Business Mathematics

Course Code: 
MATH 175
Course Period: 
Autumn
Course Type: 
Core
P: 
3
Application: 
0
Credits: 
3
ECTS: 
6
Course Language: 
Almanca
Course Objectives: 
In this course the most important mathematical tools and methods are introduced and it is aimed to teach the math-related basic principles of business and economics environments.
Course Content: 

Linear Algebra-Matrices, Vectors, Geometric series, Interest rate calculations, Bonds, Annuities, Nominal value, Coordinates, Differential Equations, Linear Optimization

Course Methodology: 
1: Lecture, 2: Question-Answer, 3: Discussion, 9: Simulation, 12: Case Study
Course Evaluation Methods: 
A: Testing, B: Homework, C: Performance

Vertical Tabs

Course Learning Outcomes

Learning Outcomes

Program Learning Outcomes

Teaching Methods

Assessment Methods

Learning how to calculate the matrix

4,20

1,2

A

The linear combination of vectors calculations

1,20

1,2,3

A

Learning how to solve systems of linear equations

1,20

1,2

A

Retirement, learn about credit and interest rate calculation

1,5

1,2,3

A

Calculation of the linear optimization

6,20

1,2,3

A

 
 

Course Flow

Week

Topics

Study Materials

1

Introduction-Linear Algebra-Matrices

 

2

Matrix calculation rules, Reverse and Transpose Matrix

 

3

Vectors, row and column vectors, scalar product, vector length, linear combination of vectors and linear independence

 

 

4

Systems of Linear Equations, Input and Output Models

 

 

5

Gauss Elimination Method

 

 

6

Determinant calculation rules, the Laplace method, Sarrus Rule

 

 

7

The solution of linear equation systems, Kramer Rule

 

 

8

Geometric series and Interest Calculations

 

 

9

Bonds, Annuities, the final and the nominal value of continuity

 

 

10

Pension funds, the method of Compound Interest, Credit and Interest Calculation

 

11

Coordinates and Coordinate Systems, Length, Slope, Slope of a line mid-point, linear equations

 

12

The point of intersection of two lines and Linear Optimization

 

 

13

Differential equations are one-dimensional, local or global extreme values

 

14

Local or global extreme values

 

15

Case Studies

 

16

Final Exam

 

 
 

Recommended Sources

Textbook

Leydold- Mathematik für Ökonomen , Oldenburg- Wolls Lehr- und Handbücher der Wirtschafts- und Sozialwissenschaften

Additional Resources

Univ. Doz. Dr. Wolfgang Hörmann, Mathematik für Wissenschaftler

 
 

Material Sharing

Documents

 

Assignments

 

Exams

 
 
 

Assessment

IN-TERM STUDIES

NUMBER

PERCENTAGE

Mid-terms

1

100

Quizzes

   

Assignment

   

Total

 

100

CONTRIBUTION OF FINAL EXAMINATION TO OVERALL GRADE

 

60

CONTRIBUTION OF IN-TERM STUDIES TO OVERALL GRADE

 

40

Total

 

100

 

 

COURSE CATEGORY

Expertise/Field Courses

 
 

Course’s Contribution to Program

No

Program Learning Outcomes

Contribution

1

2

3

4

5

1

Students should be able to use basic knowledge of International Business Management theoretically and practically for identification, modeling and solving of problems for businesses operating on a global scale.

       

X

2

Students should possess the essential body of knowledge related to International Business Management including the state-of-the art concepts, theories and models, historical evolution of that discipline, the scientific methodology in general, and the research tools and techniques utilized in that discipline, in particular.

   

X

   

3

Students should understand the core competences of juridical, political, social, and economic psychological dimensions related to International Business Management.

   

X

   

4

Students should be able to conduct independent research in their discipline by specifying information needs for investigating a topic-of interest, accessing the appropriate sources of knowledge, and preparing a comprehensive report.

       

X

5

Students should understand the interdependency and interrelationship among disciplines should be able to relate and synthesize International Business Management knowledge with diverse disciplines, and generate new information accordingly.

       

X

6

Students should be able to fulfill their responsibility as team leader or team member in project implementations or applied studies that are related to International Business Management.

       

X

7

Students should be able to design and plan projects to achieve organizational goals and objectives setted or to improve organizational performance.

   

X

   

8

Students should be able to critically evaluate the knowledge in the area of International Business Management, assess self-competency and direct self-learning efforts accordingly.

   

X

   

9

Students should understand the importance of life-long learning and self-assessment to maintain their personal and professional development.

     

X

 

10

By rapidly changing global circumstances, students should be able to show that they understand the importance of flexibility in thinking and generating creative solutions in order to succeed in professional life.

 

 

 

X

 

11

Students should be able to effectively communicate in written and oral German on a corporate level with people from diverse backgrounds.

 

 

X

 

 

12

Students should have the German proficiency to be able to follow and interpret the global dynamics that shape their discipline.

 

 

 

X

 

13

Students should indicate, express and present their knowledge in in national/international interdisciplinary academic and professional settings, should offer and make comments about the results of the works to other people from not only their field, but also from any other disciplines by clearly expressing  in Turkish and German via using right data.

 

 

 

X

 

14

Students should evaluate the differences between cultures and individuals by being aware of importance of respect for individual and cultural diversity, should be able to emphatically interact with individuals from diverse cultural backgrounds in social and professional settings and should contribute to the team works as a team coordinator or a team member.

 

 

X

 

 

15

Students should use effectively widespread and valid information technologies in their field.

 

X

 

 

 

16

Students should understand personal, professional and social ethics, should evaluate the ethical implications of various practices related to  social and professional life, should be aware of the importance how these ethical behavior add value to the society.

 

 

 

X

 

17

Students should know the concept of social responsibility on individual, social and ecological dimensions should indicate active citizenship for him-/herself within that frame.

 

 

X

 

 

18

Students should grasp the importance of the scientific point of view for social development and global competitiveness as well as social rights and social justice, which are the basis of modern societies.

 

 

X

 

 

19

Students should grasp the importance of quality management, health and safety, corporate social responsibility, professional and cultural respect and principles of corporate ethics for corporate sustainability.

 

 

X

 

 

20

Students should evaluate the contribution of basic business solutions to management and financial problems within a global and social framework.

 

 

 

 

X

 
 

ECTS

Activities

Quantity

Duration
(Hour)

Total
Workload
(Hour)

Course Duration (Including the exam week: 16x Total course hours)

16

3

48

Hours for off-the-classroom study (Pre-study, practice)

16

4

64

Mid-terms

1

3

3

Homework

2

6

12

Final examination

1

10

10

Total Work Load

1

10

10

Total Work Load / 25 (h)

 

 

147

ECTS Credit of the Course

 

 

5.88