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Business Mathematics and Logical Reasoning
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Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Paper Code |
Paper Title |
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BCP-113 |
Business Mathematics and Logical Reasoning |
On successful completion of this subject, students should be able to: CO 15:Constructequations, Ratio and Proportions and basic of Matrices with their uses in the real life. CO 16:Analyze the concept of Interest, Deprecation, Value of Money, Annuities etc. which help them in various field of accounting. CO 17:Formulate Permutation, Combinations and Sequence and Series for sorting many problems. CO 18: Formulate Sets, Relations and Functions with some basic application of Differential Equation and Integral Calculus. CO 19:Appraise the logical reasoning based on real life problems. CO 20: Resolve problems related with Number Series, Coding and Decoding. |
Approach in teaching: Interactive Lectures, Discussion, Tutorials, Reading assignments
Learning activities for the students: Self learning assignments, Effective questions, Seminar presentation,
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Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects |
Ratio and Proportion, Indices and Logarithms
Ratio and Proportion (Business Applications related to Ration and Proportion) Laws of Indices, Exponents and Logarithms and Anti Logarithms.
Equations: Simultaneous linear equations up to three variables, Quadratic and Cubic equations in one variable.
Linear Inequalities with Objective Functions and Optimization w.r.t. objective function.
Time value of Money:
Simple Interest, Compound interest, Depreciation, Effective Rate of Interest, Present Value, Net Present Value, Future Value, Perpetuity, Annuities, Sinking Funds, Valuation of Bonds, Calculating of EMI, Calculations of Returns: a) Nominal Rate of Return b) Effective Rate of Return c) Compound Annual growth rate (CAGR)
Permutations and Combinations: Basic concepts of Permutations and Combinations: Introduction, the Factorial, Permutations, results, Circular Permutations, Permutations with restrictions, And Combinations with standard results.
Sequence and Series: Introduction Sequences, Series, Arithmetic and Geometric progression, Relationship between AM and GM and Sum of n terms of special series
Sets, Relations and Functions
Basic applications of Differential and Integral calculus (Excluding the trigonometric applications), Applications of Marginal Cost and Marginal Revenue etc.
Logical reasoning
Number series, Coding and Decoding and odd man out.
Direction Tests
Seating Arrangements
Blood Relations
1. Study Material Published by Institute of Chartered Accountants of India
2. C.A. Foundation Course Statistics, RN. Arora & S. Arora, Sultan Chand and Sons
