divergence of a
sequence, sigma notation, Sum of natural numbers.
Chapter-2 Indices and Logarithms: 5
Indices, law of indices, positive and Fractional indices, operation with power
function. Introduction, law of operations, use of logarithms tables, Anti-logarithms,
Exponential series, logarithmic series
Chapter-3 Theory of Sets:
5
Different types of sets, union, difference intersection, Cartesian products, Venn
diagram, Application in Business Problems.
The straight lines and Linear Equations:
5
Chapter-4 Different forms of Equations-Parallel and perpendicular form of Equations-Point of
Intersection of lines-Interpretation of Slope of different business problems and
Marginal Concept analysis, Solution of linear equations, Solutions of Simultaneous
linear equations.
Quadratic Equations:
4
Chapter-5 Relationship between roots+- and coefficient of quadratic equation, Nature of roots,
Solution of quadratic equations, formation of quadratic equations with given roots.
Curve sketching of different linear and non-linear equations.
Permutations and Combinations:
4
Chapter-6
Fundamental principles of permutations, permutations of things, all different and
things, not all different, repeated and circular permutations. Combinations,
relationships between permutation and combinations.
Progression:
4
Chapter-7 Introduction, Sum of series in AP and GP, Use of concept of progression to find
the present value and future value, Business problem solving.
Differentiation and Integration:
3
Chapter-8 Differentiation of Algebraic functions, transcendental function. Definition of
transcendental functions-Geometric interruption of dy/dx and marginal concept
analysis. Introduction, different rules of integration. Indefinite and Definite
integrals. Determination of maxima and minima of different function using
differentiation rules. Business problem solution. Conditions of maxima and
minima. Test for maxima and minima. Point of inflexion.
Matrices and Determinants:
3
Chapter-9 Introduction, Types of matrices, operation on matrices. Solution of simultaneous
linear equations. Introduction, properties of determinants, operations on
determinants. Expansions of determinants, Sarrus diagrams and crammers’ rule,
and use in business. Leontiff input input-output modal analysis. Application to
business problems.
Recommended Books:
i. D.C. Sancheti, V. K. KAPOOR Business Mathematics, Sultan Chand & Sons, India
ii. Dr.Md. Rafiqul Islam, Dr.M. Osman Gani, Mathematics for Business, Bangladesh
iii. Kashyap Trivedi, Chirag Trivedi, Mathematics for Business, PEARSON
