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BUSINESS MATHEMATICS PROGRAMME COURSE DESCRIPTION

Code Name of the Course Unit Semester In-Class Hours (T+P) Credit ECTS Credit
YBS110 BUSINESS MATHEMATICS 2 3 3 6

GENERAL INFORMATION

Language of Instruction : Turkish
Level of the Course Unit : BACHELOR'S DEGREE, TYY: + 6.Level, EQF-LLL: 6.Level, QF-EHEA: First Cycle
Type of the Course : Compulsory
Mode of Delivery of the Course Unit -
Coordinator of the Course Unit Assist.Prof. DİDEM TETİK KÜÇÜKELÇİ
Instructor(s) of the Course Unit
Course Prerequisite No

OBJECTIVES AND CONTENTS

Objectives of the Course Unit: This course aims to introduce the most important mathematical tools and methods in business and economics environments and to teach the basic principles of mathematics.
Contents of the Course Unit: Contents of the course include the subjects such as linear algebra-matrices, vectors, geometric series and interest calculations, bonds, residual and nominal value, coordinates, differential equations, linear optimization.

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)

Performs operations on the matrix. (Application, Blooms' 3)
Defines Echelon Form of Matrix, can count Elementary Row Operations. (Knowledge, Blooms' 1)
Converts a given matrix into row Echelon Form. Finds the inverse of the Square Matrix. (Application, Blooms' 3)
Finds solution set of linear equation systems with Gauss-Jordan Elimination Method. (Application, Blooms' 3)
Analyze the linear independence of the given vectors. (Analysis, Blooms' 4)
Finds the inverse of a given square matrix with the help of a determinant and obtains the solution of the linear equation system with Cramer's rule. (Application, Blooms' 3)
Makes input-output analysis of sectors with matrix and determinant and demand table. (Analysis, Blooms' 4)
Given the interest rate and annuity amount, Calculates the amount of installments to be paid in the future or retrospectively. (Analysis, Blooms' 4)
Calculates Marginal revenue, marginal cost and maximum profit by using derivatives. (Analysis, Blooms' 4)
Uses integration methods, shows the consumer and producer surplus on the graph and finds its value. (Insight, Blooms' 2)(Analysis, Blooms' 4)

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY

Week Preparatory Topics(Subjects) Method
1 Literature Review Linear Equations and Joint Solutions, Zero Profit and Market Equilibrium Lecture & Problem Solving
2 Literature Review Matrices and Operations on Matrices, Matrix Inverse and Echelon Form Definitions Lecture & Problem Solving
3 Literature Review Systems of Linear Equations, Gauss-Jordan Elimination Method, Finding the Inverse Matrix Lecture & Problem Solving
4 Literature Review Vectors and Vector Operations, Geometric Interpretation of Vector Operations, Linear Independence Lecture & Problem Solving
5 Literature Review Determinants, Determinant of 2x2 and 3x3 Type Matrices, Calculation of Determinant with Minors Lecture & Problem Solving
6 Literature Review Adjoint Matrix of a Square Matrix, Finding the Inverse of the Matrix with the Adjoint Matrix, Cramer's Rule Lecture & Problem Solving
7 Literature Review Input-Output Analysis Lecture & Problem Solving
8 - MID-TERM EXAM -
9 Literature Review Arithmetic Series and Simple Interest, Geometric Series and Compound Interest, Future and Present Value of an Investment Lecture & Problem Solving
10 Literature Review Anuites and their Present and Future Value, Lecture & Problem Solving
11 Literature Review Business Applications of Limit, Continuous Compound Interest Lecture & Problem Solving
12 Literature Review Business Applications of Derivative, Marginal Revenue and Marginal Cost Concepts Lecture & Problem Solving
13 Literature Review Antiderivative, Integration Methods, Variable Transformation, Partial Integration Lecture & Problem Solving
14 Literature Review Integration with Partial Fractions Method Lecture & Problem Solving
15 Literature Review Definite Integral, Consumer and Producer Surplus Lecture & Problem Solving
16 - FINAL EXAM -
17 - FINAL EXAM -

SOURCE MATERIALS & RECOMMENDED READING

Didem TETİK KÜÇÜKELÇİ, Deniz ALTUN, Yıldız AYDIN, Nesibe MANAV MUTLU, Matematik: İktisadi ve İdari Bilimler Fakülteleri İçin, İGÜ Yayınları,
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ASSESSMENT

Assessment & Grading of In-Term Activities Number of Activities Degree of Contribution (%) Description
Level of Contribution
0 1 2 3 4 5

CONTRIBUTION OF THE COURSE UNIT TO THE PROGRAMME LEARNING OUTCOMES

KNOWLEDGE

Theoretical

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Define concepts such as management, manager and leader.
4
2
Analyze the accuracy, reliability and validity of the new information obtained from the data.
5

KNOWLEDGE

Factual

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Report the obtained data.
4
2
Prepare software and projects related with the field.
5

SKILLS

Cognitive

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Use the appropriate resources for data analysis related with the field.
5
2
Analyze the work processes.
5

SKILLS

Practical

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Manage projects as part of a team.
4
2
Apply the material, techniques and analyzes in relation with the subject for project and work flows.
5

OCCUPATIONAL

Autonomy & Responsibility

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Fulfill responsibility with a focus on result in individual and team studies.
4

OCCUPATIONAL

Learning to Learn

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Recognizes what he/she knows about his/her field or not.
5
2
Act the theoretical knowledge in real life with learning to learn approach.
5
3
Apply different methods and techniques with an innovative approach in his/her research.
5

OCCUPATIONAL

Communication & Social

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Apply the results obtained in accordance with voluntarism and social responsibility projects.
5
2
Establish a healthy contact with colleagues
3
3
Share the analyzes and obtained results with colleagues.
3
4
Cooperate with colleagues at international level with the help of foreign language competency.
2

OCCUPATIONAL

Occupational and/or Vocational

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Behave in accordance with ethical values regarding the collection, analysis and reporting of data.
5
2
Participate the design of work processes and systems with full quality.
5
3
Cooperate with other employees for the continuation of sustainability in the profession.
4

WORKLOAD & ECTS CREDITS OF THE COURSE UNIT

Workload for Learning & Teaching Activities

Type of the Learning Activites Learning Activities (# of week) Duration (hours, h) Workload (h)
Lecture & In-Class Activities 14 3 42
Preliminary & Further Study 13 2 26
Land Surveying 0 0 0
Group Work 0 0 0
Laboratory 0 0 0
Reading 0 0 0
Assignment (Homework) 13 1 13
Project Work 0 0 0
Seminar 0 0 0
Internship 0 0 0
Technical Visit 0 0 0
Web Based Learning 0 0 0
Implementation/Application/Practice 0 0 0
Practice at a workplace 0 0 0
Occupational Activity 0 0 0
Social Activity 0 0 0
Thesis Work 0 0 0
Field Study 0 0 0
Report Writing 0 0 0
Final Exam 1 1 1
Preparation for the Final Exam 7 5 35
Mid-Term Exam 1 1 1
Preparation for the Mid-Term Exam 6 6 36
Short Exam 0 0 0
Preparation for the Short Exam 0 0 0
TOTAL 55 0 154
Total Workload of the Course Unit 154
Workload (h) / 25.5 6
ECTS Credits allocated for the Course Unit 6,0