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BUSINESS MATHEMATICS AND LOGICAL REASONING
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Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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On successful completion of this subject, students should be able to: CO 13:Construct equations, Ratio and Proportions and basic of Matrices with their uses in the real life. CO 14:Analyze the concept of Interest, Deprecation, Value of Money, Annuities etc. which help them in various field of accounting. CO 15:Formulate Permutation, Combinations and Sequence and Series for sorting many problems. CO 16: Formulate Sets, Relations and Functions with some basic application of Differential Equation and Integral Calculus. CO 17:Appraise the logical reasoning based on real life problems. CO 18: Resolve problems related with Number Series, Coding and Decoding. |
Interactive Lectures, Discussion, Tutorials, Reading assignments. 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 (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 Course Objectives: Functions and Optimization Self-learning 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.
Study Material Published by Institute of Chartered Accountants of India
RN.Arora & S. Arora.C.A. Foundation Course Statistics, Sultan Chand and Sons
