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SMS102Management Sciences3 Unitsintermediate

Business Mathematics Ii

This course, Business Mathematics II, is designed to equip students with the essential mathematical skills required for solving problems in the business world. It covers a range of topics, including set theory, basic set operations, number systems, functions, annuities, cash flow analysis, sinking funds, and linear programming. The course aims to enhance proficiency in business management by integrating mathematical models and techniques.

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150h
Study Time
13
Weeks
12h
Per Week
intermediate
Math Level
Course Keywords
Business MathematicsSet TheoryAnnuitiesLinear ProgrammingCash Flow

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level
Builds on foundational knowledge
65%
intermediate
📊
Math Level
Moderate Math
📖
Learning Type
Theoretical Focus

Course Topics

Key areas covered in this course

1

Set Theory

2

Basic Set Operations

3

Number Systems

4

Functions

5

Annuities

6

Cash Flow Analysis

7

Sinking Funds

8

Linear Programming

9

Calculus

10

Integration

11

Simultaneous Equations

12

Linear Inequalities

13

Matrix Algebra

14

Probability

Total Topics14 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (3 methods)

assignments

Comprehensive evaluation of course material understanding

Written Assessment

tutor-marked assignments

Comprehensive evaluation of course material understanding

Written Assessment

final examination

Comprehensive evaluation of course material understanding

Computer Based Test

Career Opportunities

Explore the career paths this course opens up for you

Financial Analyst

Apply your skills in this growing field

Management Accountant

Apply your skills in this growing field

Operations Manager

Apply your skills in this growing field

Investment Banker

Apply your skills in this growing field

Business Consultant

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

BankingFinanceManufacturingLogisticsConsulting

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

MODULE ONE

3h

Unit 1: Sets & Subsets

3 study hours
  • •Read the introduction to sets and subsets.
  • •Understand set notation and rewrite sets in different forms.
  • •Identify and classify different kinds of sets with examples.
  • •Practice exercises on set identification and notation.
Week
2

MODULE ONE

3h

Unit 2: Basic Set Operations

3 study hours
  • •Study basic set operations: union, intersection, difference, and complement.
  • •Compare sets and assign new sets based on comparability.
  • •Represent set relationships using Venn diagrams.
  • •Solve problems involving set operations.
Week
3

MODULE ONE

3h

Unit 3: Set of Numbers

3 study hours
  • •Explore different sets of numbers: integers, rational numbers, natural numbers, and irrational numbers.
  • •Represent sets of numbers on the real line.
  • •Understand inequalities and absolute values.
  • •Perform set operations on intervals.
Week
4

MODULE ONE

3h

Unit 4: Functions

3 study hours
  • •Define functions, mappings, operators, and transformations.
  • •Identify one-to-one and onto functions.
  • •Find the composition of two or more functions.
  • •Determine the inverse of a function.
Week
5

MODULE TWO

3h

Unit 1: Annuity

3 study hours
  • •Define annuity and future values.
  • •Distinguish between ordinary annuities and annuities due.
  • •Calculate the future value of an ordinary annuity.
  • •Calculate the present value of an ordinary annuity.
Week
6

MODULE TWO

3h

Unit 2: Cash Flow

3 study hours
  • •Define cash flows and their importance in financial analysis.
  • •Classify cash flows into operating, investing, and financing activities.
  • •Learn how to manage cash flow effectively.
  • •Calculate total cash flows using different methods.
Week
7

MODULE TWO

3h

Unit 3: Sinking Fund

3 study hours
  • •Define sinking fund and its purpose.
  • •Understand simple and compound interest.
  • •Discuss the features and types of debt instruments.
  • •Calculate sinking fund payments.
Week
8

MODULE TWO

3h

Unit 4: Mathematical Programming (Linear Programming)

3 study hours
  • •Understand the requirements and assumptions of linear programming problems.
  • •Identify areas of application of linear programming.
  • •Formulate linear programming problems from real-world scenarios.
  • •Learn graphical methods for solving linear programming problems.
Week
9

MODULE THREE

3h

Unit 1: Computation of Areas by Calculus

3 study hours
  • •Understand the concept of area under a curve and its computation.
  • •Learn about partition of a closed interval.
  • •Compute area under a curve as limits.
  • •Practice problems on area computation.
Week
10

MODULE THREE

3h

Unit 2: Definite Integral

3 study hours
  • •Define the definite integral and its properties.
  • •State and apply the fundamental theorem of integral calculus.
  • •Evaluate definite integrals of various functions.
  • •Solve problems involving definite integrals.
Week
11

MODULE THREE

3h

Unit 3: Indefinite Integral

3 study hours
  • •Define indefinite integral and its properties.
  • •Apply indefinite integration to solve differential equations.
  • •Understand the concept of anti-differentiation.
  • •Practice problems on indefinite integration.
Week
12

MODULE THREE

6h

Unit 4: Integration of Transcendental functions

3 study hours
  • •Learn to integrate rational and exponential functions.
  • •Integrate trigonometric functions using standard formulas.
  • •Apply integration by inverse trigonometric functions.
  • •Solve problems involving transcendental functions.

Unit 5: Integration of Powers of Trigonometric functions

3 study hours
  • •Understand the basic formulas for trigonometric functions.
  • •Learn to integrate powers of trigonometric functions.
  • •Evaluate integrals involving even powers of sines and cosines.
  • •Practice problems on trigonometric integration.
Week
13

MODULE FOUR

6h

Unit 1: Mathematical Tools I: Simultaneous Equations, Linear Functions, and Linear Inequalities

3 study hours
  • •Solve simultaneous equations using elimination methods.
  • •Understand linear functions and their applications.
  • •Solve linear inequalities and apply them to business conditions.
  • •Practice problems on simultaneous equations and inequalities.

Unit 2: Mathematical Tools II: Introduction to Matrix Algebra

3 study hours
  • •Understand the basic principles of matrix algebra.
  • •Perform matrix addition, scalar multiplication, and matrix multiplication.
  • •Apply matrices in business decisions.
  • •Solve problems involving matrix operations.

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

Read the complete course material as provided by NOUN.

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Review all module objectives and ensure you can meet each one.

2

Practice solving problems from each unit, focusing on TMAs.

3

Create flashcards for key formulas and definitions.

4

Allocate study time proportionally to the weight of each module in the final exam.

5

Focus on understanding the underlying concepts rather than memorizing formulas.

6

Practice applying mathematical techniques to real-world business scenarios.

7

Review all examples provided in the study units and attempt similar problems.

8

Create concept maps linking units 3-5 calculus concepts

9

Practice linear programming problems from Units 7-9 weekly

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