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ADC - I Business Mathematics and Statistics Syllabus IUB

ADC - I Business Mathematics and Statistics Syllabus IUBADC-I  Business Fundamentals & Structures Syllabus
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The Islamia University of Bahawalpur

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Course Outlines

Associated Degree in Commerce (Specialization in Accounting & Finance)

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Semester

1

Course Name

Business Mathematics and Statistics

Course Code

ADC 01103

Credit Hours

3

Prerequisites

Basics Mathematics

Follow Up

-------

Objectives to achieve

After studying Business Mathematics course the students should understand a variety of contents related to businessand they should be able to know about the practical implications ofBusiness Mathematics in business field.

Teaching Strategies

 

  1. Lectures
  2. Handouts
  3. Group discussions
  4. Class-room presentations
  5. Projects and term paper
  6. Quizzes

vii. Case study, reading assignment

Assessment Criteria

Mid-term

 (Assessment by respective College)

Final Examination

(Assessment by the Islamia University of Bahawalpur)

40 %

60 %

Quizzes and Tests, Assignment and Presentations, Viva, Attendance, Class Participations and discipline etc.

Written Paper

Written Paper

Weekly Lecture Plan/Syllabus

Weeks

Topics

Detail

 

 

 

 

1

 

Equations-I

 

        i.            Introduction to Business Mathematics

      ii.            Linear Equation in One  Unknown Variable

    iii.            Linear Equations in Two Unknown Variables (Simultaneous Equations)

 

 

 

2

 

Equations-II

 

        i.            Linear Equations in Three Variables

      ii.            Introduction to Quadratic Equations

    iii.            Quadratic Formula

 

 

 

3

Matrix

        i.            Order of Matrix, Types of Matrices, Addition and Subtraction of Matrices, Multiplications of Matrices, Properties of Addition and Subtraction, Determinants of Matrix,

 

 

 

 

4

Logarithms, Permutation and Combination

        i.            Logarithms (with Applications). How to operate roots and powers in solving problem with help of logarithms. 

      ii.            Permutation, Combinations and Binomial Expansion with their application to business problems.

 

 

5

Sequences and Series

        i.            Introduction, Arithmetic Progression

      ii.            Geometric Progression

 

 

6

Percentages, Discount and Commissions

        i.            Percentage, Basic Problems in Percentage, , Mark up, Discount, and Commission

      ii.            Problems Relating to the above Topics

 

 

 

7

 

Mathematics of Finance-I

        i.            Simple Interest and Compound Interest

      ii.            Future Value and Present Value of Single cash Flow by applying Simple and Compound Interest

    iii.            Financial Tables Application in Calculating Future and Present Value of Single Cash Flow

 

 

 

8

 

Mathematics of Finance-II

        i.            Annuity, Ordinary Annuity and Annuity Due

      ii.            Future Value And Present Value Calculation of Both Ordinary Annuity and Annuity Due

    iii.            Present Value of Perpetuity

    iv.            Financial Tables Application  in Calculating Future and Present Value of Annuity

 

9

Introduction to statistics data, frequency distribution

 

1.      Data and its types

2.      Presentation of data

3.      Frequency distribution

 

 

10

Measure of central tendency

1.      Mean, median mode

2.      G.M and H.M

3.      Quartiles, deciles and percentiles

 

11

Measure of skewness and dispersion,

1.      Standard deviation, range, Quartile deviation and mean deviation with their coefficients,

2.      Measure of skewness

3.       

 

12

Index number and square

1.      All indexes (Price Quantity and Aggregate)

2.      L.I, P.I, F.I and M.I

3.      Weighted index

 

 

13

Testing of Hypothesis Chi-

1.      Chi-square testing (Measure of dependency)

 

14

ANOVA,

                                                              i.            ANOVA (analysis of variance)

 

 

15

Sampling

        i.            Sampling with and without replacement

 

16

Revision and preparation week

 

 

 

Primary Recommended Book

1.       Z A Bowra, Business Statistics and Mathematics.

2.       Cheryl Cleaves, Margie Hobbs and Jaffrey Noble, Business Math, Pearson Education Inc.

3.       Syed Hassan Mirza, Business Mathematic for Management and Finance.

 

Additional Readings

1.        Sandra Peers, Business Mathematics, Elsevier

2.       L W Stafford, Business Mathematics.

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