MATHEMATICS FOR BUSINESS AND ECONOMICS-II

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

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 PO1: Engaged in insightful thinking leading to self-learning and lifelong learning.
2. P02 PO2: Established a general knowledge of economics sufficient to work independently through specific learned techniques generated via individual efforts and study.
3. P03 PO3: Reached the required knowledge and skills to understand social, economic and legal issues both within national, international and global contexts and apply theoretical knowledge of economics to practice.
4. P04 PO4: Adopted the ability to critically evaluate, analyze and interpret information gathered through the use of related statistical software programs to suggest creative solutions for economic problems and make relevant economic decisions.
5. P05 PO5: Been aware of gathering and analyzing data through the application of appropriate technological tools in an ethical and safe manner in order to generate economic decisions and policy suggestions.
6. P06 PO6: Been equipped with conceptual and analytical skills essential for team-working and collaborations for economic decision making for a variety of economic concepts in national and global environment.
7. P07 PO7: Endowed with both oral and written communication skills within the economic field to effectively study and work in an international environment
8. P08 PO8: Been able to transfer theoretical knowledge to real life economic environment: to generate policies for microeconomic and macroeconomic problems faced by individuals, firms and governments at national, international and global context.
9. P09 PO9: Developed an ability to apply economic analysis to everyday problems in real world through the development of ethical perspectives and social responsibilities at work and in personal life.

Po-Lo Matrix

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