Business Mathematics
- Management Sciences
- 700 level
- 2 credit units
- 281 pages
- 16 units
This course is designed to teach students how mathematics can be applied to solve problems in the business world. It introduces fundamental mathematical concepts and techniques essential for business management. The course covers sets, number systems, functions, annuities, cash flow analysis, and linear programming. Students will learn to integrate mathematical models for informed decision-making in contemporary business scenarios.
About this course
- Difficulty
- Intermediate
- Study hours
- 150 hours
- Maths
- Intermediate
- Content
- Theoretical, problem solving
- Practical work
- No
- Assignments
- Tutor marked assignments
- Final examination
What you'll read
The real module and unit structure of BUS729, taken from the course material NOUN publishes.
One paragraph, so you can see how it reads
BUS729 · UNIT 1: SETS & SUBSETS
Every unit contains a list of references and further reading. Try to get as many as possible of those textbooks and materials listed. The textbooks and materials are meant to deepen your knowledge of the course.
What you should be able to do
- Apply mathematical skills to solve business problems
- Use mathematical techniques in decision-making
- Integrate mathematical models in business analysis
- Calculate present and future values of annuities
- Apply linear programming to optimize resource allocation
What it prepares you for
- Financial Analyst
- Management Consultant
- Operations Manager
- Investment Banker
- Actuary
- Banking
- Finance
- Insurance
- Manufacturing
- Consulting
Where it gets hard
The units students slow down on, and what makes each one heavy.
- MODULE THREE
Unit 1: Computation of Areas by Calculus
Requires strong understanding of calculus concepts and ability to apply them in area calculations.
- MODULE THREE
Unit 2: Definite Integral
Requires a solid grasp of integration techniques and the ability to apply the fundamental theorem of calculus.
- MODULE THREE
Unit 3: Indefinite Integral
Requires strong recall of differentiation formulas and creative problem-solving to find appropriate anti-derivatives.
A suggested way through it
13 weeks, about 78 hours in total. Yours will differ.
- Week 1MODULE ONE
Unit 1: Sets & Subsets · 6 hours
Define sets and subsets.. Learn different set notations.. Identify different kinds of sets with examples..
- Week 2MODULE ONE
Unit 2: Basic Set Operations · 6 hours
Compare two sets.. Assign new sets based on comparability.. Represent relationships on Venn diagrams..
- Week 3MODULE ONE
Unit 3: Set of Numbers · 6 hours
Represent number sets on the real line.. Perform set operations on intervals.. Understand properties of real numbers..
- Week 4MODULE ONE
Unit 4: Functions · 6 hours
Identify functions from statements and diagrams.. Determine if a function is one-to-one or onto.. Find composition functions..
- Week 5MODULE TWO
Unit 1: Annuity · 6 hours
Define annuity and future values.. Calculate future value of an ordinary annuity.. Calculate present value of an ordinary annuity..
- Week 6MODULE TWO
Unit 2: Cash Flow · 6 hours
Define cash flows.. Discuss cash flow classification.. Learn how to manage cash flow..
- Week 7MODULE TWO
Unit 3: Sinking Fund · 6 hours
Define sinking fund.. Discuss simple and compound interest.. Discuss features and types of debt instruments..
- Week 8MODULE TWO
Unit 4: Mathematical Programming (Linear Programming) · 6 hours
Explain requirements for Linear Programming.. Highlight assumptions of Linear Programming.. Identify application areas..
- Week 9MODULE THREE
Unit 1: Computation of Areas by Calculus · 6 hours
Understand area computation by calculus.. Learn about partitions of closed intervals.. Compute area as limits..
- Week 10MODULE THREE
Unit 2: Definite Integral · 6 hours
Define definite integrals.. State the fundamental theorem of integral calculus.. Evaluate definite integrals..
- Week 11MODULE THREE
Unit 3: Indefinite Integral · 6 hours
Evaluate indefinite integrals as anti-differentiation.. Recall notations and properties of indefinite integration.. Integrate separable differential equations..
- Week 12MODULE THREE
Unit 4: Integration of Transcendental functions · 6 hours
Derive formulas for integrating rational and exponential functions.. Evaluate integrals of trigonometric functions.. Integrate using derivatives of inverse trigonometric functions..
- Week 13MODULE THREE
Unit 5: Integration of Powers of Trigonometric functions · 6 hours
Recall differential formulas and corresponding integrals.. Evaluate integrals involving powers of trigonometric functions.. Evaluate integrals involving products of even powers of sines and cosines..
Preparing for the exam
- Review set theory concepts and practice Venn diagram problems (Module 1).
- Master annuity calculations and understand different annuity types (Module 2).
- Practice formulating and solving linear programming problems graphically (Module 2).
- Memorize key integration formulas and practice applying them to various functions (Module 3).
- Focus on understanding the fundamental theorem of calculus and its applications (Module 3).
Questions students ask about this course
What is BUS729 about?
This course is designed to teach students how mathematics can be applied to solve problems in the business world. It introduces fundamental mathematical concepts and techniques essential for business management. The course covers sets, number systems, functions, annuities, cash flow analysis, and linear programming. Students will learn to integrate mathematical models for informed decision-making in contemporary business scenarios.
How many units does BUS729 have?
BUS729, Business Mathematics, has 16 units across 4 modules, over 281 pages of course material. You can read it one unit at a time.
How many credit units is BUS729?
BUS729 carries 2 credit units, at 700 level in Management Sciences.
Is BUS729 hard?
BUS729 is rated intermediate level, with intermediate mathematical content. It is mostly theoretical and problem solving work.
How long does BUS729 take to study?
About 150 hours of study, spread across its 16 units.
How is BUS729 assessed?
BUS729 is assessed by assignments, tutor marked assignments and final examination.
What can I do with BUS729?
Financial Analyst, Management Consultant, Operations Manager, Investment Banker and Actuary.