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Course Detail

Course Name Mathematics for Business
Course Code 24MAT108
Program BBA (Bachelor of Business Administration), B.B.A.  (Honours/ Honours with Research) 
Semester 1
Credits 3
Campus Mysuru

Syllabus

Unit 1

Quadratic equations – solution of quadratic equation- Permutations and Combinations: Definition – Applicational Problems – Solving Business Problems using Permutations and combinations.

Unit 2

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.

Unit 4

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.

Unit 5

Integral Calculus and its application for Business: Formulas – Indefinite Integral, cost Function, Marginal Cost, Total Cost, Average Cost, Marginal Revenue, Total Revenue.

Objectives and Outcomes

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
  • 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
  • CO5: Learn integration and use the basic concepts in analyzing business problems to find revenue, cost,
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 Books / References

Text Book:

  • Dr. P. R. Vittal – Business Mathematics and Statistics, Margham Publications.

References:

  • Dr. B. H. Suresh – Business Mathematics, Chetana Book house
  • V. K. Kapoor – Business Mathematics, Sultan Chand and Sons.
  • Mizrahi and John Mathematics for Business and Social Sciences, Wiley and Sons

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