0

# Business Mathematics – Revised FYBMS Syllabus 2016

## Modules at a Glance

 Sr. No. Modules No. of Lectures 1 Elementary Financial Mathematics 15 2 Matrices and Determinants 15 3 Derivatives and Applications of Derivatives 15 4 Numerical Analysis [Interpolation] 15 Total 60

### Business Mathematics – Syllabus Overview

 Sr. No. Modules / Units 1 Elementary Financial Mathematics Simple and Compound Interest: Interest compounded once a year, more than once a year, continuous, nominal and effective rate of interest Annuity-Present and future value-sinking funds Depreciation of Assets: Equated Monthly Installments (EMI)- using flat interest rate and reducing balance method. Functions:Algebraic functions and the functions used in business and economics, Break Even and Equilibrium point. Permutation and Combination: (Simple problems to be solved with the calculator only) 2 Matrices and Determinants Matrices: Some important definitions and some important results. Matrix operation (Addition, scalar multiplication , matrix multiplication, transpose of a matrix) Determinants of a matrix of order two or three: properties and results of Determinants Solving a system of linear equations using Cramer’s rule Inverse of a Matrix (up to order three) using ad-joint of a matrix and matrix inversion method Case study: Input Output Analysis 3 Derivatives and Applications of Derivatives Introduction and Concept: Derivatives of constant function, logarithmic functions, polynomial and exponential function Rules of derivatives: addition, multiplication, quotient Second order derivatives Application of Derivatives: Maxima, Minima, Average Cost and Marginal Cost. Total revenue, Marginal revenue, Average revenue. Average and Marginal profit. Price elasticity of demand 4 Numerical Analysis [Interpolation] Introduction and concept: Finite differences – forward difference operator – Newton’s forward difference formula with simple examples Backward Difference Operator. Newton’s backward interpolation formula with simple examples

Reference Books for Subject: Business Mathematics

 Business Mathematics Mathematics for Economics and Finance, Martin Anthony, Norman Biggs, Cambridge lowprice editions, 2000. Business Mathematics, D.C. Sancheti, V.K. Kapoor, Sultan Chand & Sons Publications, 2006. Business Mathematics, J.K. Singh, 2009,Himalaya Publishing House. Mathematics for Business and Economics, J.D. Gupta, P.K. Gupta, Man Mohan, Tata McGrawHill Publishing Company Ltd. Mathematics of Finance 2nd Edition Schaum’s Outline Series Peter Zima, Robert Brows Tata McGrawHill Publishing Company Ltd Business Mathematics by Dr.AmarnathDikshit&Dr.Jinendra Kumar Jain. Business Mathematics by Bari – New Literature publishing company, Mumbai Mathematics for Economics and Business, RS Bhardwaj, 2010,Excel Books Business Mathematics, Zameerudin, Qazi, V.K. Khanna& S.K. Bhambri, Vikas Publishing House Pvt. Ltd, New Delhi

## Like it? Share with your friends!

0

This Website Is For Sale. Email us an offer we cannot refuse on [email protected] :)

X
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme