SYLLABUS
FACULTY ECONOMIC AND BUSINESS
INTERNATIONAL PROGRAM FOR ISLAMIC ECONOMICS AND FINANCE (IPIEF)
1 Name of Course / Module
1. Applied Mathematics for Economics & Business 2. Practical Application of Mathematics
2 Course Code
3 Credit Value 2 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
Mathematics 2 study concerns the analysis using pure mathematics applied in economics and business problem, including the usefulness in economic analysis and business decision making.
7 References
1. Alpha Chiang and Kevin Wainwright. 2005.
Fundamental Methods of Mathematical Economics.
Fourth Ediction. Mc Graw-Hill Book. Inc. New York [CH]
2. Ian Jacques. Mathematics for Economics and Business.
Addison-Wesley, New York [IAN]
3. Dumairy. 2010. Matematika Terapan untuk Bisnis dan Ekonomi. Edisi keduabelas. BPFE. Yogyakarta [DUM]
4. JOURNALS
8 Lecturer Askar Mohammed Ali Garad, M.Sc.
9 Correspondence Email: [email protected] WA/Cellphone: +6282242341415 10 Consultation time By appointment
11 Academic Evaluation
Competency Test (Mid-Term and Final): 60%
Home work: 15%, Quizzes: 20%; Attendance: 5%
TOTAL 100%
COURSE OUTLINE
Meetings 1. COURSE MATERIAL APPLIED MATHEMATICS FOR ECONOMICS AND BUSINESS
Material Readings 1 Introduction: Study Plan
2 Optimum review, Optimacy without any burden [CH9]
3
4 Price discrimination [IAN4]
5 Optimacy using burden (Lagrangean and Khun Tuckerian) [CH 12, 13]]
6
7 Consumer and production optimacy [CH12]
8 Competency Test 1
9 Matrix’s – inverse, cramers methods and Gauss methods [IAN 7]
10 Input-Output Matrix [IAN 7] [CH 19]
11 Linear programation (models and graphics) [IAN 8]
12 Linear programation (simplex methods through
maximization case) [IAN 8]
13
14 Integral implementation for maximization and minimum [CH14] [DUM 14]
15
16 Competency test 2
Meetings 2. COURSE MATERIAL PRACTICAL APPLICATION OF MATHEMATICS
Material Readings 1 Course plan for Practical Application of Mathematics
2 Exercise (problem solving): Optimacy without any burden 3 Exercise (problem solving): Price discrimination
4 Quiz 1
5 Exercise (problem solving): Optimacy using burden (Lagrangean and Khun Tuckerian
6 Quiz 2
7 Exercise (problem solving):Consumer and production optimacy 8 Competency test 1
9 Exercise (problem solving): Matrix’s – inverse, cramers methods and Gauss methods
10 Exercise (problem solving): Input-Output Matrix 11 Quiz 3
12 Exercise (problem solving): Linear programation (models and graphics)
13 Exercise (problem solving): Linear programation (simplex methods through maximization case)
14 Quiz 4
15 Exercise (problem solving): Integral implementation for maximization and minimum.
16 Competency test 2
Rules of class meeting:
1. Attendance point is measured from the percentage of students’ attendance for 16 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 & 2 are based on the previous material courses which delivered 2 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
