MATH 1071: Fundamentals of Mathematics for Business and Economics

This course is designed for Business and Economic students. Topics include the review of linear and non-linear functions and models (including cost, revenue, profit, demand and supply), solving linear and non-linear systems of equations, matrices, linear programming, difference equations and mathematics of finance (including simple and compound interest: discrete and continuous, annuities, mortgages, loans).

Learning outcomes

  • Understand and interpret functions as relations between two quantities in three basic mathe¬matics contexts: symbolic, numerical and graphical;
  • Develop critical thinking and problem-solving skills that enable a student to solve problems in a variety of applied situations;
  • Develop a knowledge base for applications of mathematics of finance.

Course topics

Unit 1: Using Algebraic Expressions and Equations

Unit 2: Lines, Parabolas, Systems, Exponential and Logarithmic Functions

Unit 3: Matrices and Linear Programming

Unit 4: Finance

Required text and materials

The following materials are required for this course:

  1. Haeussler, E. F., Paul, R. S., Wood, R. (2019). Introductory Mathematical Analysis for Business, Economics, and the Life and Social Sciences (14th ed.). Pearson
    Type: Textbook. ISBN: 9780134141107
  1. Haeussler, E. F., Paul, R. S., Wood, R. (2019). Student Solutions Manual for Introductory Mathematical Analysis for Business, Economics, and the Life and Social Sciences (14th ed.). Pearson
    Type: Textbook. ISBN: 9780134770406

Students will also receive the following as a PDF uploaded to the LMS:

  1. Goldstein, Schneider, Siegel. (2018). Chapter 12. In Finite Mathematics & Its Applications (12th ed.). Pearson ISBN: 9780134437767

Additional requirements

Students will need a scientific calculator; one which has operations for performing calculations with exponents and logarithms. These buttons have symbols like: “ex”, “log” and “ln”. Almost any scientific calculator will have these functions. Programmable calculators which enable you to store notes, or anything with a qwerty keyboard, will not be permitted to be used during the final exam (in particular, the graphing calculators so popular in high schools are not permitted). Your calculator is your friend! Use the same calculator for assignments which you will use for the final exam, so that you become familiar with its use.

Assessments

Please be aware that should your course have a final exam, students are responsible for the fee to the online proctoring service, ProctorU, or to the in person approved Testing Centre. Please contact exams@tru.ca with any questions about this.

To successfully complete this course, students must achieve a passing grade of 50% or higher on the overall course, and 50% or higher on the final mandatory exam.

Assignment 1 12.5%
Assignment 2 12.5%
Assignment 3 12.5%
Assignment 4 12.5%
Final Examination (mandatory) 50%
Total 100%

Open Learning Faculty Member Information

An Open Learning Faculty Member is available to assist students. Students will receive the necessary contact information at the start of the course.

Search To Top