BAWDM_ECON110: Business Math

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About Course

This course is an introductory business math course and aims to increase knowledge and skills that prepare students to solve practical financial and math problems regularly encountered in the business arena. The course also provides the basic knowledge necessary for higher level courses in accounting, finance and other business subjects that rely on business math solutions. Topics will cover simple and compound interest, annuities, rations, markdowns and markups, break even analysis, amortization of loans, sinking funds and bond valuation. Students will also practice investment decision applications.

 

After the completion of this course, you will be able to delve into the following mentioned streams of Business Math

  • Operations Management
  • Sales and Marketing Analytics
  • Loan and Mortgage Management
  • Budgeting and Forecasting Management
  • Investment Analysis Management
  • Financial Analysis Management
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What Will You Learn?

  • Apply basic algebra math calculations to solve business solutions
  • Explain the importance of quantitative analysis in the decision-making process
  • Explain the role of merchandising mathematics and operations in wholesale and retailing business
  • Apply simple interest and compound interest calculations to different financial instruments such as treasury bills and promissory notes
  • Solve present value and future value problems involving simple interest or compound interest calculations
  • Solve comprehensive annuity and loan amortization problems
  • Obtain and use current currency exchange rates to calculate value in different countries
  • Analyze word problems to extract relevant data from business language and context
  • Express numerical solutions in terms of business situations
  • Use ratios and proportions to solve allocation problems
  • Develop amortization schedules to illustrate the effect of compounding interest
  • Express answers to business problems using concept based written language
  • Use correct terminology to discuss mathematical concepts
  • Use proper expression of money, numerical values, and percentages
  • Apply, calculate, and interpret financial and business concepts to make informed business decisions
  • Understand how to apply mathematical concepts to personal and business investment and borrowing decisions

Course Content

Module 1

  • Topic 1: Review and Applications of Basic Mathematics
    03:12
  • LO1: Demonstrate Basic Arithmetic in Business Contexts
    18:27
  • LO2: Explain Solving Percentage-Based Problems
    15:49
  • LO3: Describe Data and Statistics in Business Decision-making
    19:17
  • LO4: Knowledge Check
  • Case Study: Review and Applications of Basic Mathematics
  • Topic 2: Review and Applications of Algebra
    03:06
  • LO1: Explain Algebraic Fundamentals
    16:02
  • LO2: Analyze Graphs of Linear Equations
    17:31
  • LO3: Using Financial Calculators for Algebraic Solutions
    14:46
  • LO4: Knowledge Check
  • Case Study: Review and Applications of Algebra
  • Topic 3: Ratios and Proportions
    03:02
  • LO1: Describe the Key Concepts of Ratios and Proportions
    15:26
  • LO2: Explain Applying Ratios in Business Contexts
    25:57
  • LO3: Identify the Proportional Problems in Business
    27:53
  • LO4: Knowledge Check
  • Case Study: Ratios and Proportions
  • Topic 4: Mathematics of Merchandising
    03:43
  • LO1: Discuss Key Merchandising Concepts
    15:28
  • LO2: Explain Using Financial Calculators for Merchandising Calculations
    15:50
  • LO3: Describe Analyzing Profitability in Merchandising
    14:45
  • LO4: Knowledge Check
  • Case Study: Mathematics of Merchandising
  • Topic 5: Cost-Volume-Profit Analysis
    04:30
  • LO1: Explain the Fundamental Concepts of Cost-Volume-Profit
    24:50
  • LO2: Utilize CVP in Making Business Decisions
    11:11
  • LO3: Explain Using CVP in Analyzing Profitability
    12:52
  • LO4: Knowledge Check
  • Case Study: Cost-Volume-Profit Analysis
  • Topic 6: Simple Interest
    05:06
  • LO1: Define Simple Interest
    08:42
  • LO2: Evaluate Calculating Simple Interest
    11:34
  • LO3: Explain Applying Simple Interest in Business
    13:10
  • LO4: Knowledge Check
  • Case Study: Simple Interest
  • Topic 7: Applications of Simple Interest
    04:50
  • LO1: Discuss Simple Interest Calculations
    09:21
  • LO2: Explain Using Financial Calculators for Simple Interest
    08:29
  • LO3: Describe Interpreting Interest in Financial Statements
    11:53
  • LO4: Knowledge Check
  • Case Study: Applications of Simple Interest
  • Topic 8: Compound Interest: Future Value and Present Value
    05:03
  • LO1: Explain the Concept of Compound Interest and its Significance
    11:45
  • LO2: Accurately Calculate the Future Value of an Investment
    10:57
  • LO3: Determine the Present Value of Future Cash Flows
    12:47
  • LO4: Assess the Implications of Compound Interest on Investment Decisions
    10:03
  • LO5: Knowledge Check
  • Case Study: Compound Interest: Future Value and Present Value
  • Topic 9: Compound Interest: Further Topics and Applications
    04:55
  • LO1: Demonstrate Proficiency in using Financial Calculators
    14:11
  • LO2: Describe Applying Compound Interest in Real Scenarios
    08:43
  • LO3: Discuss Applications of Compound Interest in Business Financing
    14:47
  • LO4: Knowledge Check
  • Case Study: Compound Interest: Further Topics and Applications
  • Topic 10: Annuities: Future Value and Present Value
    04:42
  • LO1: Define the Key Concepts of Annuities
    09:30
  • LO2: Differentiate Between Annuity Types on Future and Present Value Calculations
    11:22
  • LO3: Analyze the Practical Applications of Annuities in Business
    14:44
  • LO4: Knowledge Check
  • Case Study: Annuities: Future Value and Present Value
  • Topic 11: Annuities: Periodic Payment, Number of Payments, and Interest Rate
    04:30
  • LO1: Explain Annuities Importance in Financial Planning
    16:23
  • LO2: Analyze Scenarios to Determine the Number of Payments
    07:54
  • LO3: Describe Calculating Periodic Payments for Ordinary Annuities and Annuities Due
    09:50
  • LO4: Knowledge Check
  • Case Study: Annuities: Periodic Payment, Number of Payments, and Interest Rate
  • Topic 12: Annuities: Special Situations
    04:45
  • LO1: Explain the Tax Implications Associated with Different Types of Annuities
    24:40
  • LO2: Describe Evaluating Real-world Scenarios involving Annuities
    14:37
  • LO3: Identify Problem-solving Techniques to Address Complex Problems
    11:50
  • LO4: Knowledge Check
  • Case Study: Annuities: Special Situations
  • Topic 13: Loan Amortization; Mortgages
    05:04
  • LO1: Explain the Concept of Loan Amortization
    18:57
  • LO2: Describe Calculating the Amortization Schedule using the Texas Instruments
    14:48
  • LO3: Analyze the Breakdown of Payments into Interest and Principal Components
    08:29
  • LO4: Knowledge Check
  • Case Study: Loan Amortization; Mortgages
  • Module Based Quiz

Final Exam

Multihexa College

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