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    1729159583BSC-101

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    27 views4 pages

    1729159583BSC-101

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    Afshan Shehzad

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    HAILEY COLLEGE OF COMMERCE

    UNIVERSITY OF THE PUNJAB, LAHORE

    Course Title: Quantitative Methods-I Semester: 01

    Course Code: BSC-101 Credit Hours: 03

    1.0 Introduction of the Course


    This course introduces quantitative methods-I concepts and their applications in economics,
    business and finance. It also aims to equip students with practical skills to apply the concepts
    in real life. For this purpose, the course covers basic mathematical processes and techniques
    currently used in the fields of business and finance. It includes a review of main business math
    skills with particular emphasis on equations, percentages, interest, discounts, simple interest,
    compound interest, loan installments. This course is designed to provide strong mathematical
    foundations to enable the students to analyze data on the basis of modern mathematical
    techniques.
    2.0 Pre-Requisites Course (s) or Other Requirements/Skills:
    The course requires understanding of basic mathematical concepts

    3.0 Course Learning Outcomes


    The course carries following objectives:
    1. To develop an understanding about basic concepts used in algebra and
    mathematics
    2. To introduce student to different forms of equations
    3. To help solve different Binomial expressions
    4. To explain how to analyze progression and find the missing value of series
    and sum of a series and any term of a series that will help them in business
    decision making process
    5. To facilitate understanding about the process of calculating the return on
    business investment by using profitability analysis
    6. To help analyze annuity and its types with practice questions
    7. To explain basic concepts in matrix algebra
    8. To help explain how mathematical programming can be used to construct a
    model from past information to facilitate forecasting and problem solving

    4.0 Course Learning Outcomes


    At the end of the course students will be able to:
    1. Solve the algebraic expression and also able to find the value of in the
    business problems even where direct calculations are impossible
    2. Analyze mathematical and business problems with in a given situation and
    with a particular give conditional arrangement
    3. Learn the application of roots and powers in solving problem with help of
    logarithms
    4. Find the higher square and roots with high value by applying logarithm which
    is not possible in simple calculation easily
    5. Apply the equations to solve business problems and to find the hidden value
    6. To take business and investment decisions by comparing returns with the
    application of different techniques
    7. Plan and forecast on the basis of past information

    5.0 Course Contents:

    Unit-1:
    1.1 Exponential and Logarithmic functions
    1.2 Understanding basics of exponents and logarithmic functions and their application
    to business and finance
    Unit-2:
    1.1 Equation of straight line and its application in business and economics
    1.2 Understanding various forms of straight line equation and its application to
    various business problems

    Unit-3:
    3.1.1. Simultaneous equation – linear and quadratic
    3. 1.2. Understanding simultaneous equations and their application to business problem

    Unit-4:
    4.1 Coordinate system and line inequalities and their graphs
    4. 1.1. Understanding of basic coordinate systems and preparation of graphs
    4. 1.2. Understanding of linear inequalities and preparation of graphs
    4. 1.3. Progression or Series

    Unit-5: Factorization of equations


    5.1.1 Application of multiplication and division operations on linear and quadratic
    equations
    5.1.2 Solving quadratic equations through factorization and completing the square method
    5.1.3 Permutation, Combinations and Binomial Expansion

    Unit-6: Arithmetic and Geometric progression


    6.1 Understanding and applying arithmetic progression to business problem
    6.2 Understanding and applying geometric progression to business problems

    Unit-7:
    8.1 Linear programming
    8.2 Understanding application of linear programming using graphs
    8.3 Identification of constraints, cost minimizations, profit maximization, redundant
    constraints to solve programs
    8.4 Use of corner point theorem
    8.5 Analysis of graphical solution to see bounded or unbounded feasible regions
    Unit-8: Basic Calculus: rules for Differentiation-Sum, difference, product and quotient
    rules of differentiation
    3.1 Understanding basic calculus and basic rules of differentiation.
    3.1.1 Basic Calculus: Marginal function, calculation of revenue, costs and profits of
    marginal units
    3.1.2 Application of differentiation techniques to calculate revenues, costs, and profits
    of marginal units
    3.1.3 Basic calculus: Second order derivatives and their use
    3.1.4 Learning to calculate maxima, minima, and point of inflexion

    Unit-9: Fundamentals of matrices


    9.1.1 Understanding of basic matrix algebra and its application (addition, subtraction, and
    multiplication)
    9.1.2 Learning to calculation of determinant, adjoin, and inverse of matrix

    9.1.3 Solving simultaneous linear equations using Cramer‘s rule and matrix inverse method
    9.1.4 Understanding to use matrix algebra for solution of simultaneous linear equations
    9.1.5 Application Cramer‘s rule matrix inverse method

    9.1.6 Basics of financial mathematics: Simple interest, compound interest, present value,
    future value
    9.1.7 Using basic functions of time value of money
    9.1.8 Calculation of simple and compound interest
    9.1.9 Calculation of present and future values of a single sum

    Unit-10: Annuities
    10.1.1 Understanding and calculation of present value and future value of annuities using
    both formula and financial table
    10.1.2 Internal rate of return, interpolation, and perpetuities
    Understanding and calculation of IRR, and present value of perpetuity

    Revision and makeup

    Suggested topics:
    Sets, relations and functions
    Ratios and proportions
    Shares, Loan, mortgage and bonds
    Investment Decisions
    Introduction to Mathematical Programming, Models, Algorithms
    Application of mathematics in business
    Application of linear equations
    Breakeven analysis
    Differential calculus

    6.0 Teaching-Learning Strategies


     Lectures
     Handouts (hard or soft copies)
     Group Discussions
     Presentations
     Assignments
    7.0 Assignments
     Short tests
     Quizzes
     Term Paper
     Research Papers

    9.0 Textbooks

    1. Bowra, Z. A. (2020). Business Statistics and Mathematics, Azeem Academy, Lahore


    10. Suggested Readings
    10.1Books
     Mirza, S.H. (latest edition). Business Mathematic for Management and Finance,
     L W Stafford, Business Mathematics.
     Richard Lacava, Business Statistics.
     Nasir Ali Syed, and G H Gill, Statistics and Business Mathematics, Fair
    Publication, Lahore
    10.2 Journal Articles/ Reports/ Web Sources
     https://www.khanacademy.org/math
     https://www.mathsisfun.com/index.htm
     https://www.intmath.com/
     https://www.ixl.com/math/
     https://www.mathplanet.com/

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