Business Maths

Nummer

10202S1

Zielsetzung / Purpose

Know-how to be imparted (partially during the pre-course): - Definition of functions (domain and range of functions) Derivation of necessary formulae (modelling data) for functions based on given data Algebraic formulation and solution of exponential and logarithmic forms Conversion of exponential expressions into logarithmic forms and vice versa Solving systems of simultaneous linear equations using appropriate methods Formulation of systems of simultaneous linear equations Matrix operations (optional) Algebraic handling of arithmetic and geometric series and sequences Solving finance mathematics problems based on interest formulae Derivation and application of formulae of annuity, amortization and sinking fund Mathematical formulation of given data/text - Application to real life business cases and problems Know-how in algebra (partially during the pre-course): - Calculations based on exponents and logarithms Solving exponential expressions by converting them into log forms Solving of systems of simultaneous linear equations Simplification of algebraic expressions Reformulation of formulae as necessary Use of quadratic formula to solve quadratic functions Manipulation of negative and fractional exponents Algebraic handling of geometric series

Inhalt / Content

Functions Definition Domain and range Important types of functions Linear, power, polynomial, exponential and logarithmic functions Identification of dependent types, derivation of corresponding formulae Matrix Algebra (optional) Definition and types of matrices Application of matrices to solve simultaneous systems of linear equations Arithmetic and geometric series and sequences Derivation and application of important formulae Finance mathematics 1 Derivation and application of interest formulae Annuities - Present and future values Amortization Application of the above to solving business related cases and problems

Besondere Eintrittsvoraussetzungen / Special Conditions of Admission

Professional maturity

Bibliographie/Literatur / Bibliography / Literature / References

Textbook: Harshbarger / Reynolds (2012) Mathematical Applications for the Management, Life, and Social Sciences 10th edition, Cengage Learning ISBN-13: 978-1133106234 Solutions manual with detailed solutions of even-numbered questions in book (recommended): Harshbarger / Reynolds (2012) Student Solutions Manual for Harshbarger/Reynolds' Mathematical Applications for the Management, Life, and Social Sciences, 10th edition, Cengage Learning ISBN-13: 978-1133108528

Lehr- und Lernmethoden / Methods

Lectures, guided and individual self-study

Leistungsbewertung/Testanforderung(en) / Assessment

Written examination: 60 Min. Weight: According to the number of credits in the module Date: To be announced during the semester - A minimum grade of 3.1 must be reached in this course in order to pass the module.

Anschlussmodule/-kurse / Next Module / Course

Statistics

Bemerkungen

Course attendance is recommended