Bangladesh University of Professionals (BUP)

Faculty of Business Studies (FBS)

Master of Business Administration (MBA)
COURSE OUTLINE
Part A:

Course Title: : Mathematics for Decision

Course Code: : BUS-7102
Course Type : Fundamental Course
Term & Section : MBA 1st Year 2nd Trimester (Batch 34), Section: A and C
Academic Session : January 2024
Course Instructor : Professor Dr. Md. Showkat Ali, Cell No. : +8801712283278
E-mail: msa@du.ac.bd, msa317@yahoo.com
Pre-requisite : Not Applicable
Credit Value : 03
Class Timing : Friday: 03.00-06.00 pm (Sec: A, CR-1004) & 06:30-09:30 pm
(Sec: C, CR-902)
Total Marks : 100

Course Summary

The business interpretation in relation to the mathematical tools is the major concentration of this
course. The course includes elements of algebra, number fields, linear and non-linear
inequalities, functions, sets, analytic geometry, logarithm, limit, differential and integral calculus,
matrix and linear programming. The purpose of the course is to help the students learn
mathematical tools, which are used in management studies. As well as giving the students in
these topics the course focuses on how to interpret and solve business-related word problems and
to develop simple mathematical models from a business perspective. The course provides step-
by-step guidance through sample problems and solutions related to business and economics.

Course Objectives
On successful completion of this course, students should be able to:
 Apply mathematical skills to business applications and business decision in real world.
 Integrate the mathematical principles with their everyday business.
 Develop systematic and logical approach to decision making
  Solve business problems stated in words that involve matrix, function, differentiation and
integration.
 Interpret and solve business related problems and to develop simple mathematical models
from a business perspective.

Mapping Course Learning Outcomes (CLOs) with the Teaching-Learning &

Assessment Strategy

On successful completion of this course, student will be able to

CLOs Teaching-Learning Strategy Assessment Strategy
CLO 1 Lecture, Problem Solving Class Test, Midterm, Final Exam
CLO 2 Group Discussion, Hands-on- Assignment, Midterm, Final Exam
Activities
CLO 3 Problem Solving Class Test, Midterm, Final Exam
CLO 4 Hands-on-Activities Assignment, Midterm, Final Exam
CLO 5 Case Study Class Test, Midterm, Final Exam

CLO 1 Understand and apply mathematical concepts and techniques to analyze and solve
practical business problems
CLO 2 Understand and apply financial mathematics principles to evaluate and make
informed decisions regarding investments, loans, and other financial transactions
CLO 3 Apply optimization techniques to maximize profits, minimize costs, and optimize
resource allocation in business operations
CLO 4 Use mathematical models and tools to support decision-making processes in
business
CLO 5 Develop proficiency in using mathematical tools for data analysis and
interpretation in a business context

Alignment of CLOs with Program Learning Outcomes (PLO)

PLO 1 PLO 2 PLO 3 PLO 4 PLO 5 PLO 6 PLO 7

CLO 1 3 3 2
CLO 2 3 3 3
CLO 3 3 3 3 3
CLO 4 3 3 2 3 2
CLO 5 3 3 3 2 3

Correlation: 3=High, 2=Medium, 1=Low

 Part B:
Lecture Plan/Outline
Sessio Chapter Teaching Learning Assessment Corresponding
Week Topics CLO(s)
n Strategy Strategy
Number  Concept of CLO 1
system Introduction Mathematics CLO 4
and Essential  Concept of
1 1 Quiz
Concepts of Managerial
Mathematics Mathematics
 Properties of zero
 Concept of CLO 1
Linear variables & CLO 4
Relationships constant
 Factoring
2 2 and
 Linear equations
constrained
&Function
Optimization
 Application in the
real world.
 Equations and CLO 1
Inequalities Class Test-1 CLO 3
Linear Functions
Relationships  Linear equations
3 and and non-linear
3
constrained equations
Optimization  Cost Functions
 Applications of
Straight lines
 Revenue function Assignments CLO 1
 Break Even & Case
Linear Study
Analysis
Relationships
 Mark-up and
4 and
4 Margin
constrained
Optimization  Linear
Programming
Problem
  System of Linear CLO 1
Equation(SLE) CLO 4
 Technique of
System of solution
5 Linear  Substitution and Class Test-2
5
Equations Elimination
Methods.
 Application of
SLE
 Concept of Matrix CLO 1
Introduction  Determinant and Mid Term
to Matrix it properties Exam.
6
6 and  Types of matrices
determinants  Properties of
Matrices
 Addition & CLO 1
Subtraction of CLO 2
Matrices CLO 3
Matrix  Multiplication & CLO 4
7 7 Division of
Operations
matrices
 Inverse Matrix
 Applications of
matrices
 Simple Class Test-3 CLO 2
Introduction interest CLO 3
to the  Compound CLO 5
8 8
Mathematics interest
of Finance.  Annuity
 Amortization
 Concept of CLO 2
Introduction Calculus CLO 3
to calculus  Limits & CLO 5
9 Continuity
9 Differential
 Differentiation
Calculus:
rules
 Marginal Cost
  Marginal Class Test-4 CLO 2
Revenue CLO 3
 Marginal Profit CLO 5
Differential  Limits &
10 Continuity
10 Calculus
 Maximum and
Minimum
problems in
Business
 Introduction CLO 2
Integral  Indefinite integral CLO 3
11
11 Calculus  Definite Integral CLO 5
 Use of Integration
 Application of CLO 2
12 Integration in CLO 3
Business Term CLO 5
Integral  Definite Integral
12 Paper /
Calculus  Producer’s
Presentation
Surplus
 Consumer’s
Surplus
Semester Final

Part C:
Assessment and Evaluation
Assessment Strategy
Particulars Marks Distribution
Class Attendance 05%
Class Participation 05%
Assignments (Individual) 05%
Four Class Tests 12%
Attitude, Conduct, Manner 03%
Mid Term Examination 20%
Term Paper Including Presentation (Individual) 10%
Final Examination 40%
Total: 100%
 Continuous Assessment (40 Marks)
Bloom’s Class Test Assignment Term Paper Class Attendance and
Category (12) (05) (10) Participation Conduct,
(05) Manner (08)
Remember 6
Understand 6 3 2.5
Apply 3 08
Analyze 2.5 2 2.5
Evaluate 2.5 2
Create
Summative Assessment (60 Marks)
Bloom’s Category Mid Term (20) Term Final (40)
Remember 4 8
Understand 4 8
Apply 4 8
Analyze 4 8
Evaluate 4 8
Create

Make-up Procedures
Any missed class, due to unavoidable circumstances, will be accommodated according to the
availability of faculty member’s schedule and upon the approval of the Chairman of department.
The program office will coordinate the schedule of make-up class. There will be no make-up
class test or mid-term exam except for sickness, hospitalization, or other unavoidable
circumstances provided the student has valid supporting documents. Student may sit for the
supplementary final examination upon the permission of the Chairman of the department.

Part D:
Learning Resources
Text Books:
1. Mathematics with Applications in Management and Economics, by Gorgon D. Prichett
and John C. Saber, 7th Edition, IRWIN.
2. Business Mathematics, by Kappor V.K., & Sancheti D.C, Sultan Chand & Sons, India.
Reference Book:
1. Applied Mathematics for Business, Economics, Life Sciences and Social Sciences, by
Barnet, R.A., Zeigler, M.R. and Byllen, K.E., 7th Edition, Prentice Hall, NJ, USA.

Note: The instructor may alter the course contents or structure if he finds it necessary