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
The following two tabs change content below.
We, at, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to [email protected]

Leave a reply is aimed at revolutionising Bachelors in Management Studies education, also known as BMS for students appearing for BMS exams across all states of India. We provide free study material, 100s of tutorials with worked examples, past papers, tips, tricks for BMS exams, we are creating a digital learning library.

Disclaimer: We are not affiliated with any university or government body in anyway.

©2020 BMS - Bachelor of Management Studies Community 

A Management Paradise Venture

Ask Us On WhatsApp

Log in with your credentials


Forgot your details?


Create Account