Finite Mathematics for Business and Economics
(formerly Math 145: Applied Business Mathematics)
MATH 125. Finite Mathematics for Business and Economics
Three Lecture Hours (3).
This course contains an introduction to the concepts of functions and graphing, with focus on linear, quadratic, exponential and logarithmic functions. Applications contain simple linear models, linear systems, optimization with quadratic functions and problem solving in finance such as compound interest and annuities. Calculators and/or EXCEL will be used in problem solving. Will not satisfy requirements for a major in mathematics. This course has been approved for credit in the Mathematical Sciences Area of the Core Curriculum.
Detailed Description of Course
The course will cover the following topics
- Algebra review
- Functions and their graphs
- Linear equations and linear models
- Quadratic equations, quadratic functions and optimization involving quadratic models
- Exponential and logarithmic functions
- Additional functions (polynomial, rational, and piecewise functions)
- Mathematics of finance (simple interest, compound interest and annuities)
- Systems of linear equations (graphical and algebraic solutions)
- Linear programming (graphical method and simplex method)
Detailed Description of Conduct of Course
Instructors will emphasize business applications. Most instructors will use the lecture method; some may require students to work together in small groups. Calculators and/or computers will be used both inside and outside class. In all sections students will be expected to work problems assigned as homework.
Student Goals and Objectives of the Course
Students with a major in the College of Business and Economics are expected to develop and improve their skills in mathematics, and become better prepared for Business Calculus.
Students will be able to use the tools of mathematics and quantitative reasoning to conceptualize and solve problems. Students will be able to:
a. identify and interpret relationships among numeric, symbolic, and graphical information
b. generate mathematical models using numeric, symbolic, and graphical information for use in real-world applications
c. solve problems using numeric, symbolic, and graphical information
Graded tasks may include homework, computer projects, quizzes and written exams; they may also include group projects and written or oral class participation.
Other Course Information
Review and Approval Date