MAT103 – Business Mathematics

Module designation

Business Mathematics (MAT103)

Semester(s) in which the module is taught

2nd

Person responsible for the module

Dr. Ahmadin, S.Si., M.Si.

Language

Indonesian

Relation to curriculum

Compulsory / elective / specialisation

Teaching methods

Lecture and lesson.

Workload (incl. contact hours, self-study hours)

2×170 minutes (2×50 minutes lecture and lesson, 2×60 minutes structural activities, 2×60 minutes self-study) per week for 16 weeks

Credit points

2 CP (3,2 ECTS)

Required and recommended prerequisites for joining the module

–

Module objectives/intended learning outcomes

General Competence (Knowledge)

Bing able to apply basic concepts of mathematics to solve mathematical problems related to finance, economics and business.

Specific Competence : students are able to

1.      Determine simple interest, compound interest, effective interest, and annuity.

2.      Apply concept of function derivative to solve mathematical problem related to economics.

3.      Determine optimum of a two-variable function (non-constrained optimization and constrained optimization).

Content

Interest and annuity, Application of function in economics, application of derivative in economics, application of integral in economics.

Examination forms

Essay

Study and examination requirements

Students are considered to pass if they at least have got final score 40 (D).

Final score is calculated as follow: 10% softskill + 20% assignment + 20% quiz + 25% midterm + 25% final term

Final index is defined as follow:

Reading list

1.      Bumulo, H.,  Mursinto, D, 2006, Matematika untuk Ekonomi dan Aplikasinya, Edisi 7, Bayumedia, Malang.

2.      Dowling, Edward T. , 1980,  Matematics for Economists (Schaum series), McGraw-Hill, Inc.

3.      Dumairy,  2007,  Matematika Terapan untuk Bisnis dan Ekonomi, BPFE, Yogyakarta.

4.      Kaelangi, B. J., 2006, Matematika Ekonomi dan Bisnis, Salemba Empat, Jakarta.