FMIPA ‐ ITB

MA1203 Business Mathematics 2

Semester II 2018/2019

Credit 3 credits
Prerequisite High School Mathematics
References 1. M. Hoy, J. Livernois, Chris McKenna, R. Kees, T. Kenesos, Mathematics for Economics, 2nd. Ed., MIT
Press, 2001.
2. S. T. Tan, Finite Mathematics for the Managerial, Life, and Social Sciences., Brooks Cole, 10 ed,
2011.
3. S. C. Chapra, R. P. Canale, Numerical Methods for Engineers, 6th Ed., McGraw Hill, 2010.
4. Laurence Hoffmann, Gerald Bradley, Calculus for Business, Economics, and the Social and Life
Sciences, Brief Edition, McGraw-Hill Science/Engineering/Math; 10th ed.
Short System of Linear Equations, matrix, determinant of a matrix, inverse of a matrix, difference equation,
differential equation, function’s interpolation, Finance Mathematics, application on Business world.
Syllabus
Description This course is designed to introduce knowledge and elementary mathematical tools to understand,
analyze, and solving problem in business, finance, and decision making in an investment. The course
MA 1203 are the second math course in Management Department ITB. Students will be given insights
related to system of linear equation, difference and differential equations, and numerical methods.
The emphasis is mainly on maximizing an objective function, interpolating, and decision making. This
course will be divided into four main subjects
1. Linear Programming
2. Interpolation
3. Economics Dynamics
4. Financial Mathematics
As an outcome of the course, students are expected to have
1. appreciation towards mathematics and its wide application in business and economics,
2. mathematical skill that is supported by appropriate concepts and methods,
3. critical, logical, and systematical thinking,
4. creativity in problem solving,
5. ability to communicate in both oral and writing,
6. ability to utilize other learning sources as books and internet, and readiness to learn other
courses which has mathematics as prerequisite.
Evaluation Temporary Final mark (FM) of maximum 100 points is determined through the following components:
1. Midterm Examination (𝑀𝐸): 40%
2. Final Examination (𝐹𝐸): 40%
3. Assignments, homework, quiz, group discussion, activeness: 20%.
Final Grade 𝐴 ∶ 𝑇𝐹𝑀 ≥ 80; 𝐴𝐵 ∶ 73 ≤ 𝑇𝐹𝑀 < 80; 𝐵 ∶ 65 ≤ 𝑇𝐹𝑀 < 73; 𝐵𝐶 ∶ 57 ≤ 𝑇𝐹𝑀 < 65
𝐶 ∶ 50 ≤ 𝑇𝐹𝑀 < 57; 𝐷 ∶ 35 ≤ 𝑇𝐹𝑀 < 50; 𝐸 ∶ 𝑇𝐹𝑀 < 35
Notes For those who get an E, there will be a Remedial Test. The Final Mark (FM) will be determined as
follows: FM= max {TFM, (TFM + RM) / 2} where RM is remedial mark.
The grade will become D: FM≥35, E: FM <35.
 Weekly Material MA1203 Business Mathematics II

Session Topic Subtopic Expected Competencies References

Student can calculate integral using
Numerical numerical method, error estimate, and
1. 14/1 ; 16/1 Numerical Method for Calculating Integral [4] Chap 6.4
Integration can apply it to calculate present and
future value
System of
Linear systems in n variables,, Gauss-Jordan Student can solve system of Linear [1] Chap 7,
2. 21/1 ; 23/1 Linear
method for system with unique solution equations by Gauss Jordan elimination [2] Chap 2.1-2
Equations

System of Student can solve underdetermined and

Gauss-Jordan method for overdetermined and [1] Chap 7,
3. 28/1 ; 30/1 Linear overdetermined system by Gauss–
underdetermined system [2] Chap 2.3
Equations Jordan method
Student understand about matrix and
Notations, Operations, Tanspositions, Special [1] Chap 8,
4. 4/2 ; 6/2 Matrices its operation and evaluate determinant
matrices, Determinant, Inverse Matrix [2] Chap 2.4-6
and inverse matrix
Student understand Leontief model and
[1] Chap 9/10,
5. 11/2 ; 13/2 Matrices Leontief Model, Eigen value/vector, can evaluate, eigen value/vector of
[2] Chap 2.7
matrices
What is Linear Programming, The Decision
Linear Variable, The objective function, The Student can formulate the linear
6. 18/2 ; 20/2 [2] Chap 3.1-2
Programming constraints, A General Linear Programming programming problems
Problem, and the graphical solution

Linear Solution using Algebraic Method: Simplex for Student can solve the linear
7. 25/2 ; 27/2 [2] Chap 4.1-2
Programming Standard Max Problem and Min Problem programming algebraically

First Order, Linear, Autonomous

Diference Student can solve certain first order
8. 4/3 ; 6/3 Homogeneous, Nonhomogeneous and Price [1] Chap 17, 18.1
Equations difference equations
Adjustment Model

9. 11/3 − 15/3 MidTerm Test: Week I − VII

Diference Second order difference equation with Student can solve certain second order
10. 18/3 ; 20/3 [1] Chap 20.1
Equations constant coefficient difference equations

First Order, Linear, Autonomous

Diferential Student can solve certain first order
11. 25/3 ; 27/3 Homogeneous, Nonhomogeneous and Price [1] Chap 21.1
Equations differential equations
Adjustment Model

Diferential Second order differential equation with Student can solve certain second order
12. 1/4 ; 8/4 [3] Chap 23.1
Equations constant coefficient differential equations

Finding roots of a polynomial, using graphical,

Student can find roots of a polynomial
13. 10/4 ; 15/4 Finding Roots bisection, fixed point iteration, and newton [3] Chap 5.1-2, 6.1-2
using certain methods
Raphson methods
Polynomial Interpolation: Newton’s Divided Student can perform interpolation to
14. 22/4 ; 29/4 Interpolation [3] Chap 18.1-2
Difference and Lagrange Methods solve problem

15. 6/5 – 10/5 Final Test: Week VIII-XV