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Module Title : BUSINESS MATHEMATICS
Module Code : DB010
Pre-Requisite : NIL
Module Duration : 3 HOURS
Course Instructor : MS. KOMLAVATHI
Contact No : 012-5117880 (9AM- 7PM)
Email Add : komlavathi@gmail.com/ komlavathi@raffles.edu.my
Weekly Module Outline:
Subject Introduction
Week 1
Part 1: Lecture 1 Whole Number, Decimals and Fractions
Basic Lecture 2 Measurements and Percentages Assignment 1 Brief
Week 2 (10%)
Mathematical Lecture 3 Equations
Skills Lecture 4 Break-even Analysis
Week 3
Lecture 5 Calculus
Lecture 6 Banking
Week 4 Lecture 7 Interest I: Simple Interest, Promissory
Part 2: Notes, Bank Discounts and Loans
Week 5 Mathematics Lecture 8 Interest II: Compound interest and Annuity Assignment 1 Due
Week 6 for Personal Midterm (30%) Midterm (30%)
Week 7 Lecture 9 Insurance and Investment
Lecture 10 Payroll Assignment 2 Brief
Week 8
(10%)
Week 9 Lecture 11 Trade and Cash Discounts
Week 10 Lecture 12 Markup and Markdown
Week 11 Part 3: Lecture 13 Inventory and Turnover
Week 12 Mathematics Lecture 14 Project Evaluations Assignment 2 Due
Week 13 for Business Lecture 15 Transportation Model
Lecture 16 Assignment Model
Week 14
Revision
Week 15 Study Break
Week 16 Final Exam (50%) Final Exam (50%)
COURSE EVALUATION
Course Title Assessment Framework Recommended Textbook(s)
DB010 Business Mathematics Assignment 20% Norlia Rashid, Noorul’ Ashikin & Lau Too
Mid-term Examination 30% Kya. (2014). Business Mathematics (2nd
Final Examination 50% ed.). Shah Alam: Oxford Fajar.
Southam, D. &. (2015). Contemporary
Business Mathematics for colleges.
South-Western: Cengage Learning.
RSG-ACAD-FR-001-v3.0 Page 1 of 17
LESSON PLAN
Week 1
Previous Knowledge
-
Learning Outcome(s)
Acquire the mathematical concepts and skills for everyday life, and for continuous learning in
mathematics and related disciplines.
Develop the process skills for the acquisition and application of mathematical concepts and skills.
Develop the mathematical thinking and problem solving skills and apply these skills to formulate and
solve problems.
Content Outline
Subject introduction, Attendance, assessment and marks policy.
1. Whole Number, decimals and fractions
1.1 Whole Number
1.1.1 Reading Whole Number
1.1.2 Rounding Numbers
1.1.3 Adding and Subtracting Numbers
1.1.4 Multiplying and Dividing Whole Numbers
1.1 Decimals
1.1.1 Reading and Rounding Decimals
1.1.2 Adding and Subtracting Decimals
1.1.3 Multiplying and Dividing Decimals
1.1.4 Converting between Decimals and Fractions
1.2 Fractions
1.2.1 Converting fractions
1.2.2 Reducing Fraction to Lowest terms
1.2.3 Rewriting Fraction in Higher terms
1.2.4 Adding and Subtracting Fractions
1.2.5 Multiplying and Dividing Fractions
Teaching Method
Lecture/discussion/tutorial based learning Problem based learning
Case based learning Portfolio based learning
Project based learning Competency based learning
Game/simulation/role play based learning Laboratory/studio based learning
Group work (collaborative) based learning Fieldwork Others
Teaching Aids
Whiteboard Mind Map Flipchart
Games Role play Rubric
Demonstration Computer simulation Power point/computer presentation
Concept design Video/DVD presentation Others
RSG-ACAD-FR-001-v3.0 Page 2 of 17
LESSON PLAN
Week 2
Previous Knowledge
Recap Lecture 1
Learning Outcome(s)
Acquire the mathematical concepts and skills for everyday life, and for continuous learning in
mathematics and related disciplines.
Develop the process skills for the acquisition and application of mathematical concepts and skills.
