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Course Specifications
Kingdom of Saudi Arabia
The National Commission for Academic Accreditation & Assessment
Dept. of Business Administration, Community College Dammam
University of Dammam
Course Specifications
(CS)
Principles of Business Mathematics
QM 204
29
Course Specifications
Institution Date of Report December 8, 2013
University of Dammam
College/Department Community College Dammam, Dept. of Business Administration
A. Course Identification and General Information
1. Course title and code: Principles of Business Mathematics - QM 204
2. Credit hours 3 Credit Hours
3. Program(s) in which the course is offered.
(If general elective available in many programs indicate this rather than list programs)
Diploma in Business Administration
4. Name of faculty member responsible for the course
5. Level/year at which this course is offered First Level
6. Pre-requisites for this course (if any)
SEE Study Plan
7. Co-requisites for this course (if any)
8. Location if not on main campus Community College Dammam
9. Mode of Instruction (mark all that apply)
a. Traditional classroom What percentage?
b. Blended (traditional and online) What percentage?
c. e-learning What percentage?
d. Correspondence What percentage?
f. Other What percentage?
Comments: The instructor is encouraged to use various teaching and learning methodologies.The exact
percentage depends on the nature of the course It is the instructor’s discretion and responsibility to
provide the percentage in his/her syllabus at the start of the course.
X
100
30
B. Objectives
1. What is the main purpose for this course?
The main purpose of this course in Mathematics for Business is to introduce the student to the
mathematics of business and finance. The focus is on identifying and graphing different types of
functions, solving linear and quadratic equations and inequalities, solving systems of linear equations,
performing operations on exponential and logarithmic expressions, using integration and
differentiation, computing interest, calculating the future value of a principal under annual
compounding and becoming competent at symbolic manipulation of relevant equations and
expressions pertaining to the mathematics of business applications. Another emphasis is on obtaining
skills in using computer software to assist in the formulation, analysis of, and solution of real
problems. The goal is to provide the student with a set of tools to acquire the ability to read, write,
listen to and speak mathematics within the framework of a business context. The student will leave the
course with a basic understanding of how to manipulate mathematics in different business applications.
2. Briefly describe any plans for developing and improving the course that are being implemented.
(e.g. increased use of IT or web based reference material, changes in content as a result of new
research in the field)
Interactive learning in class is applied. Students are given projects in which they investigate real-world
situations, analyze data, develop solutions, write reports and present results in class. The use of
software such as Excel is encouraged and the final results are delivered in class by the students through
PowerPoint presentations. Discussions follow each presentation and the teacher concludes by
reviewing some of the techniques used by the students in their projects.
C. Course Description (Note: General description in the form to be used for the Bulletin or
handbook should be attached)
1. Topics to be Covered
List of Topics No. of
Weeks
Contact Hours
Linear Equations 1 3
Application of Linear Equations in Business: Supply and demand analysis
1 3
Application of Linear Equations in Business: Transposition of formulae, Income determination
1 3
Non- Linear Equation : Quadratic Equations 1 3
Quadratic Equations Application ( Revenue, cost and profit) 1 3
31
Indices and Logarithms, The Exponential and natural Logarithm functions
1 3
Tutorial , Review and First Examination 1 3
Mathematics of Finance 1 3
Mathematics of Finance Applications: Investment appraisal 1 3
Differentiation and applications: Elasticity and Optimizations 1 3
Partial Differentiations 1 3
Tutorial , Review and Second Examination 1 3
Integration and Business Applications 1 3
Matrices and Business Applications 1 3
Tutorial and Review and Final Exam 1 3
2. Course components (total contact hours and credits per semester):
Lecture Tutorial Laboratory Practical Other: Total
Contact
Hours
24 3 9 0 9 45
Credit 3
3. Additional private study/learning hours expected for students per week.
4. Course Learning Outcomes in NQF Domains of Learning and Alignment with Assessment Methods
and Teaching Strategy
NQF Learning Domains
And Course Learning Outcomes
Course Teaching
Strategies
Course
Assessment
Methods
1.0 Knowledge
After completing this course the students will
1.1 possess an introductory, comprehensive, and
coherent body of knowledge in the field of
mathematics for business. That includes
knowledge of concepts in percentages, interest,
indices, inflation, supply and demand analysis,
national income, elasticity and all associated
mathematical basics such a linear algebra,
differentiation, integration and matrices.
Lectures and Tutorials
Quizzes, graded
homework
assignments,
midterms and
final exams
9
32
1.2 be able to apply a range of basic mathematical
operations to solving problems.
In-class exercises,
Homework
Quizzes, graded
homework
assignments,
midterms and
final exams
2.0 Cognitive Skills
After completing this course the students will be abl
2.1 to analyze data, plot it and maximize
components.
Excel, Computer lab Computer Projects
2.2 to model financial and economic situations and
solve underlying problems.
Case studies Projects, report
writing and
presentations
3.0 Interpersonal Skills & Responsibility
After completing this course the students will be able
3.1 to work in teams for the related resolution of
small scale mathematics of finance problems.
