MATHEMATICS FOR BUSINESS AND ECONOMICS-I

Course Description

This course is designed for students who study in the departments of Business and Economics in order to equip students with the knowledge and aspects of mathematics such as simple and compound interest, payroll, annuities, asset valuation, retail evaluation, linear programming. The intention behind this course is to teach students how to integrate key components of economic analysis into managerial decisions by using mathematical tools. Topics include: working with algebraic statements, power and indices, fractions, factorization, functions of one variable, linear and quadratic functions, solving linear and quadratic equations, sketching graphs of functions of one variable, linear and power functions, using linear models to model cost, revenue, profit, demand, supply, break-even points, and equilibrium points.

MATHEMATICS FOR BUSINESS AND ECONOMICS-I

Evaluation Tools (Active Term)

Course outcomes

1. 01 Understand the basic revision of mathematics skills
2. 02 Understand how graphs co-ordinates, interceptions are derived. FInd budget constraints and supply and demand curve of a goods
3. 03 Solve linear equation with more than two unknowns, understand market equilibrium, able to analysis cost, volume and profit and how to derive macroeconomics models
4. 04 Find graphical inequalities, simultaneous linear inequalities, objective function, and application linear programmimng
5. 05 Determine arithmetic, geometric progressions, compound interest, present values, Internal rates of return, annuities and economic growth

Course Syllabus

Reference Books & Course Materials

1. 01 Mathematics_for_Economics_and_Business by Ian Jacques

Learning Outcomes

1. L01 Understand the basic revision of mathematics skills
2. L02 Understand how graphs co-ordinates, interceptions are derived. FInd budget constraints and supply and demand curve of a goods
3. L03 Solve linear equation with more than two unknowns, understand market equilibrium, able to analysis cost, volume and profit and how to derive macroeconomics models
4. L04 Find graphical inequalities, simultaneous linear inequalities, objective function, and application linear programmimng
5. L05 Determine arithmetic, geometric progressions, compound interest, present values, Internal rates of return, annuities and economic growth

Program Outcomes

1. P01 1- To have advanced theoretical and practical knowledge supported by textbooks, application tools and other resources including current information in the field of Accounting and Finance.
2. P02 2- To be able to use advanced theoretical and practical knowledge acquired in the field of Accounting and Finance.
3. P03 3- To be able to interpret and evaluate data, identify problems, analyze and develop solutions based on research and evidence by using advanced knowledge and skills acquired in the field of Accounting and Finance.
4. P04 4- To be able to take responsibility as an individual and a team member in order to solve complex and unpredictable problems in accounting and finance applications.
5. P05 5- To be able to plan and manage activities for the development of employees under the responsibility of a project.
6. P06 6- To be able to determine the learning requirements in the field of Accounting and Finance and to direct their learning.
7. P07 7- To be able to inform people and institutions about issues related to the field of accounting and finance, and to be able to transfer their ideas and solution proposals in writing and orally.
8. P08 8- To be able to use information and communication technologies together with computer software at the European Computer Driving License Advanced Level required by the field of Accounting and Finance.
9. P09 9- To act in accordance with social, scientific, cultural and ethical values in the stages of collecting, interpreting, applying and announcing the results related to the field of accounting and finance.

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