Develop the mathematical thinking and problem solving skills and apply these skills to formulate
and solve problems.
Content Outline
2. Measurements and Percentages
2.1 Basic Elements of the International System of Units (SI)
2.2 The Measurement of Length
2.3 Volume and Capacity Measures
2.4 Converting Decimals and Fractions to Percentages
2.5 Converting Percentages to Decimals and Fractions
2.6 Portion
2.7 Solving Percentage Problems
3. Equations
3.1 First Degree Equations
3.2 Second Degree Equations
3.3 Simultaneous Equations
3.4 The Use of Equations in Business
Assignment 1 Brief (10%)
Teaching Method
Lecture/discussion/tutorial based learning Problem based learning
Case based learning Portfolio based learning
Project based learning Competency based learning
Game/simulation/role play based learning Laboratory/studio based learning
Group work (collaborative) based learning Fieldwork Others
Teaching Aids
Whiteboard Mindmap Flipchart
Games Role play Rubric
Demonstration Computer simulation Powerpoint/computer presentation
Concept design Video/DVD presentation Others
RSG-ACAD-FR-001-v3.0 Page 3 of 17
LESSON PLAN
Week 3
Previous Knowledge
Recap Lecture 2 and 3
Learning Outcome(s)
Acquire the mathematical concepts and skills for everyday life, and for continuous learning in
mathematics and related disciplines.
Develop the process skills for the acquisition and application of mathematical concepts and skills.
Develop the mathematical thinking and problem solving skills and apply these skills to formulate
and solve problems.
Content Outline
4. Break-even Analysis
4.1 Break-even Point Analysis
4.2 Analysis BEP Using Algebra
4.3 Analysis Break-even Point using Graph
5. Calculus
5.1 Differentiation
5.2 Applications of Derivatives
5.3 Applications of Calculus in Economic and Business
Teaching Method
Lecture/discussion/tutorial based learning Problem based learning
Case based learning Portfolio based learning
Project based learning Competency based learning
Game/simulation/role play based learning Laboratory/studio based learning
Group work (collaborative) based learning Fieldwork Others
Teaching Aids
Whiteboard Mindmap Flipchart
Games Role play Rubric
Demonstration Computer simulation Powerpoint/computer presentation
Concept design Video/DVD presentation Others
Week 4
RSG-ACAD-FR-001-v3.0 Page 4 of 17
LESSON PLAN
Previous Knowledge
Recap Lecture 4 and 5
Learning Outcome(s)
Acquire the mathematical concepts and skills for everyday life, and for continuous learning in
mathematics and related disciplines.
Develop the process skills for the acquisition and application of mathematical concepts and skills.
Develop the mathematical thinking and problem solving skills and apply these skills to formulate
and solve problems.
Content Outline
1. Banking
1.1 Using Deposit Slips and Bank Checks
1.2 Using Checkbooks and Check Registers
1.3 Reconciling Bank Statements
2. Interest I: Simple interest, Promissory Notes, Bank Discount and Loans
2.1 Interest
2.2 Simple Interest
2.3 Promissory Notes and Bank Discount
2.4 Loans
Teaching Method
Lecture/discussion/tutorial based learning Problem based learning
Case based learning Portfolio based learning
Project based learning Competency based learning
Game/simulation/role play based learning Laboratory/studio based learning
Group work (collaborative) based learning Fieldwork Others
Teaching Aids
Whiteboard Mindmap Flipchart
Games Role play Rubric
Demonstration Computer simulation Powerpoint/computer presentation
Concept design Video/DVD presentation Others
Week 5
Previous Knowledge
Recap Lecture 6 and 7
RSG-ACAD-FR-001-v3.0 Page 5 of 17
LESSON PLAN
Learning Outcome(s)
Acquire the mathematical concepts and skills for everyday life, and for continuous learning in
mathematics and related disciplines.
Develop the process skills for the acquisition and application of mathematical concepts and skills.
Develop the mathematical thinking and problem solving skills and apply these skills to formulate
and solve problems.
