MAT101 – MATHEMATICS FOR BUSINESS

SEMESTER 1 2021

Unit Guide
 MAT101 – MATHEMATICS FOR BUSINESS
SEMESTER 1 2018

About Mathematics for Business

Contacts
Below is a list of contacts for this unit. Please liaise directly with your unit instructor regarding
appropriate consultation times. It is usually best to make contact with the staff via email.
Nguyen Thi Thu Van
Unit Instructor
Email: van.nguyen@isb.edu.vn , ntt van_2002@yahoo.com
Sarah Doan
Student Advisor 17 Pham Ngoc Thach, District 3, Ho Chi Minh City
Phone: 08 54465555 Email: sarah.doan@isb.edu.vn

Unit overview
This unit provides a sound, intuitive understanding of the basic concepts students need as they pursue
careers in business, economics, and in the life and social sciences. Topics include calculus, linear
algebra, and mathematics of finance.

Pre-requisites
None

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Assessment information
Learning outcomes
Learning outcomes for the unit are outlined below. Upon completion of this unit, students will be able
to:
1. Understand mathematical concepts
Create and develop mathematical computation skills involving calculus, linear
2.
algebra, and finance
Understand and interpret functions as relations two quantities in mathematics
3.
context: symbolic, numerical and graphical representations
Develop critical thinking and problem-solving skills that enable students to solve
4.
practical problems in a variety of applied situations
Develop a knowledge base for applications of finance: calculate compound
interest, principal, rate; use compound interest to calculate accumulated amount;
5.
find the present value of an investment; calculate the payments of a sinking fund
and amortization schedules; and assess an investment.
Model some simple practical problems under the form of mathematical
6. programming. Solve linear programming using geometric method and simplex
method
Apply the course material along with techniques covered in this course to solve
7.
business related problems
Develop special skills and thought processes sufficient to support further study or
8.
work in related units

Assessment summary
ASSESSMENT ASSESSMENT ITEM AND DUE VALUE
LEARNING OUTCOMES
NUMBER DATE (/100)

1 Project assignment (group) LO 2, LO6 20%

2 Class participation & Homework LO 1-8 10%
Midterm exam (individual)
3 LO 1-5 20%
(60 minutes) - Due session 8
Final exam (Individual) (90 minutes)
4 LO 1-8 50%
Due: TBA
Final marks and grades are subject to confirmation by the School Assessment Committees which may
scale, modify or otherwise amend the marks and grades for the unit, as may be required by University
policies.
Note: To successfully complete this unit, students must:
 Achieve a minimum of 50 marks;
 Complete all assessment items(including making a satisfactory contribution to group work); and
 Attend 80 per cent of class time. See attendance requirements in the section of class policies and
rules below.

Assessment 1: Project assignment (group)

Overview
Due: Ongoing throughout the duration of the course.
Length: The projects will be given 1/2 weeks before the deadline.

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Details
The project will be a practical problem involving the topics that students will have learned. Each
project requires 5 students.

Marking criteria and standards

The marking is based on group presentations in which estimation results and interpretations or
explanations are provided, with the weight indicated in the assignment.

Assessment 2: Class participation & Homework

Overview
Due: Ongoing throughout the duration of the course.
Length: Homework will be given at the end of each lesson.

Details
Class participation includes coming to class prepared and on time, taking part in short tests and
class discussions (this involves listening/reading as well as writing/speaking and completing all
in-class activities), asking questions, contributing your knowledge and insights in whatever form
is appropriate, and striving to make all your contributions excellent. It also includes doing the
required reading and writing for each class .

Students will be chosen randomly to the board to present their works at each beginning of each
lesson.

Marking criteria and standards

Student should demonstrate full knowledge by answering all questions with explanations and
elaboration.

Assessment 3: Midterm exam

Overview
Due: Session 8
Length: 60 minutes

Details
The content of chapters 1, 2, 3, and 4 will be assessed.

Marking criteria and standards

Multiple-choice questions

Assessment 4: Final exam (Individual) (50%)

Overview
Due: TBA
Length: 90 minutes

Details
The final exam will cover chapter 1, 2, 3, 5, 6, and 7.

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Marking criteria and standards
Multiple-choice questions

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General submission requirements

Assignment cover sheet
All assignments are to be submitted with an Assignment Cover Sheet. Group assignments are to be submitted with a
Group Assignment Cover Sheet as well as a Peer Evaluation Form. Non-contributing team members can sometimes
be an issue with group-work structured assessment. Individual student group work scores may be adjusted as a result
of peer dissatisfaction with a particular student’s contribution to group work assignments, as reflected in
submissions of the evaluation form.
Note: Assignment cover sheets and peer evaluation form can be located on E-learning system
(http://elearning.isb.edu.vn/). Students are to keep a copy of all assignments submitted for marking.

Submission style and method

A professional standard of presentation is expected for all assignments. Assignments should be typed, one and a half
spaced, on A4 paper. Use a simple clear format, suitable for a report to senior management in a commercial
organisation.

