This course will provide a fundamental background for anyone who is interested in understanding the mathematics of economic analysis, as well as a solid review of pre-MBA mathematics. This class helps students in building skills for performing specific mathematical operations and problem solving related to managerial applications. These concepts and skills serve as a foundation for future business courses. Topics include fundamental of algebra, review of probability theories, linear and matrix algebra, cost and revenue functions with special emphasis on the mathematics of financial management related to demand/supply and cost/revenue analysis.
 

Course Goals/ Learning Objectives
At the end of this course, students will be able to:
  • Explain and distinguish various mathematical computations.
  • Understand how to process and interpret the final results in business math problems.
  • Identify and recognize mathematical techniques used in business math.
  • Develop proficiency in applying the theoretical concepts to solve math problems.
  • Apply fundamental mathematical models to all facets of the business management world.
  • Assess and predict business trends using probabilistic models.
Topics May Include
  • Review of Math Principles and College Algebra
  • Functions and Their Graphs
  • Polynomial and Rational Functions
  • Exponential and Logarithmic Functions
  • Systems of Equations and Inequalities
  • Matrices and Determinants
  • Sequences and Probability

Course Number: MATH-40018
Credit: 3.00 unit(s)

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