318fdQAM104 - Business Mathematics II

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COURSE TITLE : BUSINESS MATHEMATICS II

L T P/S SW/ Total Credit


COURSE CODE: QAM 104 FW Units
CREDIT UNITS: 03 2 1 - - 03
COURSE LEVEL : UG

Course Objectives:
The objective of this course is to orient the students towards the basic concepts of mathematics and its applications in the
business world.
Pre-requisites:
The student should have basic knowledge of tenth standard CBSE level mathematics.
Student Learning Outcomes:
The students after completion of the program will be able to understand the mathematical concepts and terminology
involved in Algebra, Derivatives and basic arithmetic operations on Matrices.
The students will be able to interpret and solve business related problems.
The students will have strong foundation for further study in Management, Operations, Accounting, Marketing and
Finance.
Course Contents/Syllabus:
Weightage (%)
Module I : Algebra
 Introduction to Business Mathematics,
 Scope and Importance, Indices and Surds;
 Logarithm- Definition and properties, common logarithms; 20%
 Linear, Quadratic and Simultaneous Equations - Methods of solving quadratic equation,
Roots of quadratic equation, simultaneous equations with two or three unknowns,
 Inequalities with Graphs.
Module II : Data Arrangement
 Arithmetic and Geometric Progression and its Applications in Business, 10%
 Permutations and Combinations and its applications in business.
Module III : Coordinate Geometry
 Concepts of Co-ordinate Geometry, Cartesian Coordinate System, Coordinates of
midpoint,
 Distance between two points, Section Formula, 15%
 Equation of straight line (slope-intercept form, slope- point form, two point form),
 Intersection between two lines – equation parallel line, perpendicular line

Module IV : Differential Calculus

 Function: Definition, Types of Functions, Concepts of Limits and Continuity,


 Differentiation- definition, derivatives of Algebraic, Logarithmic and exponential
function,3. 20%
 Business application of differentiation;
 Chain Rule, Product Rule, Quotient Rule,
 Maxima and Minima (single variable case),
 Applications to business problems
Module V : Integration
 Concepts of Integration ,
10%
 Indefinite Integration and methods of integration (Exponential & Algebraic functions),
 Product Rule ,Business Application of Integration
Module V1 : Matrices
 Definition and Types of Matrices- Conversion of linear equations to matrix form,
Algebra of Matrices,
 Transpose of a Matrix, Determinants( order 2 and 3), Cofactors, Adjoint of a Matrix, 25%
Inverse of Matrix,
 Applications to business problems and solving simultaneous equations up to 3 variables
using Cramer’s Rule and Matrix Inversion Method.

Pedagogy for Course Delivery: The course pedagogy will include lectures, numerical practice and discussion on business
applications of the topics covered.

Assessment/ Examination Scheme:

Theory L/T (%) Lab/Practical/Studio (%) End Term Examination

30% 70%

Theory Assessment (L&T):


Continuous Assessment/Internal Assessment End Term
Examination
Components CT H C V A EE
(Drop down
Weightage (%) 15 10 - - 5 70
References:
1. Sharma J K (2014), Business Mathematics: Theory and Applications (2nd Edn), Ane Books Pub. ,Delhi,
2. Raghavachari M(1999), Mathematics for Management, Tata McGraw -Hill
3. Piskunov N (2003) ,Differential & Integral Calculus, Moscow MIR Publishers
4. Sancheti and Kapoor(2010), Business Mathematics, Sultan Chand & Sons

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