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SYLLABUS INTRODUCTION TO MATHEMATICS FOR ECONOMICS AND BUSINESS Writer: Askar Mohammed Ali Garad, M.Sc. International Program for Islamic Economics and Finance (IPIEF) Faculty of Economics and Business Universitas Muhammadiyah Yogyakarta - June 2020 1 Name of Course / Introduction Mathematics for Economic and Business Module 2 Course Code EI6407 3 Credit Value 3 credit hours To refresh the students capacity concerning the pure mathematics knowledge, introduce the application of 4 Objective mathematics to the economics concept, to improve the analysis skill in economic through mathematical approach and methods. 1. Students could be able to analyze the economics problem through mathematical approach and methods. 5 Learning Outcomes 2. Student able to delivering the economics point of view into written and oral, hence, the students are able to utilize mathematical concept to facilitate the works for economic analysis The study concerns the analysis using pure mathematics 6 Synopsis applied in economics and business problems, including the usefulness in economic analysis and business decision making. 1. Ian Jacques. Mathematics for Economics and Business. Addison-Wesley, New York [IAN] 2. Alpha Chiang and Kevin Wainwright. 2005. 7 References Fundamental Methods of Mathematical Economics. Fourth Ediction. Mc Graw-Hill Book. Inc. New York [CH] 3. JOURNALS 8 Lecturer Askar Mohammed Ali Garad, M.Sc. 9 Correspondence Email: askar2005.55@gmail.com, askargarad@umy.ac.id WA/Cellphone: +6282242341415 10 Consultation time By appointment Competency Test 1 & 2 : 70% Homework: 10% ; 11 Academic Evaluation Attendance: 10%; Group participation : 10% TOTAL 100% TOPICS Mathematics 1 Topic: 1 Linear equations Topic: 2 Non-linear equations Topic: 3 Mathematics of finance Topic: 4 Differentiation Topic: 5 Matrices NO. TOPIC SECTIONS No. Meeting INTRUDECTION & PLAN STUDY 1 Section 1.1: Introduction to algebra TOPIC 1: Section 1.2: Further algebra Linear Section 1.3: Graphs of linear equations 3 Equations Section 1.4: Simultaneous linear equations Section 1.5: Supply and demand analysis TOPIC 2: Section 2.1: Quadratic functions Non-linear Section 2.2: Revenue, Cost and Profit 3 Equations Section 2.4: The exponential and natural logarithm functions Competency Test 1 1 Section 3.1: Percentages TOPIC 3: Section 3.2: Compound Interest Mathematic Section 3.3: Geometric Series 2 s of Finance Section 3.4: Investment Appraisal TOPIC 4: Section 4.1: The derivative of a function Differentiati Section 4.2: Rules of differentiation 3 on Section 4.3: Marginal functions Section 4.4: Further rules of differentiation TOPIC 5: Section 3.1: Basic matrix operations 2 Matrices Section 3.2: Matrix inversion Competency Test 2 1 TOTAL OF MEETINGS 16 Rules of class meeting: 1. Attendance point is measured from the percentage of students’ attendance for 18 meetings. Formal letter is needed for students who skip the class, however, if there is no any formal letter or other documents to support the statement of the students, they are regarded as absent. 2. Late attendance is not favorable. If the student come late to the class more than 15 minutes, it considered as an absent. 3. Competency test 1 to 4 are based on the previous material courses which delivered 3 to 4 times before the test. This point of assessment is expected to nurture integrity and independency of the students 4. Plagiarism and any kind of cheating during the test is strictly prohibit. If proven, students will considered failed for the competency test which carried out during the period. 5. Students are not allowed to skip any competency test and if it is happen, it will immediately considered as failure for the subject and earn “E” the transcript 6. Students are allow to propose make up competency test, but it will be held once during this subject delivered in this semester. 7. Grading system as follows: Grading and Weight Interval (%) A 80 - 100 AB 75≤ AB <79 B 70≤ B <74 BC 60≤ BC <69 C 50≤ C <59 D 40≤ D <49 E < 40
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