Department of Business Administration
Course Title: Business Mathematics
Course Code: ASC 162
Pre-requisite Courses: Basic Mathematics
Credit Hours: Three (3)
Semester: Third (3)
Degree: BBA Program
Course Objectives:
This course has been designed to give the students:
1. Understanding of concepts related to mathematical functions (log, algebraic,
exponential)
2. Knowledge related to the use of differential calculus (total and partial both)
3. Proficiency to perform the optimization by using total and partial differentiation
4. Expertise in dealing with definite & indefinite integral for algebraic functions
5. Technical skill in dealing with the definite & indefinite integral for algebraic
functions
6. Knowledge of the usage of calculus in the area of business, economics, finance
and others.
Learning Outcomes:
By the end of this course students will be able to:
1. Understand the application of different functions in the field of business and
economics.
2. Know the application of differentiation and its optimization in different functions
like optimization of cost, revenue, profit, sale, demands etc. (involving one and
more than one independent variables).
3. Apply differentiation and decide how it can be used for the optimization of
different functions like optimization of cost, revenue, profit, sale , demands etc
involving one and more than one independent variables
4. Use the anti-derivatives (Integration) for business related
Teaching Methodology:
Learning will be accomplished through lectures, outside readings, case analysis and
student participation in classroom discussion and presentations. Grading will tend to
focus on students’ overall personality rather than on one or two aspects
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Code of Conduct:
Students have to follow the rules stated below to avoid a failing grade in the course:
Understand and follow the University policy regarding attendance.
Arrive in and leave the classroom strictly on time. Late arrival will be marked as
absence. If you leave the classroom in the middle of a session even for a short
while, you will be marked absent.
Keep your cell phone off during the class.
Do the assigned readings for a class before coming to the class.
Maintain a disciplined, cordial, and respectful attitude towards the teacher and
your fellow students.
Submit your homework on the due date before the class begins.
Do not plagiarize from books, journals, or the internet.
Do not cheat (make someone else do your work or present work for some other
course as work for this course).
The teacher’s decisions about marks and grade will be final.
Course Contents
Week Topics to be covered Remarks
1. FUNCTION
Functions
Graph of a function
Limits
Continuity
2. DIFFERENTIATION: BASIC CONCEPTS
Derivatives Assignment
Rate of change and slope
Increasing & Decreasing function
3. DIFFERENTIATION: BASIC CONCEPTS (CONTINUE)
Techniques of differentiation
o The constant rule Quiz
o The sum rule
o The power rule
Product Rule, Quotient Rules
4. DIFFERENTIATION: BASIC CONCEPTS (CONTINUE)
Higher order derivatives
Chain Rule
Implicit differentiation
5. DIFFERENTIATION: BASIC CONCEPTS (CONTINUE) Assignment
Application:
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Relative change and percentage relative change
Marginal analysis
Approximations using small increment
Percentage change
6. ADDITIONAL APPLICATION OF THE DERIVATIVES
The first derivative test for relative extreme Quiz
Sketching of function using first derivative
7. ADDITIONAL APPLICATION OF THE DERIVATIVES
(Continue)
Continuity and point of inflection Assignment
Sketching of function using second derivative
Optimization by second derivative test.
MID-TERM EXAMINATION
8. ADDITIONAL APPLICATION OF THE DERIVATIVES
(Continue) Quiz
Optimization by second derivative test.
Application of optimization of derivative
9. DIFFERENTIATION OF LOG FUNCTION
Derivative of ln x
Chain rule for log function
Product and Quotient involving log and algebraic
functions
10. DIFFERENTIATION OF EXPONENTIAL FUNCTION
Derivative of ex
Chain rule for exponential function Assignment
Product and Quotient involving exponential, log
and algebraic functions
11. Calculus of Several Variables
Functions of several variables Quiz
Partial derivatives
12. Calculus of Several Variables (Continue)
Optimization of two variables Assignment
Application of optimization of two variables
13. ANTIDERIVATIVE (INTIGRATION)
The Indefinite integral Quiz
Integration by substitution
Integration of log function
14. ANTIDERIVATIVE (INTIGRATION) (Continue)
Integration of exponential function
Definite integration
Application of definite integration
15. Revision and problem discussion before the final
examination
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FINAL EXAMINATION
Rescheduling of Class:
The teachers at Iqra University are very particular about taking their classes, but in case
of an emergency, an alternate teacher may conduct the class. Students are informed
through SMS in case of rescheduling of a class.
Grading Policy:
‘A’ Grade: 88 and above
‘B+’ Grade: 81-87
‘B’ Grade: 74-80
‘C+’ Grade: 67-73
‘C’ Grade: 60-66
‘F’ Grade: Below 60
Marks Distribution of 100%:
Quizzes 15
Assignments/Case Studies: 15
Project/Project presentations: 05
Mid-term 25
Final Exam 40
Total 100
Recommended Book(s):
1. Applied Calculus for Business, Economics and the Social and Life Sciences by
Laurence D. Hoffmann, Gerald L. Bradely, Kenneth H. Rosen, McGraw Hill
(Latest Edition)
Reference books:
1. Applied Mathematics for Business, Economics and Social Sciences by Frank S.
Budnick, 4th Edition
2. Mathematical Economics by Alpha Chiang, 3rd Edition
3. In addition the teacher may prescribe any additional reading material.
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