Group homework
exercises in class
Assessment by
instructor
3.2 to behave appropriately in a group situation and
show honesty and integrity.
Group projects and
homework exercises
Assessment by
peer and teacher
evaluation
4.0 Communication, Information Technology, Numerical
After completing this course the students will be able
4.1 to communicate effectively in the teaching
language, express their ideas clearly, and write
reports.
Individual homework
solution presentations
Assessment by
instructor, report
writing and
presentations
4.2 to use Information Technology to communicate
results through email, internet and phone.
Web page design, social
networks and iphone
apps
Assess web report
in a html format
4.3 to give a presentation on the results of an
analysis.
Training in giving
presentations
Projects, report
writing and
presentations
5.0 Psychomotor
After completing this course the students will be able
5.1 Plot and graph mathematical functions. In-class exercises,
laboratory sessions,
homework
Lab reports,
quizzes, graded
homework,
midterms and
final exams
33
6. Schedule of Assessment Tasks for Students During the Semester
Assessment task (e.g. essay, test, group project, examination,
speech, oral presentation, etc.) Week Due
Proportion of
Total
Assessment
1 Homework, problem solving 2, 3, 4, 5, 6 5%
2 Quiz 4 5%
3 First Examination 7 15%
4 Homework, problem solving 8, 9 5%
5 Quiz 9 5%
6 Presentation 10, 11 5%
7 Second Examination 12 15%
8 Presentation 13, 14 5%
9 Final Exam 15 40%
D. Student Academic Counseling and Support
1. Arrangements for availability of faculty and teaching staff for individual student consultations and
academic advice. (include amount of time teaching staff are expected to be available each week)
3 hours per week
5. Map course LOs with the program LOs. (Place course LO #s in the left column and program
LO #s across the top.)
Course
LOs #
Program Learning Outcomes
(Use Program LO Code #s provided in the Program Specifications)
1.5 2.6 3.1 3.2 3.3 4.1 4.2
1.1 √
1.2 √
2.1 √
2.2 √
3.1 √
3.2 √
3.3 √
4.1 √
4.2 √
34
E. Learning Resources
1. List Required Textbooks
Mathematics for Economics and Business , 7th Edition, by Ian Jacques , 2013, ISBN: 978-0-273-
76356-7
2. List Essential References Materials (Journals, Reports, etc.)
Hill, C.W.L & McShane, S.L (2008), Principles of Management, McGraw-Hill/Irwin.
Robbins, S & Coulter, M (2013) Management, 12/E, Prentice Hall
3. List Recommended Textbooks and Reference Material (Journals, Reports, etc)
College Mathematics for Business, Economics, Life Sciences and Social Sciences: Pearson New
International Edition (12e), by Raymond A. Barnett, Michael R. Ziegler and Karl E. Byleen, 2013,
ISBN: 9781292021829, Published by Pearson Higher Ed U
Business Math Excel Applications for Business Mathematics, 2nd Edition, by Edward Laughbaum, Ken
Seidel, 2008, ISBN13: 9780136071846
Mathematics with Application in the Management, Natural and Social Sciences, 9th edition, by
Margaret L. Lial, Thomas W. Hungerford and John P. Holcomb Jr., 2010, ISBN: 0321645537, Pearson
Education (Addison-Wesley)
4. List Electronic Materials (e.g. Web Sites, Social Media, Blackboard, etc.)
Blackboard will be used to manage the classroom and monitor its progress
5. Other learning material such as computer-based programs/CD, professional standards or regulations
and software.
Microsoft Excel
F. Facilities Required
Indicate requirements for the course including size of classrooms and laboratories (i.e. number of seats
in classrooms and laboratories, extent of computer access etc.)
1. Accommodation (Classrooms, laboratories, demonstration rooms/labs, etc.)
Lecture room capacity: 30 seats
35
2. Computing resources (AV, data show, Smart Board, software, etc.)
Calculator, Computer Laboratory
3. Other resources (specify, e.g. if specific laboratory equipment is required, list requirements or attach
list)
G. Course Evaluation and Improvement Processes
1. Strategies for Obtaining Student Feedback on Effectiveness of Teaching
Students' course evaluation
Informal feedback from students
2. Other Strategies for Evaluation of Teaching by the Program/Department Instructor
Peer observation and consultation
Monitoring of teaching activities by internal & external faculty members
Review of course portfolios
3. Processes for Improvement of Teaching
Analysis of student course evaluation and informal feedback
Peer evaluation and feedback
Review of course portfolios
Workshops on pedagogical methods
4. Processes for Verifying Standards of Student Achievement (e.g. check marking by an independent
member teaching staff of a sample of student work, periodic exchange and remarking of tests or a
sample of assignments with staff at another institution)
Analysis of course assessments by other reviewers on a periodic basis
5. Describe the planning arrangements for periodically reviewing course effectiveness and planning for
improvement.
Textbook(s) and other teaching resources (e.g. software) are evaluated through peer
consultation and student course evaluation.
Course specifications are periodically reviewed at the departmental level.
Comparison and updating of courses as per the benchmark standards
Revision and improvement as suggested by departmental council.