Bangladesh University of Professionals (BUP)
Faculty of Business (FBS)
Program: MBA (Professional)
Name of Trimester: May-August 2023
COURSE OUTLINE
Course Title: Mathematics for Decision Course Teacher: Dr. Mohammed Nasir Uddin
Course Code: BUS-7102 Designation: Associate Professor
Batch & Section: MBA-Jan 2023 (Section-C) E-mail: [email protected] ,
Semester Duration: 4 Months [email protected]
Trimester: 2nd (May-August 2023) Cell phone: 01769- 02 87 00, Room: AC-405
Duration: 3 Cr/hrs Class Time: Friday: 3.00-6.00 PM
Classroom: AC-1102
COURSE DESCRIPTION:
The business interpretation in relation to mathematical tools is the major concentration of this
course. The course includes elements of algebra, number fields, linear and non-linear
inequalities, functions, sets, analytic geometry, logarithm, limit, differential and integral calculus,
matrix and linear programming. The purpose of the course is to help the students learn
mathematical tools, which are used in management studies. As well as giving the students these
topics the course focuses on how to interpret and solve business-related word problems and to
develop simple mathematical models from a business perspective. The course provides step-by-
step guidance through sample problems and solutions related to business and economics.
LEARNING OBJECTIVES:
On successful completion of this course, students should be able to:
➢ Apply mathematical skills to business applications and business decisions in the real
world.
➢ Integrate mathematical principles with their everyday business.
➢ Develop a systematic and logical approach to decision-making.
➢ Solve business problems stated in words that involve matrix, function, differentiation,
and integration.
➢ Interpret and solve business-related problems and develop simple mathematical models
from a business perspective.
TEACHING METHODOLOGY:
Classroom lectures, tutorials including home assignments, quizzes and midterm and final exams.
TEXT BOOKS:
1. Mathematics with Applications in Management and Economics, by Gorgon D. Prichett and
John C. Saber, 7th Edition, IRWIN.
2. Business Mathematics, by Kappor V.K., & Sancheti D.C, Sultan Chand & Sons, India.
REFERENCE BOOKS:
1. Applied Mathematics for Business, Economics, Life Sciences and Social Sciences, by
Barnet, R.A., Zeigler, M.R. and Byllen, K.E., 7th Edition, Prentice Hall, NJ, USA.
DISTRIBUTION OF WEIGHTAGE:
Events Weightage
Trimester Final Exam 40%
Midterm Exam 20%
Class Tests (Total Four) 12%
Term Paper (with the different topic), Including Presentation 10%
Assignments and Case Studies (Individual Group) Including
05%
Presentation
Regular Class Presentation and Participation 05%
Class Attendance 05%
Attitude/Conduct/Manners 03%
Total: 100%
ATTENDANCE POLICY:
Attendance Marks
90% and Above 10.0
85% to < 90% 9.0
80% to < 85% 8
75% to < 80% 7
65% to< 75% 6
(Non-Collegiate, with payment @ 5000/- per course)
Less than 65% Dis-collegiate
GRADING:
Numerical Grade Letter Grade Grade Point
80% and above A+ (A Plus) 4.00
75% to < 80% A (A Regular) 3.75
70% to < 75% A- (A Minus) 3.50
65% to < 70% B+ (B Plus) 3.25
60% to < 65% B (B Regular) 3.00
55% to < 60% B- (B Minus) 2.75
50% to < 55% C+ (C Plus) 2.50
45% to < 50% C (C Regular) 2.25
40% to < 45% D - 2.00
< 40% F - 0.00
--------------------- I - Incomplete
--------------------- W - Withdrawal/Withdrawn
LECTURE PLAN:
Week Lecture Topics Specific Objectives Remarks
• Concept of Mathematics
Essential Concepts
1 • Number system
of Mathematics • Concept of Managerial Mathematics
1
• Properties of zero
Linear Relationships • Concept of variables & constants
2 2 • Factoring Class Test-1
and constrained
• Linear equations &Function
Optimization
• Application in the real world.
Linear Relationships • Cost and Revenue Function
3 3 and constrained • Break-Even Analysis
Optimization • Mark-up and Margin
• Linear Programming Problem
Exponential and • Exponential functions,
4 4 Logarithmic • common logarithms and
Class Test-2
Functions • natural logarithms,
• application of inverse natural logarithms
Introduction to • Concept of Matrix
5 5 Matrix and • Determinant and its properties
Determinants • Types of matrices
• Properties of Matrices
• Addition & Subtraction of Matrices Mid-Term
6 6 Matrix Operations • Multiplication & Division of matrices Exam.
• Inverse Matrix
• Applications of matrices
Introduction to the • Simple interest
7 • Compound interest
7 Mathematics of
• Annuity
Finance.
• Amortization
Introduction to the • Compound interest rate, Class Test-3
8 • effective annual rate,
8 Mathematics of
Finance. • continuous compounding rate.
Introduction to • Concept of Calculus
9 calculus • Limits & Continuity
9 • Differentiation rules
Differential
• Marginal Cost
Calculus:
• Marginal Revenue Class Test-4
Differential • Marginal Profit
10
10 • Limits & Continuity
Calculus
• Maximum and Minimum problems in
Business
• Introduction
11 • Indefinite integral
11 Integral Calculus
• Definite Integral
• Use of Integration
• Application of Integration in Business
Term Paper /
12 12 • Definite Integral
Integral Calculus Presentation
• Producer’s Surplus
• Consumer’s Surplus
Semester Final (17-22, August 2023)
Note: The instructor may alter the course contents or structure if he finds it necessary
Uses of Cell Phones:
The use of cell phones is prohibited during classroom instruction. Students are not allowed to make a
call or receive any call when a teacher is in the classroom. So, turn off or keep cell phones in silent
mode before entering the classroom.
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Signature of the Faculty
