Unit 1
Quadratic equations – solution of quadratic equation- Permutations and Combinations: Definition
– Applicational Problems – Solving Business Problems using Permutations and combinations.
| Course Name | Mathematics for Business |
| Course Code | 24MAT108 |
| Semester | 1 |
| Credits | 3 |
Quadratic equations – solution of quadratic equation- Permutations and Combinations: Definition
– Applicational Problems – Solving Business Problems using Permutations and combinations.
Matrices and Determinants: Definition of Matrix, Type of Matrix, Algebra of Matrix, Determinants, Properties of Determinants, Calculation of Determinants up to third matrix, Adjoint of a matrix, inverse and solution of a system of linear equations having unique solution (up to three variables). Unit 3
Commercial Arithmetic: Simple and Compound interest – Sinking fund – Annuities – Discounting of bills.
Differential Calculus and its application for Business: First and second order derivatives (simple functions), Cost Function, Total Cost, Average Cost, and Marginal Cost. Revenue function: Maxima and Minima one variable functions.
Integral Calculus and its application for Business: Formulas – Indefinite Integral, cost Function, Marginal Cost, Total Cost, Average Cost, Marginal Revenue, Total Revenue.
Course Objective:
To develop a comprehensive understanding of Mathematics and to apply these concepts in Business problems.
Course Outcomes:
The student will be able to:
CO1: Understand the basic principles of sets, quadratic equations, and principles of counting
using permutations and combinations and apply these principles in solving business problems
CO2: Understand the concept of matrices and determinants and use it to solve linear equations.
CO3: Understand the concept of simple and compound interest, sinking funds, annuities, and discounts on bills and apply them to real-life problems
CO4: The concept of derivatives has to be understood and must be applied to find marginal cost and revenue.
CO5: Learn integration and use the basic concepts in analyzing business problems to find revenue, cost, etc.
| PO1 | PO2 | PO3 | PO4 | PO5 | PO6 | PO7 | PO8 | PO9 | PO10 | PO11 | PO12 | |
| CO1 | 3 | 3 | 2 | 1 | 3 | 1 | – 3 | – | – | – 3 | 1 | 2 |
| CO2 | 3 | 3 | 2 | – | 3 | 2 | – 2 | – | – | – 2 | 3 | 3 |
| CO3 | 3 | 2 | 3 | 3 | 3 | 3 | – 3 | – | – | – 2 | 1 | 3 |
| CO4 | 3 | 3 | 3 | 2 | 3 | 3 | – 2 | – | – | – 2 | 2 | 2 |
| CO5 | 3 | 3 | 3 | 1 | 2 | 3 | – 2 | – | – | – 1 | 1 | 2 |
Text Book:
References:
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