Code | Name of the Course Unit | Semester | In-Class Hours (T+P) | Credit | ECTS Credit |
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YBS110 | BUSINESS MATHEMATICS | 2 | 3 | 3 | 6 |
GENERAL INFORMATION |
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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 |
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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) |
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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 |
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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 |
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Didem TETİK KÜÇÜKELÇİ, Deniz ALTUN, Yıldız AYDIN, Nesibe MANAV MUTLU, Matematik: İktisadi ve İdari Bilimler Fakülteleri İçin, İGÜ Yayınları, |
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ASSESSMENT |
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Assessment & Grading of In-Term Activities | Number of Activities | Degree of Contribution (%) | Description |
Level of Contribution | |||||
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0 | 1 | 2 | 3 | 4 | 5 |
KNOWLEDGE |
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Theoretical |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Define concepts such as management, manager and leader.
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4 | |||||
2 |
Analyze the accuracy, reliability and validity of the new information obtained from the data.
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5 |
KNOWLEDGE |
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Factual |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Report the obtained data.
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4 | |||||
2 |
Prepare software and projects related with the field.
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5 |
SKILLS |
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Cognitive |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Use the appropriate resources for data analysis related with the field.
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5 | |||||
2 |
Analyze the work processes.
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5 |
SKILLS |
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Practical |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Manage projects as part of a team.
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4 | |||||
2 |
Apply the material, techniques and analyzes in relation with the subject for project and work flows.
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5 |
OCCUPATIONAL |
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Autonomy & Responsibility |
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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.
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4 |
OCCUPATIONAL |
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Learning to Learn |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Recognizes what he/she knows about his/her field or not.
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5 | |||||
2 |
Act the theoretical knowledge in real life with learning to learn approach.
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5 | |||||
3 |
Apply different methods and techniques with an innovative approach in his/her research.
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5 |
OCCUPATIONAL |
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Communication & Social |
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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.
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5 | |||||
2 |
Establish a healthy contact with colleagues
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3 | |||||
3 |
Share the analyzes and obtained results with colleagues.
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3 | |||||
4 |
Cooperate with colleagues at international level with the help of foreign language competency.
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2 |
OCCUPATIONAL |
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Occupational and/or Vocational |
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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.
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5 | |||||
2 |
Participate the design of work processes and systems with full quality.
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5 | |||||
3 |
Cooperate with other employees for the continuation of sustainability in the profession.
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4 |
WORKLOAD & ECTS CREDITS OF THE COURSE UNIT |
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Workload for Learning & Teaching Activities |
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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 |