COM 1013
BUSINESS MATHEMATICS
CHAPTER 01
MATHEMATICAL PRELIMINARIES
Prepared By S SRITHARAN
,COM 1013 BUSINESS MATHEMATICS
INTRODUCTION
, Introduction
■ Why mathematics is a core subject for BBA & BCom undergraduates?
– To progress beyond a descriptive level in most subjects, an understanding
certain fluency in basic mathematics is essential.
– Mathematics is an analytical tool in economics and business.
– This mathematics course enables the students to transfer their mathemati
to related subjects in economics and business.
– For example
Demand, supply, cost and revenue functions immediately follow the intr
of the straight line
Simultaneous linear equations are followed by equilibrium, taxes and su
break-even analysis, and consumer and producer surplus and input/ou
analysis.
Financial mathematics is an important application of arithmetic and ge
series and also requires the use of rules for indices and logs.
Applications and analysis based on calculus are essential for economic
, Introduction
■ A key feature of this course is the verbal explanations and interpretation of
problems and of their solutions.
– This is designed to encourage the students to develop both critical thin
and problem solving techniques.
■ To become a competent in mathematics, understanding the rationale unde
methods is essential
– The importance of practice for mathematics, is summarised succinctly
following quote attributed to the ancient Chinese philosopher Lao Tse:
“You read and you forget;
You see and you remember;
You do and you learn.”
■ Test whether goals were achieved
– Attempt the worked examples without looking at the text.
– Do the progress exercises.
BUSINESS MATHEMATICS
CHAPTER 01
MATHEMATICAL PRELIMINARIES
Prepared By S SRITHARAN
,COM 1013 BUSINESS MATHEMATICS
INTRODUCTION
, Introduction
■ Why mathematics is a core subject for BBA & BCom undergraduates?
– To progress beyond a descriptive level in most subjects, an understanding
certain fluency in basic mathematics is essential.
– Mathematics is an analytical tool in economics and business.
– This mathematics course enables the students to transfer their mathemati
to related subjects in economics and business.
– For example
Demand, supply, cost and revenue functions immediately follow the intr
of the straight line
Simultaneous linear equations are followed by equilibrium, taxes and su
break-even analysis, and consumer and producer surplus and input/ou
analysis.
Financial mathematics is an important application of arithmetic and ge
series and also requires the use of rules for indices and logs.
Applications and analysis based on calculus are essential for economic
, Introduction
■ A key feature of this course is the verbal explanations and interpretation of
problems and of their solutions.
– This is designed to encourage the students to develop both critical thin
and problem solving techniques.
■ To become a competent in mathematics, understanding the rationale unde
methods is essential
– The importance of practice for mathematics, is summarised succinctly
following quote attributed to the ancient Chinese philosopher Lao Tse:
“You read and you forget;
You see and you remember;
You do and you learn.”
■ Test whether goals were achieved
– Attempt the worked examples without looking at the text.
– Do the progress exercises.