Content Outline
3. Interest II: Compound Interest and Annuity
3.1 Compound Interest
3.2 Effective, Nominal and Equivalent Rates
3.3 Present Value
3.4 Equation of value
3.5 Continuous Compounding
3.6 Annuity
Assignment 1 Submission
Teaching Method
Lecture/discussion/tutorial based learning Problem based learning
Case based learning Portfolio based learning
Project based learning Competency based learning
Game/simulation/role play based learning Laboratory/studio based learning
Group work (collaborative) based learning Fieldwork Others
Teaching Aids
Whiteboard Mindmap Flipchart
Games Role play Rubric
Demonstration Computer simulation Powerpoint/computer presentation
Concept design Video/DVD presentation Others
RSG-ACAD-FR-001-v3.0 Page 6 of 17
LESSON PLAN
Week 6
Previous Knowledge
Recap Lecture 1-8
Learning Outcome(s)
Acquire the mathematical concepts and skills for everyday life, and for continuous learning in
mathematics and related disciplines.
Develop the process skills for the acquisition and application of mathematical concepts and skills.
Develop the mathematical thinking and problem solving skills and apply these skills to formulate
and solve problems.
Content Outline
Midterm Examination
Teaching Method
Lecture/discussion/tutorial based learning Problem based learning
Case based learning Portfolio based learning
Project based learning Competency based learning
Game/simulation/role play based learning Laboratory/studio based learning
Group work (collaborative) based learning Fieldwork Others
Teaching Aids
Whiteboard Mindmap Flipchart
Games Role play Rubric
Demonstration Computer simulation Powerpoint presentation
Concept design Video/DVD presentation Others
RSG-ACAD-FR-001-v3.0 Page 7 of 17
LESSON PLAN
Week 7
Previous Knowledge
Recap Lecture 1-8
Mid-Term Exam Deliberation
Learning Outcome(s)
Acquire the mathematical concepts and skills for everyday life, and for continuous learning in
mathematics and related disciplines.
Develop the process skills for the acquisition and application of mathematical concepts and
skills.
Develop the mathematical thinking and problem solving skills and apply these skills to
formulate and solve problems.
Content Outline
1. Insurance and Investment
1.1 Life and Medical Insurance
5.4 Health Insurance and Disability Insurance
5.5 Auto Insurance and Property Insurance
5.6 Bonds
5.7 Bonds Investment
5.8 Stocks
5.9 Mutual Funds
5.10 Real Estate
5.11 Retirement Investment
Teaching Method
Lecture/discussion/tutorial based learning Problem based learning
Case based learning Portfolio based learning
Project based learning Competency based learning
Game/simulation/role play based learning Laboratory/studio based learning
Group work (collaborative) based learning Fieldwork Others
Teaching Aids
Whiteboard Mindmap Flipchart
Games Role play Rubric
Demonstration Computer simulation Powerpoint presentation
Concept design Video/DVD presentation Others
RSG-ACAD-FR-001-v3.0 Page 8 of 17
LESSON PLAN
Week 8
Previous Knowledge
Recap Lecture 9
Learning Outcome(s)
Acquire the mathematical concepts and skills for everyday life, and for continuous learning in
mathematics and related disciplines.
Develop the process skills for the acquisition and application of mathematical concepts and skills.
Develop the mathematical thinking and problem solving skills and apply these skills to formulate
and solve problems.
Content Outline
6. Payroll
1.1 Calculating Gross Pay
1.2 Determining Payroll Deductions
1.3 Hourly Pay
1.4 Average Pay
1.5 Commission
1.6 Other Wage Plans
Assignment 2 Brief
Teaching Method
Lecture/discussion/tutorial based learning Problem based learning
Case based learning Portfolio based learning
Project based learning Competency based learning
Game/simulation/role play based learning Laboratory/studio based learning
Group work (collaborative) based learning Fieldwork Others
Teaching Aids
Whiteboard Mindmap Flipchart
Games Role play Rubric
Demonstration Computer simulation Powerpoint presentation
Concept design Video/DVD presentation Others
RSG-ACAD-FR-001-v3.0 Page 9 of 17
LESSON PLAN
Week 9
Previous Knowledge
Recap Lecture 6
Learning Outcome(s)
Acquire the mathematical concepts and skills for everyday life, and for continuous learning in
mathematics and related disciplines.
