Department of Finance

University of Dhaka

Course Code: F-108 Course Instructor: Mahabuba Lima

Course Title: Mathematics for Business E-mail: mahabuba.finance@du.ac.bd

Objectives of the Course

The objective of this course is to teach the mathematical concepts and principles with particular
emphasis on linear equations, system of linear equations, determinants, logarithmic and
exponentials functions, set theory, matrix algebra and their applications in business and
economics. The course involves concept understanding, problem formulation and solution, and
graphing. The objectives of this course are to teach the various tools and techniques so that the
students will be able to solve the various real life business problems.
Course Content

Topic Topics

Real number Number system, natural number, integers, prime numbers, rational number,
system properties, irrational numbers, real number, imaginary number, complex
number

Indices Indices, positive indices, fractional indices, operations with power functions

Surds Operations on surds, rationalizing factor, root of mixed surds

Set Theory Introduction, set, element of set, types, method of describing a set, Venn
diagram, operations, intersection of sets, union of sets, complement of a set, De-
Morgan’s law, difference of two sets

Logarithms Introduction, laws of operations

Equations Equations, identities, inequalities, general solution, degree of equations,

simultaneous linear equation, quadratic equation and their solutions, nature of
the roots, formation of an equation, solutions of simultaneous equation

Linear equations and functions, Piecewise linear function, Break-even Analysis

(Ch 1 from Bowen)

Coordinate Introduction, directed line, quadrant, coordinates, coordinates of mid points,

Geometry distance between two points, sectional formula, external division, area of a
triangle, area of a quadrilateral, linear function, straight line, slope of a straight
line, different forms of equations of a straight line, horizontal and vertical lines,
parallel and perpendicular lines, breakeven interpretations

Introduction to Introduction, definition, types, scalar multiplication, equality of matrix, matrix

Matrix algebra operations, addition and subtraction, properties, multiplication, transpose of a
matrix, determinant of a square matrix, determinant of order two, Cramer’s rule,
determinant of order three, solutions of three linear equations, properties of

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 determinants, expansion of determinants, minor of a matrix, adjoint matrix,
inverse matrix,

Application in Applications of matrix algebra in business

Business

Revision for Final

Reading Material
Text: D.C Sancheti, V.K. Kapoor, Business Mathematics 11th thoroughly revised
Reference: i. Bowen, E.K. Prichett, G.D and Saber Mathematics with Applications in Management
and Economics, Richard D. Irwin Incorporation (7th Edition)

Assignment, Term Paper & Presentation

Assignments, term paper and presentation are integral part of the course design. Several
assignments will be given during the course whose analysis and a final report and presentation
has to be prepared at the completion of the course content.

Course Evaluation
Final course grade of a student will depend on participation in following course events

Marks distribution Weights (%)

Assignment, Term Paper & Presentation 10

Mid Exam 1 15

Mid Exam 2 15

Final Exam 60

General Remarks
Each student is required to attend minimum 75 percent of classes held in a course. Otherwise,
the student will not be allowed to sit for the exam.

Good Luck

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