GEST1001 / GEST001 – Quantitative Reasoning for Business
|Suggested Year of Study:||1|| |
|Offering Unit:||FBA – Department of Accounting and Information Management|
|Medium of Instruction||English|
This course aims at providing students a sound foundation in mathematics that is required for future courses in quantitative methods and economics, as well as for some business subjects. The course also discusses how to apply quantitative techniques in dealing with some business and economic problems. By exposing the students to various business and economic applications through a wide range of mathematical procedures, the students not only will get familiar with numerous business procedures that require the use of mathematics, but will also be able to use mathematics to solve some basic business problems.
Intended Learning Outcomes (ILO)
Upon successful completion of this course, students will be able to:
1. describe the more commonly used types of quantitative analyses;
2. apply techniques of differentiation (including product, quotient and chain rules) to compute the derivatives of functions built from polynomial, exponential, and logarithmic expressions;
3. apply derivatives to solve applied problems in optimization, related rates, and marginal analysis;
4. use definite integrals to compute area under a curve, total change, and average value;
5. apply appropriate mathematical reasoning to address problems in everyday life.