Module Handbook-Mathematics-Universitas Brawijaya
Module Handbook
Module Name: Economics and Business Mathematics
Module Level: Bachelor
Abbreviation, if Applicable:
MAM 61405 Sub-Heading, if
Applicable:
- Courses included in the module, if applicable
Economics and Business Mathematics Semester/term: 3th/2nd year
Module Coordinator(s): Chair of the Lab. Industrial and Finance Mathematics
Lecturer(s) Agus Widodo
Language Indonesian
Classification within the curriculum
Elective Studies Teaching format / class
hours per week during semester:
150 minutes lectures per week.
Workload: Total workload is 4.5 ECTS, which consists of 2.5 hours lectures, 3 hours structured activities, 3 hours independent learning, 16 week per semester, and a total 136 hours per semester including mid exam and final exam.
Credit Points: 3
Requirements according to the examination regulations:
Students have taken Economics and Business Mathematics course (MAM 61405), have attendance at least 80%, and have the examination card when where the course is stated on.
Recommended prerequisties
Students have taken Calculus II course (MAM62201) and have participated in the final exam on the module.
Learning
goals/competencies or
Module
objectives/intended learning outcomes
After completing this course the student should have
CLO 1 : Ability to apply series in economic and business problems.
CLO 2 : Ability to apply polynomial function in economics and business problems.
CLO 3 : Ability to apply exponential function and logarithm in economics and business problems.
CLO 4 : Ability to apply derivative and integral of a function in economics and business problems.
CLO 5 : Ability to apply matrix in economics and business problems.
CLO 6 : Ability to solve mathematical problems based on the objectives and characteristics of several economic and business cases and interpret the results.
Content: 1. The application of a series to the business development model and the growth model.
2. Application of polynomial functions: market balance before and after taxes / subsidies.
Module Handbook-Mathematics-Universitas Brawijaya 3. The market balance of two kinds of goods: the cost function and
the revenue function; break event analysis, utility functions and production functions.
4. Application of logarithm and exponential functions: compound interest model, growth model, Wright efficiency model.
5. Application of derivative of a function: marginal demand and elasticity, partial demand, combined production costs, partial marginal utility and consumption balance, partial marginal product and production balance.
6. Application of integral of a function: consumer surplus and producer surplus.
7. Application of the matrix: transaction matrix and technology matrix.
Study / exam achievements:
The final mark will be weighted as follows:
No. Assessment methods (component, activities). Weight
1. Assignment 10 %
2. Quiz 25 %
3. Mid examination 30 %
4. Final examination 35 %
Final grades is defined as follow: A : 80 < Final Mark ≤ 100 B+ : 75 < Final Mark ≤ 80
B : 69 < Final Mark ≤ 75
C+ : 60 < Final Mark ≤ 69
C : 55 < Final Mark ≤ 60
D+ : 50 < Final Mark ≤ 55
D : 44 < Final Mark ≤ 50
E : 0 ≤ Final Mark ≤ 44
Forms of Media Slides and LCD projectors, laptop/ computer, whiteboards.
Learning Methods Lecture
Literature 1. Dumairy, 2015, Matematika Terapan untuk Bisnis dan Ekonomi, (Edisi kedua) BPPE, Yogyakarta;
2. Stancl, 1988, Calculus for Management and Life and Social Science, Richard D. Irwin, Inc, USA.
3. Wibisono Y, 1999, Manual Matematika Ekonomi, Gadjah Mada University Press, Yogyakarta.
Notes:
