Business Mathematics I
- Management Sciences
- 100 level
- 3 credit units
- 172 pages
- 10 units
This course is designed to teach students how mathematics can be applied to solve problems in the business world. It covers mathematical skills required for proficiency in business management. The course introduces concepts and characteristics of business mathematics, emphasizing its importance in the contemporary business environment. Learners will develop skills in using mathematical techniques and models to solve business-related problems.
About this course
- Difficulty
- Intermediate
- Study hours
- 150 hours
- Maths
- Intermediate
- Content
- Theoretical, problem solving, case study
- Practical work
- No
- Assignments
- Tutor marked assignments
- Final examination
What you'll read
The real module and unit structure of SMS101, taken from the course material NOUN publishes.
One paragraph, so you can see how it reads
SMS101 · UNIT 1 MATHEMATICS AND SYMBOLIC LOGIC
One important instrument for communication, but not easily mentioned is the use of figures. Figures are major instrument used for expression, especially where large data are involved. It makes expression very concise in explanation and interpretation. This makes it important for us to know how mathematical symbols and logic could be used.
What you should be able to do
- Apply mathematical skills to solve business problems.
- Use symbolic logic to analyze business arguments.
- Solve problems involving matrices and determinants.
- Apply calculus techniques to optimize business functions.
- Use linear programming to make optimal decisions under constraints.
What it prepares you for
- Business Analyst
- Financial Analyst
- Operations Manager
- Management Consultant
- Project Manager
- Finance
- Operations Management
- Supply Chain Management
- Marketing
- Economics
Where it gets hard
The units students slow down on, and what makes each one heavy.
- Module 1:
Unit 1: Mathematics and Symbolic Logic
Requires understanding of abstract concepts and application of logical rules to determine truth values of complex statements.
- Module 2:
Unit 3 Differentiation and Integration
Requires strong calculus skills and understanding of limit definitions to evaluate complex integrations.
A suggested way through it
13 weeks, about 60 hours in total. Yours will differ.
- Week 1Module 1:
Unit 1: Mathematics and Symbolic Logic · 4 hours
Understand the definitions of mathematics and symbolic logic.. Learn about the objectives of symbolic logic reasoning.. Identify and define basic logical terms such as statements and propositions.. Study the different types of statements: simple and composite.. Familiarize yourself with logical connectives like conjunction, disjunction, and negation..
- Week 2Module 1:
Unit 2: Matrices and Determinants · 5 hours
Define a matrix and understand its dimensions.. Learn about different types of matrices: zero/null, identity, diagonal, transpose, symmetric, and idempotent.. Understand the conditions for equality of matrices.. Perform scalar multiplication of matrices.. Learn the rules for matrix multiplication and determine if matrices are conformable..
- Week 3Module 1:
Unit 3: Vectors and Complex Numbers · 5 hours
Define scalars and vectors, and differentiate between them.. Learn about different types of vectors: free, time-related, point-located, and position vectors.. Understand vector representation and modulus.. Perform vector addition and subtraction using the triangular rule.. Understand scalar multiplication of vectors and related theorems..
- Week 4Module 1:
Unit 4: Introduction to Straight Lines · 4 hours
Define a straight line and understand how to determine a point in the (x, y) plane.. Calculate the distance between two points using the distance formula.. Determine the gradient or slope of a straight line.. Learn the equations of a straight line with a given slope.. Understand how to find the equation of a line given one point and the slope, or given two points..
- Week 5Module 1:
Unit 5: Introduction to Circle · 3 hours
Define a circle and understand its properties.. Learn how to form the equation of a circle given its center and radius.. Understand the properties of the equation of a circle.. Solve problems involving the equation of a circle.. Identify the center and radius from a given equation of a circle..
- Week 6Module 2:
Unit 1 Simple Sequence and Series · 4 hours
Define a sequence and understand its types: finite and infinite.. Learn how to find the general term of a sequence.. Understand arithmetic sequences (A.P) and geometric sequences (G.P).. Find the common difference in an A.P and the common ratio in a G.P.. Calculate the nth term of an A.P and a G.P..
