Course Outline 2022

UNIVERSITY OF DAR ES SALAAM
BUSINESS SCHOOL
(UDBS)
DEPARTMENT OF GENERAL MANAGEMENT
IM 102 - BUSINESS MATHEMATICS

COURSE OUTLINE
Course and Instructors’ Details

Instructor 1 (Leader) Instructor 2 Instructor 3
Course Instructors Dr. Severine Kessy Dr. Judith Iddy Mr. Prince Foya
Email [email protected] [email protected] Princefredson91@gmail
m .com
Office Location UDBS B 325 UDBS C606 UDBS C606
Phone +255 783 370 200 +255672 334 438 +255789 378 782
Consultation Time Monday 1pm to 2pm, Wednesday 1pm to 2pm, Friday 1pm to 2pm (all
other times by appointments)
Course Credits 12 Lecture Hours 30

Course Pre-requisite None Seminar Hours 15
A. Course Overview and Introduction
This course is designed for students who wish to major in Business. The overall objective
of this course is to provide the students with necessary mathematical knowledge as their
working tool in positions they will assume after completion of their Bachelor of
commerce programmes. The course also provides the students with analytical skills,
which is needed in other related courses in Business. The course covers major areas of
Basic Mathematics and very small part of Pure and Applied Mathematics.
B. Course Objectives
The main objective of this course is to give students competence in all topics covered by
focusing on:
 How to interpret and solve business problem mathematically
 How to develop simple mathematical models from a business perspective.
 Improving students’ mathematical skills.
C. Learning Outcomes
Successful completion of this course should lead to the following learning outcomes.
I. Knowledge and Understanding: Students are expected to
– Possess ability to manipulate and solve mathematical problems related to
algebra and properties of set
1
– Possess ability to manipulate and solve business problems related to
mathematics of finance
– Posses ability to manipulate and solve business problems related to calculus
– Possess ability to manipulate and solve business problems related to matrix
operations
– Possess ability to solve and develop simple mathematical models to deal with
cost, revenue and profit.
II. Intellectual Skills: Students are expected to
– Acquire Analytical and Problem Solving Skills.
– Acquire Mathematical Communication Skills
– Acquire Critical and Reflective Thinking
– Develop confidence in tackling unfamiliar problems
D. Course Prerequisite and Delivery Methodology
E. Course Evaluation
Item Weight Addressing Learning Timing/Deadline
Outcomes
Assignments/Seminar 10% I & II 2nd Week
Participation
1 Test 20% I 8th Week
Quizzes 10% I Unannounced
Final University Exam 60% I & II 16th / 17th Week
Total 100%
All incomplete assignments at the end of the semester will be treated as score 0. Copied
works will be treated as examination irregularity.
KEY UNIVERSITY INFORMATION

 Cheating and plagiarism are considered as examination irregularities as explained
in the University Prospectus
 Students are required to attend all lectures. Missing more than 25% of the class
credit hours will lead to carrying over the course.
F. Topics Covered / Weekly Lecture Schedule

Topics Lecture Content Weeks Instructors
1 Algebra 1-2 Mr. Prince
 Expressions, Equations and
Inequalities
– Expressions,
factorization,
– Linear, Simultaneous,
Quadratic equations and
Cubic Equations.
– Inequality
 Indices and Logarithms
2
 Coordinates and Graphs.
2 Functions 3–4 Prince
 Introduction
 Domain and Range of
Function
 Types of functions
 Graphing of functions
 Cost, Revenue and Profit
Functions
3 Mathematics of Finance 5–6 Prince
 Simple and Compound
Interest
 Discounting and
Compounding
 Perpetuities and equal
installments
 Annuities, Amortization and
Sinking funds
Depreciation and capitalized
costs
4 Sequence and Series 7 Kessy
 Sequence
 Series
 Binomial expansion
Semester Test
5 Calculus 9 – 10 Kessy
 Introduction
 Rules of Differentiation
 Integral Calculus
 Elements of Optimization
(Maximization and
minimization)
6 Matrix Operations 11 Judith
 Addition, Subtraction and
multiplication
 Transpose and Inverse of
Matrices
 Use of matrices in solving
Simultaneous equations
 Cramer’s rule
7 Statistics 12 – 13 Judith
 Introduction
 Sources of data and data
Collection Methods.
 Data description and
3
presentation
 Sampling Techniques
 Basic Statistical measures
 Basic set theory
8 Retail Mathematics 14 Judith
 Commercial discounts(Trade
discounts and cash discounts)
 Markup
 Markdown
G. Readings
G.1 Main Readings
A Asano (2013) An Introduction to Mathematics for Economics (Cambridge: Cambridge
University Press) ISBN–13: 9780521189460
Aufmann, R. N. et al. (1992). Beginning Algebra With Applications, Boston: Houghton
Mifflin Company.
Baradyana, J. S. and Ame, A. M. (2012). Quantitative Techniques for Business
Decisions, Dar Es Salaam:Mkuki and Nyota .
Barnett, R. A., Ziegler, M. R., & Byleen, K. E. (2015). College mathematics for business,
economics, life sciences, and social sciences.
Brechner, R. (2011). Contemporary Mathematics for Business and Consumers. South
Western-Cengage Learning.
Datta, B. N. (2010). Numerical Linear Algebra and Applications,( 2nd Edition): SIAM.
Van Elst, H. (2015). An introduction to business mathematics. arXiv preprint
arXiv:1509.04333.
G.2 Additional Readings

Anderson, D. R. et al. (1994). Introduction to Statistics: Concepts and Applications. (3rd
Edition), West Publishing Company (USA).
Hooda, R. P. (2013). Statistics for business and economics. Vikas Publishing House.
Lenin, R. I., Rubin, David S., Stinson, Joel P. and Gardner, Everette S. (1998). Quantitative
Approaches to Management Decisions, (9th Edition), New York: MacGraw- Hill
International.
Levin, Richard I. and Rubin, David S. (1994). Statistics for Management, (6th Edition),
Englewood Cliffs, New Jersey: Prentice Hall International Editions,
Lial, M. L., Hungerford, T. W., & Holcomb, J. P. (2011). Mathematics with
Applications- in Management, Natural, and Social Sciences: Boston: Addison
Wesley.
Runyon, R. P. and Haber A., (1997). Business Statistics, Homewood, Illinois: Richard D.
Irwin, Inc.
Williams, G. (2012). Linear Algebra with Applications, USA: Jones & Bartlett
Publishers.
H. Other Important Information for the Course

 All assignments must be subjected to plagiarism check.

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UNIVERSITY OF DAR ES SALAAM

IM 102 - BUSINESS MATHEMATICS

Course and Instructors’ Details

Course Credits 12 Lecture Hours 30

A. Course Overview and Introduction

KEY UNIVERSITY INFORMATION

F. Topics Covered / Weekly Lecture Schedule

G.2 Additional Readings

H. Other Important Information for the Course

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