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Cyprus International University
TR

MATHEMATICS FOR BUSINESS AND ECONOMICS-II

Course
MATH112 - MATHEMATICS FOR BUSINESS AND ECONOMICS-II
Department
Basic Sciences and Humanities
Course Type
Course
Status
Required
Language
English
Credit
3
ECTS
4
T+P+L
3 + 0 + 0
Course Coordinator(s)
Dr. Mert MANGUT
Prerequisite
Keywords

Course Description

The course is a continuation of MATH111, Mathematics for Businesss and Economics-II.This course is designed to equip students with the knowledge and aspects of mathematics for business and economics such as linear programming, matrices and their properties, matrices with applications to business, management and economics, linear and non-linear equations, their properties, finding solutions, their graphs and principles of differentiations ( derivative of elementary functions, derivative of quotient, product etc.), marginal concepts and optimization, partial differentiation, rules of differentiations and applications, definite and indefinite integrals, integration integral of elementary functions, integration by parts and substitution methods, applications of the integral, matrix addition , subtraction, multiplication and elementary operations, inverse, transpose of matrices.

MATHEMATICS FOR BUSINESS AND ECONOMICS-II

Evaluation Tools (Active Term)

No evaluation items have been defined.

Course outcomes

  1. 01 1. Recognising the rules of algebra and how to implement them.
  2. 02 2. How the derivation and graphing of linear equations can be applied to economic and business issues.
  3. 03 3. Recognition of the application of marginal functions, second‐order derivatives and optimization in economics.
  4. 04 4. Application of Cramer Rule to solve economic problems.

Course Syllabus

Week Topic
Week 1 Non-linear Equations and Principles of Differentiation
Week 2 Non-linear Equations and Principles of Differentiation
Week 3 Marginal Concepts and Optimization
Week 4 Marginal Concepts and Optimization
Week 5 Partial Differentiation
Week 6 Partial Differentiation
Week 7 Elasticity and marginal utility
Week 8 Revision Week
Week 9 Midterm Exam
Week 10 Partial Differentiation
Week 11 Applications of partial differentiation in economics
Week 12 Integration
Week 13 Integration
Week 14 Review of the term
Week 15 Final Exam

Reference Books & Course Materials

  1. 01 Mathematics for Economics and Business, Ian Jacques, Pearson, 9th Edition, 2018.

Learning Outcomes

No learning outcomes have been defined.

Program Outcomes

  1. P01 1. Gained the necessary skills to learn and adopt a spirit of continuous learning in their professional life.
  2. P02 2. Developed various skills by working independently via specific learned techniques that both triggered individual efforts and encouraged collaborative work.
  3. P03 3. Acquired the essential knowledge and skills to apply key theories, models and applications within the global business context.
  4. P04 4. Adopted and applied critical and strategic thinking together with research capabilities for efficient and effective business decisions.
  5. P05 5. Utilized and managed ethically information technologies required for contemporary business world.
  6. P06 6. Been equipped with conceptual and analytical skills necessary for team work within global organizations.
  7. P07 7. Displayed their learnt communication skills that are required to effectively interact in a cross cultural and diverse international work environment.
  8. P08 8. Applied their acquired knowledge within the changing work environment.
  9. P09 9. Developed an understanding of ethical perspectives and social responsibilities to be used at work and in personal life.

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