Debre Tabor University

College of Business and Economics

Department of Accounting and Finance
BA Degree in Accounting and Finance Program
Course Instructor’s information
Name
Phone no
E- mail
Office block no
Office no
Office hour
Target groups
Academic year
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Semester
Course Information
Course Title Business Mathematics
Course AcFn2131
Number
Credit Hour 3 Cr. Hrs and 5 ECTS
Prerequisites
Course Business Mathematics is one of the preliminary quantitative aids to decision making that offers the decision-
Description maker a method of evaluating every possible alternative (act or course of action) by using various techniques to
know the potential outcomes. This course is designed to expose finance students to the basic concepts and area
of managerial application of mathematics for decision making. Topics include: linear equations and their
applications, matrix algebra and its applications, Markov chain analysis, linear programming, mathematics of
finance, elements and application of calculus.
Course At the end of this course, students should be able to
Objectives  Differentiate the various techniques of mathematics that can be employed in solving business problems
 Identify the way mathematical techniques are utilized
 Appreciate the importance of mathematics in solving real world business problems
 Use different mathematical techniques for supporting managerial Decisions
 Analyze real managerial problems using mathematical tools
WEEKS Course Contents Reading
3 WEEKS 1. Linear Equations and Their Interpretative Applications
(1st, 2nd and 3rd) 1.1. Linear Equations, Functions and Graphs
1.2. Applications of Linear Equations
1.2.1. Linear Cost Output Relations,
1.2.2. Cost, Total Revenue, and Total Profit
1.2.3. Break Even Analysis: Model and Solutions
3 WEEKS 2. Matrix Algebra and Its Applications
(4th, 5th & 6th) 2.1. Matrix Concepts
2.2. Dimensions and Types of Matrix
2.3. Matrix Operations and Techniques
2.4. Inverse of a Matrix
2.5. Matrix Applications
2.6. Solving Systems of Linear Equations
2.7. Markov Chains: Concepts, Models and Solutions
3 WEEKS 3. Introduction To Linear Programming
(7th, 8th & 9th) 3.1. Concepts
3.2. Formulation of Linear Programming Models
3.3. The Maximization Problem
3.4. The Minimization Problem
3.5. Solution Approaches to Linear Programming Problem
 3.5.1. Graphic Approach
3.5.2. Algebraic (Simplex) Approach
4 WEEKS 4. Mathematics Of Finance
(10th, 11th, 12th 4.1. Overview of exponential and logarithmic functions
& 13th) 4.2. Simple Interest and Discount
4.2.1. Computing Simple Interest
4.2.2. Promissory Notes and Bank Discount
4.3. Compound Interest
4.3.1. Compound Amount (Maturity Value)
4.3.2. Present Value (Principal) of Compound Amount
4.3.3. Nominal and Effective Interest Rate
4.4. Ordinary Annuities
4.4.1. Sum of Ordinary Annuity
4.4.2. Sinking Fund Payments
4.4.3. Present Value of Ordinary Annuity
4.4.4. Amortization
4.5. Mortgage Payments
3 WEEKS 5. Elements and Applications of Calculus
(14th, 15th & 5.1. Differential Calculus
16th) 5.1.1. Concept
5.1.2. Rules of Differentiation
5.1.3. First and Second Derivative for Extreme
5.1.4. Business Application of Differential Calculus
5.1.5. Marginal Analysis
5.1.6. Optimization Problems
5.2. Integral Calculus
5.2.1. Concept
5.2.2. Indefinite and Definite Integration
5.2.3. Rules of Integration
5.2.4. Business Applications of Integral calculus
5.2.5. Finding Total functions
5.2.6. Area problems
Evaluation The evaluation scheme will be as follows:
Component Weight Coverage
Test 1 20%
Assignment 1 15%
Assignment 2 10%
Quiz 1 5%
Final Exam 50%
Assessment  PBL
 Free presentation
 Free quiz
 Group discussion
 Argument
Grading system/ The grading system and scale of grading system comprising of A to F with respective grade points are here
policy under.
Grad A+ A A- B+ B B- C+ C C- D F
e
Mark >=9 85- 80- 75- 70- 65- 60- 50- 45- 40- <4
0 89 84 79 74 69 64 59 49 44 0
Valu 4 4 3.75 3.5 3 2.75 2.5 2 1.75 1 0
e
Work load in
hours Hours Required
Asses Adv Total ECT
sment Tutor Self- Assig isin Hrs S
Lectures Lab s ials Studies nment g
48 20 12 55 - - 135 5
Text and Text Book:
reference books  Bowen Earl. Mathematics with applications in Business and Economics, 10th. 1987
Reference Books
 Salezman S. A. etal. Mathematics for Business. 8th Ed. 2007, Pearson Publishing limited.
 Nelda W. Roueche and Virginia H. Graves. Business Mathematics, 6th ed, 1993, Prentice Hall Limited
 Ronald E. Larson and Bruce H. Edwards. Finite Mathematics with Calculus, 1991
 Ann j. Hughes. Applied Mathematics: For Business, Economics, and the social Science, 1983.
Teaching&Learni The teaching and learning methodology include lecturing, discussions, problem solving, and analysis. Take-home
ng assignment will be given at the end of each chapter for submission within a week. Solution to the assignments
Methods/strategy will be given once assignments are collected. Cases with local relevance will also be given for each chapter for
group of students to present in a class room. The full and active participation of students is highly encouraged.
Attendance and Students are expected to create interest in the course through class participation, discussion, assignments and
participation reading of the recommended texts. The 80% attendance is a must for those who are not to be disallowed from
policy writing the final examination.

Academic Academic dishonesty is seen as an intentional act of fraud, in which a student seeks to claim credit for the work
dishonesty policy or efforts of another without authorization, or uses unauthorized materials or fabricated information in any
academic exercise.
Rules and  Deliver courses in accordance with the approved course outline of this program
regulation of
 Participate in the evaluation of the program
Instructors
 Maintain a highly interactive instructional pattern and involve all students in the instructional
activities.
 Provide students with such relevant resources as reference materials, hand-out, journal articles and
other similar inputs so that students can acquire the required knowledge.
 Provide their service in accordance with acceptable professional ethics.
 Assess and evaluate student performance following the assessment methods indicated in the program
document and each course outline.

Rules and  Attend classes regularly and show active class participation
regulation of
Students  Abide by the ethical behavior and rules and regulations of the University at large and the program of
Masters in Business Administration.
 Participate in the evaluation forums of the program.
 Be active to work individually and in group.
 Share group tasks, experiences and presentations.
 Handle all tasks through independents study and cooperative learning.
 Take accountability for all tasks.
 Accomplish assignments of the allocated time.