All assignments are required to be submitted electronically via E-learning system (http://elearning.isb.edu.vn/) by
11:55 PM on the due date and if required, in hard copies to the unit coordinator by the due date. The title of
assignment submitted via E-learning system shall be as follows: Student name_Unitname_Name of Assignment.

Late assignment and make-up policy

Coursework and assignments are expected to be completed within the stated time frame. No late assignments will be
accepted unless prior authorisation granted by the coordinator. In case such an authorisation is not granted, grade
deduction will be applied. The coordinator may decide not to accept assignments that are not submitted within 3
days after the assignment due date. However, if there are extenuating or unforeseen circumstances, an exception may
be granted at the discretion of the unit coordinator and based on a Special Consideration Application for assessment
task extension.

All quizzes, the mid-term test, and final exam must be taken on the assigned dates. If there are extenuating or
unforeseen circumstances, the school office must be contacted prior to the quiz or exam dates to authorize a make-up
if required. No make-up quiz or exam will be accepted unless a prior approval granted by the school based on a
Special Consideration Application for a supplementary examination.

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Teaching activities
Schedule of activities

Required
Sessions Topics
Assignments/Reading

1 Chapter 0. Getting started Chap zero and 1

1. Sets

o What is a set?

o Operations on sets

o Some special sets

2. Real numbers

o Real number line

o Absolute value - Triangular

inequalities

o Exponents and Radicals

o Factorizations worth
remembering

o Newton’s binomial theorem

o Algebraic expressions

o Equations – Linear equations

– Quadratic equations

o Applications of Some terms that students need

Equations/Inequalities to remember after ending over
this chapter are fixed cost,
variable cost, total cost, total
revenue, and profit. In addition
to these, modeling is also an
important term.

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Exercices : pages 48, 49,
57(numbered at the top of
each page)

Chap 5 (page 212, see at the

2 Chapter 1. Mathematics of Finance
bottom)

1. Simple Interest and Compound

Pages 216 – 217
Interest

2. Present value Pages 220 – 221 + 223 – 224

3. Annuities Pages 231 – 232

3 4. Amortization of loans Page 235 – 236

5. Perpetuities Page 239

Write at least 10 financial

functions in Excel most
commonly used. Each function
Assignment 1 [group working, max. 5 must include itself an
members] example.

Each member of group must

Due on the 4th week be able to make use of these
functions to work out a
problem in Homework
chapter 1, Sections 2-6.

Chapter 2. Functions, Limit, and

4
Continuity

Chap 2, page 83, see at the

bottom
Page 90: 1 -> 24 + 45 + 46
1. Functions
Page 94: 29 -> 33
Page 106: 21 -> 39
Page 151: 29 -> 33

2. Limits Page 472

3. Continuity Pages 485 – 486

5 4. Functional models Here are some business

terms students need to
remember: demand function,
supply function, revenue

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function, cost function, profit
function

Chapter 3. Differentiation: Basic

6 Chap 11 + 12 + 13
Concepts

1. Two central problems: tangent

problem and velocity problem

2. Derivative Page 511

3. Applications of Derivatives

o Curve sketching Page 591: 53—64

o Absolute extrema on a closed

Page 594
interval

Page 600: 35—62

o Concavity
Page 599

Pages: 516, 517, 533, 535,

7 4. Applications to Economics
536, 555

o Rates of change Pages: 520 – 521

o Related rates Pages: 536 – 537

o Marginal Analysis Page: 540

o Point of Diminishing returns

o Price Elasticity of Demand Pages: 558 – 559

8 Midterm (Multiple-choice questions)

9 Chapter 4. Integration Chap 14 + 15

1. Area of a flat region

2. Integrals

3. Integration by changing variables

and integration by parts

4. Approximating integrations

5. Improper integration

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6. Applications to economics:
Consumer’ surplus and Page 692: 59 – 68
Producer’s surplus

10 Chapter 5. Multivariable Calculus Chap 17

1. Partial derivatives Pages: 759 – 760 + 770 – 771

2. Unconstrained optimization
Pages: 781 – 783
problems

3. Constrained optimization
Page 789
problems - Lagrange multipliers

4. Applications to economics

11 Chapter 6. Matrix Algebra Chap 6

1. Matrices – Operations with

Pages: 266 – 267
matrices

2. Determinant Lecturing

3. Rank of a matrix Lecturing

12 4. Inverses Page: 287

5. System of linear equations Pages: 276 – 277 + 281

13 Chapter 7. Linear Programming Chap 7

1. Geometric method
Pages: 324 – 326
14 2. The Simplex method

Assignment 2 [group working, the same

Use Excel solver to work out
members as in Assignment 1]
linear programming problems in
pages 324 – 326
Due on the 15th week

15 Review

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Tutorials
Tutorials following the lecture in each session provide students the opportunity to apply and share knowledge by
doing a variety of in-class activities individually or in group such as exercises, discussion, and presentation. These
activities focus on demonstrating your skills and help you build your ability to achieve the learning outcomes for this
unit.
Tutorial questions/exercises will be provided in class.You will be expected to have completed specific reading and
exercises from the textbook and other required materials prior to attending each lecture and tutorial class. If you
have not prepared adequately, you will not get the full benefit from this learning opportunity.

