Business Mathematics is a core subject for the business students. Business mathematics is an important tool for solving the business problems in the area of finance, accounting, economics, production and general management, and sales and marketing. Differential and Integral calculus is used for a wide range of application like optimization, calculation of regular and irregular areas, curve sketching, maximization and minimization problems etc. The objectives of this course are to teach the various tools and techniques so that the students will be able to solve the various real life business problems.
This course covers the mathematical processes and techniques currently used in the fields of business and finance. It includes a review of basic business math skills with particular emphasis on linear equations, system of linear equations, determinants, logarithmic and exponentials functions, percentages, interest, discounts, simple interest, compound interest, annuities, sinking fund, amortization, and optimization problems.
MAT 101(Intermediate university mathematics II)
 It is the student’s responsibility to gather information about the assignments and covered topics during the lectures missed. Regular class attendance is mandatory. Points will be taken off for missing classes. Without 70% of attendance, sitting for final exam is NOT allowed. According to IUB system students must enter the classroom within the first 20 minutes to get the attendance submitted.
 The date and syllabus of quiz, midterm and final exam is already given here, however, announcements will be given ahead of time. There is NO provision for makeup quizzes.
 The reading materials for each class will be given prior to that class so that student may have a cursory look into the materials.
 Class participation is vital for better understanding of sociological issues. Students are invited to raise questions.
 Students should take tutorials with the instructor during the office hours. Prior appointment is required.
 Students must maintain the IUB code of conduct and ethical guidelines offered by the School of Business.
 Students must refrain from any type of cheating and/or plagiarism in a course. Any student acting otherwise will receive an “F” grade in the course. School of Business, IUB, maintains a zero tolerance policy regarding violation of academic integrity.
 Students are not allowed to keep bags, handouts, books, mobile phones, smart watches or any other smart electronic devices with them during any exam. Students are advised to keep everything in the front of the class room before the exam starts. Please note that, just carrying any smart electronic devises (even if the devise is turned off or put it in silent mode) during the exam will be considered as “cheating”. Moreover, during the exam, anything written on hand palms (or anywhere else) and carrying paper materials (whatever is written) will be considered as “cheating”. Any sorts of “cheating” will result in an “F” grade with no exception. During the exam, students are only allowed to carry pen, pencil, eraser, sharpener, ruler, highlighter and calculator in a clear plastic bag.
Type of Evaluation  Nos.  Weight 
Class Attendance and Participation  100%  5 
Quiz (Best two will be counted)  4  30 
Midterm Exam  01  30 
Final Exam  01  35 
Total  100% 
[Class attendance is mandatory; failure to do so may result in the deduction of final marks]
The following chart will be followed for grading. This has customized form the guideline provided by the school of Business.
A  A  B+  B  B  C+  C  C  D+  D  F 
90100  8589  8084  7579  7074  6569  6064  5559  5054  4549  044 
* Numbers are inclusive
The course will be based mostly on the following books [some other books and journals may be referred time to time]:
 Earl Bowen, Pritchett/Saber, Mathematics with application in Management and Economics (seventh edition), IRWIN
Link to virtual learning system: http://103.254.86.4/sb/ (School of Business – Faculty name Login as a guest password is 1234).
MORE READINGS:
 Dowling, Introduction to mathematical economics, 3^{rd} edition. Mc Graw Hill
 M. Shahidul Islam, Business Mathematics, Abir Publications
 Additional reading materials, cases and case study questions will be provided before the related sessions.
Sessions  Topic  Learning Outcomes  Readings 
Session 1  Introduction  Introduction to Business Mathematics, Explanation of Course Outline  Course Outline 
Session 2  Linear Equation and Functions  Concept of linear equations, coordinates, independent and dependent variables, slopes, intercepts.  Prichett/John C. Saber
Chaper01, Pages 1737 
Session 3  Linear Equation and Functions  Parallel and perpendicular lines, revenue cost and profit functions,  Prichett/John C. Saber,
Chapter01 Pages 47, 53

Session 4  Linear Equation and Functions  Breakeven analysis. Applications problems

Prichett/John C. Saber
, Chapter01
Pages 6469

Session 5  System of Linear Equations
QUIZ01 
Systems, number of solution possible in a system (single solution)