Develop the process skills for the acquisition and application of mathematical concepts and
skills.
Develop the mathematical thinking and problem solving skills and apply these skills to
formulate and solve problems.
Content Outline
7. Trade and cash Discount
1.7 Single Trade Discounts
1.8 Trade Discount Series
1.9 Determining Cash Discounts
Teaching Method
Lecture/discussion/tutorial based learning Problem based learning
Case based learning Portfolio based learning
Project based learning Competency based learning
Game/simulation/role play based learning Laboratory/studio based learning
Group work (collaborative) based learning Fieldwork Others
Teaching Aids
Whiteboard Mindmap Flipchart
Games Role play Rubric
Demonstration Computer simulation Powerpoint presentation
Concept design Video/DVD presentation Others
Week 10
Previous Knowledge
RSG-ACAD-FR-001-v3.0 Page 10 of
17
LESSON PLAN
Recap Lecture 11
Learning Outcome(s)
Acquire the mathematical concepts and skills for everyday life, and for continuous learning in
mathematics and related disciplines.
Develop the process skills for the acquisition and application of mathematical concepts and
skills.
Develop the mathematical thinking and problem solving skills and apply these skills to
formulate and solve problems.
Content Outline
8. Markup and Markdown
1.10 Markup
1.11 Markdown
1.12 Markup and Markdown in the Marketplace
Teaching Method
Lecture/discussion/tutorial based learning Problem based learning
Case based learning Portfolio based learning
Project based learning Competency based learning
Game/simulation/role play based learning Laboratory/studio based learning
Group work (collaborative) based learning Fieldwork Others
Teaching Aids
Whiteboard Mindmap Flipchart
Games Role play Rubric
Demonstration Computer simulation Powerpoint presentation
Concept design Video/DVD presentation Others
RSG-ACAD-FR-001-v3.0 Page 11 of
17
LESSON PLAN
Week 11
Previous Knowledge
Recap Lecture 12
Learning Outcome(s)
Acquire the mathematical concepts and skills for everyday life, and for continuous learning in
mathematics and related disciplines.
Develop the process skills for the acquisition and application of mathematical concepts and
skills.
Develop the mathematical thinking and problem solving skills and apply these skills to
formulate and solve problems.
Content Outline
9. Inventory, Turnover and Overhead
1.13 Inventory
1.14 Inventory turnover
1.15 Overhead
Teaching Method
Lecture/discussion/tutorial based learning Problem based learning
Case based learning Portfolio based learning
Project based learning Competency based learning
Game/simulation/role play based learning Laboratory/studio based learning
Group work (collaborative) based learning Fieldwork Others
Teaching Aids
Whiteboard Mindmap Flipchart
Games Role play Rubric
Demonstration Computer simulation Powerpoint presentation
Concept design Video/DVD presentation Others
RSG-ACAD-FR-001-v3.0 Page 12 of
17
LESSON PLAN
Week 12
Previous Knowledge
Recap Lecture 13
Learning Outcome(s)
Acquire the mathematical concepts and skills for everyday life, and for continuous learning in
mathematics and related disciplines.
Develop the process skills for the acquisition and application of mathematical concepts and
skills.
Develop the mathematical thinking and problem solving skills and apply these skills to
formulate and solve problems.
Content Outline
10. Project Evaluations
1.16 Capital Budgeting Factors
10.1 Factors Influencing Investment Decision
10.2 Project Evaluation Methods
Assignment 2 submission
Teaching Method
Lecture/discussion/tutorial based learning Problem based learning
Case based learning Portfolio based learning
Project based learning Competency based learning
Game/simulation/role play based learning Laboratory/studio based learning
Group work (collaborative) based learning Fieldwork Others
Teaching Aids
Whiteboard Mindmap Flipchart
Games Role play Rubric
Demonstration Computer simulation Powerpoint presentation
Concept design Video/DVD presentation Others
RSG-ACAD-FR-001-v3.0 Page 13 of
17
LESSON PLAN
Week 13
Previous Knowledge
Recap Lecture 14
Learning Outcome(s)
Acquire the mathematical concepts and skills for everyday life, and for continuous learning in
mathematics and related disciplines.
