MATH 1071: Fundamentals of Mathematics for Business and Economics
This course is designed for Business and Economic students. On completion of the course students will be expected to understand and interpret functions as relations between two quantities in three basic mathematics contexts: symbolic, numerical, and graphical; develop a multi-disciplinary knowledge base with an interdisciplinary perspective of mathematical areas; develop critical thinking and problem-solving skills that enable a student to solve problems in a variety of applied situations, and develop a knowledge base for applications of mathematics of finance.
Sample Course Outline
Unit 1: Basic Algebra, Functions, and Graphs
- Working with algebraic expressions and equations (Chapters 0 and 1)
- Functions and Graphs (Chapter 2)
Unit 2: Lines, Parabolas, Systems, Exponential and Logarithmic Functions
- Modeling using linear and quadratic functions (Chapter 3)
- Solving systems of equations (Chapter 3)
- Exponents and logarithms (Chapter 4)
Unit 3: Matrices and Linear Programming
- Matrices (Chapter 6)
- Linear Programming (Sections 7.1-7.3)
Unit 4: Finance
- Basic Mathematical Finance (Chapter 5)
- Difference Equations (Chapter 11 of Goldstein, Schneider, Siegel, Finite Mathematics and Its Applications)
Sample Grading Scale & Final Exam
There will be four assignments, one for each unit of the course. Each assignment is worth 12.5% of your mark, for a total of 50%. In addition, students must pass the final exam in order to receive a passing grade for the course.
| Assignment 1 | 12.5% |
| Assignment 2 | 12.5% |
| Assignment 3 | 12.5% |
| Assignment 4 | 12.5% |
| Final Examination | 50% |
| Total | 100% |