Prichett/John C. Saber
, Chapter 2
Pages 7175

Session 6  System of Linear Equations  No solution and unlimited solution. Supply and demand analysis.  Prichett/John C. Saber
, Chapter 2
Pages 7687

Session7  System of Linear Equations  Application problems (Examples and Problem set)  Prichett/John C. Saber
, Chapter 2 Pages 9092

Session 8  System of Linear Equations  Application problems (Examples and Problem set)  Prichett/John C. Saber
, Chapter 2 Pages 9293

Session 9  Matrix Algebra

Inverse matrix, solving linear equations with inverse matrix  Shahidul Islam, Chapter 5
Pages 5760 
Session 10  Matrix Algebra
Quiz 2 
Cramer’s rule for matrix solution. Application problems.  Shahidul Islam, Chapter 5
Pages 6179

Session 11  Matrix Algebra  Cramer’s rule for matrix solution.  Shahidul Islam, Chapter 5
Pages 80. 
Session 12  Midterm Exam

Linear Equation and Functions, System of Linear Equations, Matrix Algebra  Chapter 1&2 (Prichett/John C. Saber)
Chapter 5 (Shahidul Islam)

Session 13  Exponential and Logarithmic Functions  Exponential functions and its properties, Logarithmic functions and its relationship with exponential functions, conversion to each other,  Prichett/John C. Saber
, Chapter 5 Pages 354372 
Session 14  Exponential and Logarithmic Functions  Rules of logarithmic functions, use of the rules, natural and common logarithm.  Prichett/John C. Saber
, Chapter 5 Pages 384386 
Session 15  Introduction to the Mathematics of Finance  Simple interest and future value, Effective rate: simple interest, compound interest rate and the future value, the conversion period, Compound discount: present value, effective rate: compound interest, Ordinary annuities,  Prichett/John C. Saber
, Chapter 6 Pages 387410 
Session 16  Introduction to the Mathematics of Finance  Present values and future values, Sinking fund payment  Prichett/John C. Saber
, Chapter 6 Pages 411424 
Session 17  Introduction to the Mathematics of Finance  Amortization payment; Deferred annuity  Prichett/John C. Saber
, Chapter 6 Pages 425436 
Session 18  Introduction to differential calculus  Solving problems using different rules of differential calculus  Prichett/John C. Saber,
Chapter 7 Pages 460510 
Session 19  Introduction to differential calculus
Quiz 3 
Solving problems using different rules of differential calculus  Prichett/John C. Saber,
Chapter 7 Pages 511, 514, 518 
Session 20  Application of differential calculus (Maxima and Minima)  Optimization of differential problems (concept of stationary points, local maximum and local minimum, end point maximum and minimum),  Prichett/John C. Saber,
Chapter 8 Pages 522530 
Session 21  Application of differential calculus  Finding coordinates of all optimum points using first, second and third derivatives.  Prichett/John C. Saber,
Chapter 8 Pages 531546 
Session 22  Application of differential calculus

Finding coordinates of all optimum points using first, second and third derivatives , Application problems.

Prichett/John C. Saber,
Chapter 8 Pages 549561 
Session 23  Application of differential calculus (Maxima and Minima)  Application problems.

Prichett/John C. Saber,
Chapter 8 Page 568 
Session 24  Introduction to Integral calculus
Quiz 4 
Indefinite and definite integration, Solve problems using different rules of integration.  Prichett/John C. Saber,
Chapter 10 Pages 640663 
Session 25  Introduction to Integral calculus  Application Problems  Prichett/John C. Saber,
Chapter 10 Pages 685, 686, 694, 695 
Session 26  Final Exam  Chapter 5,6, 7, 8, and 10  Prichett/John C. Saber,
Chapter 5, 6,7, 8and 10 
Students who are willing to audit the course are welcome during the first two classes and are advised to contact the instructor after that.
Plagiarism that is the presentation of another person’s thoughts or words as though they were the students’ own – must be strictly avoided. Cheating and plagiarism on exam and assignment are unacceptable.
Please see the green book for further information about academic regulation and policies, including withdrawal and grading, apples and penalties for pilgrims and academic misconduct.
Students with disabilities are required to inform the School of Business/ Department of Economics of any specific requirement for classes or examination as soon as possible.