SYLLABUS
INTRODUCTION TO MATHEMATICS FOR ECONOMICS AND BUSINESS
Writer:
Askar Mohammed Ali Garad, M.Sc.
International Program for Islamic Economics and Finance (IPIEF) Faculty of Economics and Business
Universitas Muhammadiyah Yogyakarta - June 2020
1 Name of Course /
Module Introduction Mathematics for Economic and Business 2 Course Code EI6407
3 Credit Value 3 credit hours
4 Objective
To refresh the students capacity concerning the pure mathematics knowledge, introduce the application of mathematics to the economics concept, to improve the analysis skill in economic through mathematical approach and methods.
5 Learning Outcomes
1. Students could be able to analyze the economics problem through mathematical approach and methods.
2. Student able to delivering the economics point of view into written and oral, hence, the students are able to utilize mathematical concept to facilitate the works for economic analysis
6 Synopsis
The study concerns the analysis using pure mathematics applied in economics and business problems, including the usefulness in economic analysis and business decision making.
7 References
1. Ian Jacques. Mathematics for Economics and Business.
Addison-Wesley, New York [IAN]
2. Alpha Chiang and Kevin Wainwright. 2005.
Fundamental Methods of Mathematical Economics.
Fourth Ediction. Mc Graw-Hill Book. Inc. New York [CH]
3. JOURNALS
8 Lecturer Askar Mohammed Ali Garad, M.Sc.
9 Correspondence Email: askar2005.55@gmail.com, askargarad@umy.ac.id WA/Cellphone: +6282242341415
10 Consultation time By appointment 11 Academic Evaluation
Competency Test 1 & 2 : 70%
Homework: 10% ; Attendance: 10%;
Group participation : 10%
TOTAL 100%
TOPICS
NO. TOPIC SECTIONS No. Meeting
INTRUDECTION & PLAN STUDY 1
TOPIC 1:
Linear Equations
Section 1.1: Introduction to algebra
3 Section 1.2: Further algebra
Section 1.3: Graphs of linear equations Section 1.4: Simultaneous linear equations Section 1.5: Supply and demand analysis TOPIC 2:
Non-linear Equations
Section 2.1: Quadratic functions Section 2.2: Revenue, Cost and Profit 3
Section 2.4: The exponential and natural logarithm functions
Competency Test 1
1TOPIC 3:
Mathematic s of Finance
Section 3.1: Percentages Section 3.2: Compound Interest 2 Section 3.3: Geometric Series Section 3.4: Investment Appraisal
TOPIC 4:
Differentiati on
Section 4.1: The derivative of a function Section 4.2: Rules of differentiation 3 Section 4.3: Marginal functions
Section 4.4: Further rules of differentiation TOPIC 5:
Matrices
Section 3.1: Basic matrix operations Section 3.2: Matrix inversion 2
Competency Test 2
1TOTAL OF MEETINGS
16Topic: 1 Linear equations
Topic: 2 Non-linear equations
Topic: 3
Mathematics of finance
Topic: 4 Differentiation
Mathematics 1
Topic: 5 Matrices
Rules of class meeting:
1. Attendance point is measured from the percentage of students’ attendance for 18 meetings. Formal letter is needed for students who skip the class, however, if there is no any formal letter or other documents to support the statement of the students, they are regarded as absent.
2. Late attendance is not favorable. If the student come late to the class more than 15 minutes, it considered as an absent.
3. Competency test 1 to 4 are based on the previous material courses which delivered 3 to 4 times before the test. This point of assessment is expected to nurture integrity and independency of the students
4. Plagiarism and any kind of cheating during the test is strictly prohibit. If proven, students will considered failed for the competency test which carried out during the period.
5. Students are not allowed to skip any competency test and if it is happen, it will immediately considered as failure for the subject and earn “E” the transcript 6. Students are allow to propose make up competency test, but it will be held once
during
this subject delivered in this semester.
7. Grading system as follows:
Grading and Weight Interval (%)
A 80 - 100
AB 75≤ AB <79
B 70≤ B <74
BC 60≤ BC <69
C 50≤ C <59
D 40≤ D <49
E < 40