- Week 7Module 2:
Unit 2 Limits · 5 hours
Define limits and understand how to find the limit of a function.. Learn about the properties of limits.. Understand limits at infinity and how to evaluate them.. Differentiate between discrete and continuous variables.. Understand the property of continuity and how to determine if a function is continuous..
- Week 8Module 2:
Unit 3 Differentiation and Integration · 5 hours
Define differentiation and understand its basic principles.. Learn techniques of differentiation: power rule, sum rule, product rule, quotient rule, and chain rule.. Differentiate trigonometric functions: sin x, cos x, tan x.. Differentiate inverse trigonometric functions.. Differentiate exponential and logarithmic functions..
- Week 9Module 2:
Unit 3 Differentiation and Integration · 4 hours
Define integration as the inverse process of differentiation.. Learn the properties of integration.. Understand integration of functions of a function.. View integration as summation.. Apply integration to solve business problems..
- Week 10Module 2:
Unit 4 Maximum and Minimum Points and Value · 4 hours
Define stationary points and understand how to find them.. Learn how to determine the nature of turning points: maximum or minimum.. Calculate maximum and minimum values of a function.. Identify points of inflexion.. Apply maxima and minima concepts to solve business-related problems..
- Week 11Module 2:
Unit 5 Linear Programming (Inequalities and Constraints) · 5 hours
Understand the methods of linear programming.. Learn the steps involved in linear programming: defining constraints, graphing constraints, defining the objective function, and finding the optimum feasible solution.. Understand the concept of slack and its importance.. Apply linear programming to solve problems involving inequalities and constraints.. Formulate linear programming problems and represent them graphically..
- Week 12Revision
Review Module 1 · 6 hours
Review all units from Module 1, focusing on key definitions, formulas, and problem-solving techniques.. Practice solving problems related to symbolic logic, matrices, vectors, straight lines, and circles.. Complete sample assignments and TMAs to reinforce understanding..
- Week 13Revision
Review Module 2 · 6 hours
Review all units from Module 2, focusing on key definitions, formulas, and problem-solving techniques.. Practice solving problems related to sequences, series, limits, differentiation, integration, and linear programming.. Complete sample assignments and TMAs to reinforce understanding..
Preparing for the exam
- Create a study schedule allocating specific time for each unit, focusing on areas of weakness.
- Practice solving problems from each unit, paying attention to the steps involved in each solution.
- Create flashcards for key formulas and definitions to aid memorization.
- Review all Tutor Marked Assignments (TMAs) and identify areas where marks were lost.
- Focus on understanding the underlying concepts rather than just memorizing formulas.
- Practice past exam papers to familiarize yourself with the exam format and types of questions.
- Create concept maps linking Units 3-5 calculus concepts
- Practice SQL queries from Units 7-9 weekly
- Review all TMAs
- Focus on key concepts
Questions students ask about this course
What is SMS101 about?
This course is designed to teach students how mathematics can be applied to solve problems in the business world. It covers mathematical skills required for proficiency in business management. The course introduces concepts and characteristics of business mathematics, emphasizing its importance in the contemporary business environment. Learners will develop skills in using mathematical techniques and models to solve business-related problems.
How many units does SMS101 have?
SMS101, Business Mathematics I, has 10 units across 2 modules, over 172 pages of course material. You can read it one unit at a time.
How many credit units is SMS101?
SMS101 carries 3 credit units, at 100 level in Management Sciences.
Is SMS101 hard?
SMS101 is rated intermediate level, with intermediate mathematical content. It is mostly theoretical, problem solving and case study work.
How long does SMS101 take to study?
About 150 hours of study, spread across its 10 units.
How is SMS101 assessed?
SMS101 is assessed by assignments, tutor marked assignments and final examination.
What can I do with SMS101?
Business Analyst, Financial Analyst, Operations Manager, Management Consultant and Project Manager.