Bussiness Management

KENYATTA UNIVERSITY

SCHOOL OF BUSINESS

DEPARTMENT OF MANAGEMENT SCIENCE

COURSE OUTLINE

UNIT TITLE: MANAGEMENT MATHS I

UNIT CODE: BMS 100

LECTURER: Ms. LUCY KAMAU

CONTACTS: lucy.kamau@ku.ac.ke

Course Objectives: -

By the end of the course the students should be able to:

❖ Perform various operations using the various mathematical tools.

❖ Apply the various mathematical techniques in solving business problems

Course Content

1. Set theory:

❖ Definition, types

❖ Venn diagrams.

❖ Set enumeration and operations on sets.

❖ Applications

2. Equations

❖ Types : linear, quadratic and simultaneous

❖ Solution methods

3. Functions

❖ Linear and quadratic functions.

❖ Polynomials, higher order functions

❖ Exponential and logarithmic functions

❖ Limits and continuity

4. Differential Calculus

❖ Rules of differentiation: power rule, product rule, quotient rule, chain rule.

❖ Application of differentiation to Revenue, Cost and Profit Functions.

5. Integral Calculus

❖ Rules of Integration

❖ Applications of integral calculus

6. Mathematics of finance

❖ Series : Arithmetic series and Geometric series

❖ Simple and compound interest: Simple Interest; compound Interest; continuous Compound Interest; Depreciation;

❖ Annuity: Types of Annuity ; Present Value of Capital; Present Value Perpetuity; Present Value of a Deferred Annuity; Present Value of a Variable Annuity; Amortization; Sinking Fund.

Course Evaluation

C.A.T’s and Assignments 30%

Final Exam 70%

TOTAL 100%

REFERENCES

Barnett A.R et al. (2000). Applied calculus: for business, economics, life sciences and social sciences. 7th edition. Prentice-Hall Inc, U.S.A.

Monga G. S. (2002). Mathematics and statistics for economics. 2nd revised edition. Vikas Publishing House Pvt ltd, New Delhi.

Srivastava, K. U et al. (2002). Quantitative Techniques for...