Introduction to Business Mathematics
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Introduction to Business Mathematics

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Questions and Answers

What is the office location of the course instructor, Robert Owusu Boakye?

Research & Consultancy Block, Second Long Room

What are the types of equations explained in the course? Select all that apply.

  • Quadratic equations (correct)
  • Linear equations (correct)
  • Inequalities
  • Algebraic equations (correct)
  • The course covers how to Calculate Simple and Compound Interest on __________ and Other Investments.

    Loans

    Rational expressions involve Addition, Subtraction, Multiplication and Division of Rational Fractions.

    <p>True</p> Signup and view all the answers

    Match the following course topics with their descriptions:

    <p>Polynomials = Definition, addition, subtraction, multiplication of polynomials Linear Equations and Inequalities = Solving simple linear equations; finding gradients and equations of straight lines Quadratic Equations and Inequalities = Solving quadratic equations by various methods; sketching quadratic functions Systems of Linear Equations in Two and Three Variables = Using substitution and elimination methods to solve two-variable system</p> Signup and view all the answers

    Study Notes

    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

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    Description

    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.

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