Scribd
Upload
26 views5 pages

Mathematics Module Guideline

Uploaded by

abdulrahman470583
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
26 views5 pages

Mathematics Module Guideline

Uploaded by

abdulrahman470583
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 5

INSTITUTE OF

ACCOUNTANCY
ARUSHA

MODULE GUIDELINES

ELEMENTARY BUSINESS MATHEMATICS

ACT 04102 & FBT04103

DEPARTMENT: GENERAL STUDIES

ACADEMIC YEAR 2024/2025

1
1. General Module Information
Module Name: ELEMENTARY BUSINESS MATHEMATICS

Module Code: ACT04102& FBT04103

Semester: I

Level: 4

Location: DODOMA

Contact Hours per Week: Lecture 2hrs & Tutorials 2hrs

2. Module Description
Elementary Business Mathematics introduces students to apply mathematical concepts and
methods that help in decision making. The use of mathematical tools has been on the increase
day to day in business and IT in solving business problems. Therefore Business mathematics
is a Fundamental course in all business related disciplines.

3. Aims, Objectives and Learning Context


3.1 Course Aims
Elementary Business Mathematics will enhance the ability of students to use mathematical
concepts and statistical techniques to solve business and apply them basing on a given context.
At the end of the course, students should be in a position to apply Mathematical concepts and
Methods to promote business growth and apply statistical skills, techniques and methods in
sustaining business operations and decisions making.

3.2 Learning Objectives

i. Apply set theory in solving business problems


ii. Apply arithmetic skill to solve basic business problems
iii. Use basic concepts of equations and inequalities in solving business related problems

2
iv. Apply matrices knowledge to solve basic business problems
v. Apply simple and compound interests Skills to solve routine business problems
vi. Apply basic rules of differentiation to solve the basic problem of optimization in the
business
vii. Apply statistical concepts to solve basic organization problems

3.3 Learning Context and Graduate Attributes

The module will employ a variety of methods (formal lectures, group & Individual presentations,
,Individual studies, Assignments and problem-solving exercises) as appropriate.

4. Course contents

i. Set Theory: Definitions and types of set, Methods of describing set, operations on set,
vein diagram and application of set theory.
ii. Simple Arithmetic: Concepts of numbers, decimals, percentages to decimals,
percentage formula to find rate, the portion or base, proportional and variation.
iii. Equations and Inequalities: Solution of simple linear equations, simultaneous equation
system, solution of simultaneous equation systems with specific applications to business
problems, inequalities.
iv. Matrix: Definition, Matrix operations, Determinant and inverse of matrix.
v. Sequence and series: Arithmetic and Geometric Progression, Simple and Compound
Interest
vi. Basic concepts of Calculus: Differentiation and Integration, Applications (Marginal cost
and Revenue).
vii. Simple Descriptive Statistics: Definition, Types of Statistics, Frequency and Measure of
Tendency (Mean, Mode and Median) and Measure of dispersion (Range, Variance and
Standard deviation).

3
Learning Materials Recommended Reading
1. Waters, Donald (2008) Qualitative Methods for Business 4th Edition, Financial
Times/Prentice Hall
2. Barnet Raymond, Ziegler Michael, Byleen Kar, (2008), College Mathematics for
Business, Economics, Life Science and Social Service, 11th Edition: Prentice Hall
3. Monga G.S (2004) Mathematics and Statistics for Economics, 2nd Revised
Edition, Vikas Publishing House, New Delhi
4. Miller, Charles, Salzman, Stanley, Clendenen, Galy, (2005), Business
Mathematics, 10th Edition: Addison Wesley
5. Aczel, Amir D. Jayavel Sounder Pandian, (2006), Complete Business Statistics,
6th Edition: TATA McGraw Hill
6. Allan, Walter (2006), CIMA Exam Practice Kit Fundamentals of Business
Mathematics: New Syllabus, Elsevier Science & Technology
7. Siegel, Andrew F. (2003), Practical Business Statistics: McGraw Hill
8. Tultle Michael, Graves Virginia, Roueche Nelda, (2005), Business Mathematics
9th Edition: Prentice Hall .
9. Brencler Robelt, (2005), Contemporary Mathematics Business and for
Consumers, 4th Edition: South-Western College Publisher
10. Barnet Raymond, Ziegler Michael, Byleen Kar, (2008), College Mathematics for
Business, Economics Life Science and Social Service, 11th Edition: Prentice Hall
11. Soper Jean, (2004), Mathematics for Economics and Business, An Interactive
Introduction, 2nd Edition: Blackwell Publishing Professionals
12. Sullivan Mizrahi (2004), Mathematics an Applied Approach, 8th Edition: Wiley.

13. Abdu, A.N.S., (2004) – Study Guide for Elements of Business Mathematics and
Statistics: NBAA
14. Kinds Father, William, Parish, Alton W. (2003), Business Mathematics: Prentice
Hall
15. Kelley, W. Michael (2004), The Complete Idiot's Guide to Algebra, Alpha Books
16. Karris, Steven T. (2003), Mathematics for Business, Science, and Technology,
Orchard Publications

4
17. Monga G.S (2004) Mathematics and Statistics for Economics, 2nd Revised
Edition, Vikas Publishing House, New Delhi
18. Sancheti D.C and V.K Kapoor (2004) Business Mathematics, 11th Ed, Sultan
Chand & Sons, New Delhi

You might also like