Introduction to Business Mathematics

Course Details

• Course code: BCPC 105
• Credit hours: 3
• Level: 100
• Programmes: Bachelor of Science in Accounting, Bachelor of Science in Accounting and Finance, Bachelor of Science in Business Economics

Instructor Details

• Instructor: Robert Owusu Boakye
• Office location: Research & Consultancy Block, Second Long Room
• Telephone: 0244986200
• Email: [email protected]
• Contact hours: Lecturers include Robert Owusu Boakye, Silas Amponsah Gyimah, Adjoa Halm-Quagraine, Ishan Mohammed

Course Description

• Introduces students to mathematical concepts with practical applications in industry and business
• Covers fundamental arithmetic concepts, algebra, and financial mathematics
• Enhances analytical skills in evaluating business options and personal finance matters

Course Objectives

• Explain types of equations, especially from an algebraic perspective
• Provide mathematical skills related to business applications
• Discuss calculations related to the mathematics of financial investments
• Explain concepts relating to time value of money

Course Outcomes

• Derive and solve mathematical equations from word problems
• Use methods to calculate the rate of depreciation of assets and time value of money
• Appraise investment projects using simple and compound interest approaches
• Apply mathematical skills to solve and interpret word problems relating to business

Course Content

• Polynomials
• Linear Equations and Inequalities
• Quadratic Equations and Inequalities
• Rational Expressions and Partial Fractions
• Percentages, Ratios, and Proportions
• Indices, Logarithms, and Surds
• Systems of Linear Equations in Two and Three Variables
• Demand-Supply and Break-Even Analysis
• Simple and Compound Interest
• Depreciation
• Annuities and Amortization

Weekly Course Content

• Week 1: Polynomials
• Week 2: Linear Equations and Inequalities
• Week 3: Quadratic Equations and Inequalities
• Week 4: Polynomials (continued)
• Week 5: Rational Expressions
• Week 6: Percentages, Ratios, and Proportions
• Week 7: Indices, Logarithms, and Surds
• Week 8: Systems of Linear Equations in Two and Three Variables
• Week 9: Systems of Linear Equations in Two and Three Variables (continued)
• Week 10: Demand-Supply and Break-Even Analysis
• Week 11: Simple and Compound Interest
• Week 12: Depreciation
• Week 13: Annuities and Amortization

Reading Materials

• Deitz, J.E. & Southam, J.L. (2015). Contemporary Business Mathematics for Colleges (17th ed.). Cengage Learning
• Clendenen, G. & Salzman, S.A. (2014). Business Mathematics (13th ed.). Pearson
• Blyth, S. (2013). An Introduction to Quantitative Finance (1st ed.). Oxford University Press
• Provost, F. & Fawcett, T. (2013). Data Science for Business: What You Need to Know About Data Mining and Data-Analytic Thinking (1st ed.). O’Reilly Media
• Sterling, M.J. (2008). Business Mathematics for Dummies (1st ed.). For Dummies
• Leaves, C., Hobbs, M., & Noble, J. (2013). Business Mathematics (10th ed.). Pearson
• ICAG (2017). Quantitative Tools in Business. Study Text. BPP Learning Media
• Lial, L.M., Miller, D.M., & Greenwell, R.N. (1993). Finite Mathematics and Calculus with Applications (4th ed.). HarperCollins College Publishers

This course introduces students to the fundamental concepts of business mathematics, covering topics such as algebra, statistics, and finance. It aims to provide students with a solid understanding of mathematical principles and their application in business. The course is designed for Bachelor of Science students in Accounting, Accounting and Finance, and Business Economics.