Faculty Syllabus

Prerequisites: MATD 0414, MATD 0424, MATD 0444, NCBM 0214, NCBM 0224, or NCBM 0244; with a grade of C or higher. Or a satisfactory score on the TSI Mathematics Assessment or completion of TSI requirements in mathematics. Students who are TSI Complete in Math based on completion of NCBM 0185, NCBM 0142, MATD 0385, MATD 0342 or MATD 0485 are NOT eligible for Math for Business and Economics.

This is a First Day™ class. The cost of required course materials, including an online version of the textbook and software access, has been added to your tuition and fees bill. 

Textbook: Finite Mathematics for Business, Economics, Life Sciences, and Social Sciences, 14th Edition by Barnett, Ziegler, Byleen, & Stocker. Pearson Publishing (MyLab software)  ISBN: 9780134862576

Mathematics for Business and Economics has four main mathematical topics: Linear functions and systems of linear equations and inequalities, counting and probability, functions and algebra review, and finance with the requisite exponentials and logs. The objectives of the course are for students not only to know the mathematics of these concepts, but also to be able to apply the concepts to analyze and interpret information in business and financial application problems.

Upon successful completion of the course, a student should be able to:

1. Identify the basic graphs and properties of polynomial, rational, exponential, and logarithmic functions. Apply the knowledge of functions to business applications such as simple, compound or continuous compound interest, ordinary annuities, finding the maximum or minimum for quantities which are quadratic functions, and finding break even points.
2. Perform basic operations with matrices, and use matrix methods to solve systems of linear equations. Apply the knowledge of matrices to business problems such as inventory, production, and total cost.
3. Use geometric method to solve linear programming problems. Interpret information as an objective function with constraints, set up the linear programming problem, solve the problem and interpret the result in the context of the problem. 
4. Use basic counting techniques and calculate probabilities, including conditional probabilities. Apply the mathematical knowledge of probability to business problems and interpret the results.