Develop the process skills for the acquisition and application of mathematical concepts and
skills.
Develop the mathematical thinking and problem solving skills and apply these skills to
formulate and solve problems.
Content Outline
11. Transportation Model
11.1 Transportation Model Concept
11.2 Initial Solution
11.3 Optimal Solution by stepping stone method
11.4 Unbalanced Transportation Problems
11.5 Degeneracy Problem
11.6 More than one optimal solution
Teaching Method
Lecture/discussion/tutorial based learning Problem based learning
Case based learning Portfolio based learning
Project based learning Competency based learning
Game/simulation/role play based learning Laboratory/studio based learning
Group work (collaborative) based learning Fieldwork Others
Teaching Aids
Whiteboard Mindmap Flipchart
Games Role play Rubric
Demonstration Computer simulation Powerpoint presentation
Concept design Video/DVD presentation Others
RSG-ACAD-FR-001-v3.0 Page 14 of
17
LESSON PLAN
Week 14
Previous Knowledge
Lecture 1-15
Learning Outcome(s)
Acquire the mathematical concepts and skills for everyday life, and for continuous learning in
mathematics and related disciplines.
Develop the process skills for the acquisition and application of mathematical concepts and
skills.
Develop the mathematical thinking and problem solving skills and apply these skills to formulate
and solve problems.
Content Outline
Revision in class from lecture 1 -15 and sample questions
12. Assignment Model
12.1 The Hungarian Method
12.2 Maximization Assignment Problem
12.3 Unbalanced Assignment Problems
Teaching Method
Lecture/discussion/tutorial based learning Problem based learning
Case based learning Portfolio based learning
Project based learning Competency based learning
Game/simulation/role play based learning Laboratory/studio based learning
Group work (collaborative) based learning Fieldwork Others
Teaching Aids
Whiteboard Mindmap Flipchart
Games Role play Rubric
Demonstration Computer simulation Powerpoint presentation
Concept design Video/DVD presentation Others
RSG-ACAD-FR-001-v3.0 Page 15 of
17
LESSON PLAN
Week 15
Previous Knowledge
Lecture 1-16
Learning Outcome(s)
Acquire the mathematical concepts and skills for everyday life, and for continuous learning in
mathematics and related disciplines.
Develop the process skills for the acquisition and application of mathematical concepts and
skills.
Develop the mathematical thinking and problem solving skills and apply these skills to formulate
and solve problems.
Content Outline
Student Self-revision
Teaching Method
Lecture/discussion/tutorial based learning Problem based learning
Case based learning Portfolio based learning
Project based learning Competency based learning
Game/simulation/role play based learning Laboratory/studio based learning
Group work (collaborative) based learning Fieldwork Others
Teaching Aids
Whiteboard Mindmap Flipchart
Games Role play Rubric
Demonstration Computer simulation Powerpoint presentation
Concept design Video/DVD presentation Others
RSG-ACAD-FR-001-v3.0 Page 16 of
17
LESSON PLAN
Week 16
Previous Knowledge
Lecture 1-16
Learning Outcome(s)
Acquire the mathematical concepts and skills for everyday life, and for continuous learning in
mathematics and related disciplines.
Develop the process skills for the acquisition and application of mathematical concepts and
skills.
Develop the mathematical thinking and problem solving skills and apply these skills to
formulate and solve problems.
Content Outline
Final Exam
Teaching Method
Lecture/discussion/tutorial based learning Problem based learning
Case based learning Portfolio based learning
Project based learning Competency based learning
Game/simulation/role play based learning Laboratory/studio based learning
Group work (collaborative) based learning Fieldwork Others
Teaching Aids
Whiteboard Mindmap Flipchart
Games Role play Rubric
Demonstration Computer simulation Powerpoint presentation
Concept design Video/DVD presentation Others
RSG-ACAD-FR-001-v3.0 Page 17 of
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