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Learning resources
List of readings
Prescribed Haeussler E., Paul R., and Wood R (2014). Introductory Mathematical Analysis for Business,
Textbook Economics, and the Life and Social Sciences (13th ed.). Pearson.

Recommended
NA
readings

Online resources
Information
center of the http://highered.mheducation.com/sites/0073521485/student_view0/index.html
textbook
http://search.proquest.com/login
E-library Username:UEHCMC2010
Password: thuvien0810
E-learning http://elearning.isb.edu.vn/

Referencing requirements
Student assignments are to contain original content created by the students. Assignments will be rejected if they
include plagiarised content or contain excessive amounts of quoted/cited material and minimal original content.
Students will receive a grade of ZERO (0%) for any assignments rejected for this reason. Written assignments WILL
BE RANDOMLY checked by the lecturer with Turnitin.com, an online plagiarism-checking tool.
Furthermore, your reference to support your statements must be from a reliable source, such as textbooks, additional
reading materials, and reference books. However, many websites are not reliable sources. Examples are
Wikipedia.org, about.com, and ask.com. If you are not sure if a reference is acceptable or not, please contact the
lecturer.
The Publication Manual of the American Psychological Association (APA) 6th ed., will serve as the primary
reference materials for all students. Therefore, all papers must be submitted in APA format. The mechanics of
student papers and work will be evaluated, as well as the content. It is imperative that guidelines be reviewed before
an assignment is begun. It is also important that the required submission format be followed in compiling the final
paper or assignment.

Class Policies and Rules

Attendance requirement
UEH-ISB policy requires students to enter electronic finger print before entering the classes. Class attendance is
compulsory and students should provide reasons for the failure to attend the class on a particular lecture/workshop
session. Students are required to attend a minimum of 80% of all classes in order to secure class participation marks.
Please let your lecturer and/or UEH-ISB know if you are unable to attend any session.

Arriving to class late by 15 minutes at the beginning, arriving late by 5 minutes after the break, or leaving prior to
the scheduled end time without the permission of the lecturer will equate to an absence. Grade reductions for the unit
will be assessed when final grades are assigned if the above absence rule is violated during the unit.

Electronic device use

Cell phones will be turned off or switched to vibrate mode before class starts. No phone calls or text messaging are
allowed inside classroom during class time. Portable listening and/or music devices may not be operated in the
classroom. Headphones and/or ear buds of any type may not be worn while in the classroom whether operating or

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not.Laptop and other electronic devices are not permitted unless specifically authorised by the lecturer exclusively
for note taking and doing class work. If you are in violation of these policies, you will be excused from class and an
absence will be assessed.

Email etiquette
Your teachers receive many emails each day. In order to enable them to respond to your emails appropriately and in
a timely fashion, students are asked to follow basic requirements of professional communication. Firstly, all emails
should have a concise and descriptive title, including the class and name of the unit you are enquiring about as your
teacher may be teaching more than one unit/class. Students need to be clear about the intention of their emails, use
appropriate tone and language, proof-read what is written in the email before sending it. Students should also allow
3-4 working days for a response before following up. If the matter is legitimately urgent, you may indicate this in the
email subject header but be sure that the email does require an immediate response before using this strategy. If your
email request is complex and requires a lengthy response it may be probably best to make an appointment with your
teacher to meet in person.

Student behaviour guidelines

Everyone must behave professionally. Students are expected to demonstrate respect for teacher and fellow students
at all times. Behaviour that is disruptive to a positive learning environment reported to the teacher will result in a
warning on the first instance; the second instance might result in a failing grade along with expulsion from the
course or program.

Students are to be punctual at every class session and group meeting. Homework, readings and other required
assignments must be well prepared and completed as scheduled. Students must also actively participate in classroom
activities and discussions.

Any student caught (1) cheating on an exam, (2) collaborating with others on work to be presented, if contrary to the
stated rules of the course, (3) submitting, if contrary to the rules of the course, work previously submitted in another
course, (4) knowingly and intentionally assisting another student in any of the above actions, including assistance in
an arrangement whereby work, classroom performance, examination, or other activity is submitted or performed by
a person other than the student under whose name the work is submitted or performed, or (5) plagiarising, may fail
the class and be subject to further disciplinary action. First violation will result in a grade ZERO (0%) for that
assignment. Second violation will result in a failing course grade.

Disability support services

Students with disabilities are advised that accommodations and services are available at UEH-ISB. It is the student's
responsibility to contact UEH-ISB office and submit appropriate documentation prior to receiving such services.

Additional information
This unit guide may be revised at the discretion of the Unit Coordinator with approval from Program Academic
Director and School Academic Committee where appropriate.

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