INTERNATIONAL ISLAMIC UNIVERSITY MALAYSIA

COURSE OUTLINE
Kulliyyah

Economics & Management Sciences

Department

Economics

Programme

Bachelor of Economics/Bachelor of Business

Administration/Bachelor of Accounting

Name of Course / Mode

Business Mathematics

Course Code

ECON 1150

Name (s) of Academic

staff / Instructor(s)

Prof Dr Zarinah Hamid

Assoc. Prof Dr Selamah Abdullah Yusuf
Assist. Prof Dr Alias Mat Derus
Assoc. Prof Dr Rafia Afroz

Rationale for the

inclusion of the course /
This is a required course for all students in the Kulliyyah
module in the programme
Semester and Year
Offered

Semesters I & II

Status

Core

Level

Proposed Start Date

Semester I, 2015/2016

Batch of Student to be
Affected

Semesters I & II

Credit Value / Hours

Pre-requisites (if any)

Nil

Final Exam

30

ExamMid-Term

Formal
Assessment

Others

34

Independent
Learning
Assignments

Quizzes

Total Student Learning

Time (SLT)

Lecture

Face to
Face

40

Total Guided and

Independent
Learning

120

Co-requisites (if any)

Course Objectives

Learning Outcomes

Nil
The objectives of this course are to:
1. Provide students with basic mathematical principles,
techniques and tools.
2. Introduce students to applications of mathematics in
economics, business and accounting.
Upon completion of this course, students should be able to:
1. Identify the relevant mathematical operations and techniques
to solve a particular problem.
2. Perform mathematical operations and techniques related to
functions and matrices.
3. Interpret and relate mathematical concepts to economics,
business and accounting problems.
4. Apply the mathematical concepts and offer solutions to
economics, business and accounting problems.
Skills
Basic concepts on
mathematics

Transferable Skills:

Solve economic
problems
Team-work and
communications

Teaching-Learning and
assessment strategy

How they are

developed
Class discussions
Lectures
Class discussions
Lectures

Group discussions

T&L/ Assessment
Strategies
Teaching-learning
strategies
Assessment strategies

Course Synopsis

Assessment method
Quizes, Exams and
Tests
Quizzes
Exams and Tests
Assignments

Description
Lectures and class discussions
Quizzes
Take Home Assignments
Test 1 &2
Final Exam

This course is designed for all first year students of KENMS. The
course will equip students with the basic mathematical tools and
foundation needed to comprehend other courses with quantitative
contents. Students are expected to refresh themselves with basic
functions and equations. Topics covered include matrix algebra,
2

differentiation, multivariate calculus, integration and linear

programming.
Mode of Delivery
Assessment Methods and
Type / Course Assessment
State weightage of each
type of assessment.

Lectures, tutorials, discussions

LO
1,2,3,4
1,2,3,4
1,2,3,4

Method
Quizzes+ assignment
Test 1 &2
Final Examination

%
10
40
50

Mapping of the course /

module to the programme
aims
Mapping of course / module to the Programme Learning Outcomes
Programme Outcomes
Learning Outcome of the course
O1

Identify the relevant mathematical

operations and techniques to solve a
particular problem.
Perform mathematical operations and
techniques related to functions and
matrices.
Interpret and relate mathematical
concepts to economics, business and
accounting problems.
Apply the mathematical concepts and
offer solutions to economics, business
and accounting problems.
Distinguish between Islamic
economic principles and conventional
economic principles

O2

O3

O4

O5

O6

O7

O8

O9

Q1010

Content outline of the course / module and the SLT per topic

Weeks

1,2

3,4,5

Topics
Review
Functions linear, quadratic, exponential,
logarithmic
Systems of linear equations
Applications of linear, quadratic, exponential
and logarithmic functions in business and
economics
Matrix Algebra
Matrices
Matrix operations
Solving systems of linear equations
Inverse of a Matrix
Applications, Leontief Input-Output Analysis
Differentiation
Derivatives as rates of change
Rules of differentiation: constant, power forms,
sums or difference, product, quotient and chain
rules.
Higher-order differentiation
Applications
Curve Sketching
Identification of maxima and minima
Second-derivative test
Applications
Additional differentiation Topics
Derivatives of logarithmic and exponential
functions
Implicit differentiation
Elasticity of demand
Applications
Multivariate Calculus
Functions of several variables
Partial derivatives
Applications

Learning
Hours

Task/Reading

Chapters. 1,2,5

11.5

Chapter 3

Chapter 9

Chapter 10

Chapter11

Chapter 14

10

11

12

13

14

Multivariate Calculus (continued...)

Higher-order partial derivatives
Optimisation of bivariate functions
Applications
Multivariate Calculus (continued...)
Optimisation subject to constraints Lagrange
multiplier method
Applications
Integration
Indefinite integral
Rules of integration
Definite integral: the fundamental theorem of
calculus
Area between curves
Integration
Applications of integration

Chapter14

Chapter 14

Chapters 12, 13

Chapters 12,13

Linear Programming
Linear inequalities in two variables
6
Graphical solutions
Applications
Quizes and assignments
14
Test 1 &2
20
Final exam
14.5
Main references supporting the course

Chapter 4

Required
Harshbarger, R.J. & Reynolds, J.J. (2012). Mathematical Applications for the Management, Life
and Social Sciences, 10th Edition, Brooks Cole Cengage Learning, USA.
Additional references supporting the course
Recommended
Abdullah-Yusof, S., Md Saad, N. & Hasan, S. (2005). Mathematical Analysis for Economics,
Business and Accounting. McGraw-Hill Malaysia.
Haeussler, E. F, Paul, R. S. and Wood, R., Introductory Mathematical Analysis for Business,
Economics and the Life and Social Sciences, 14th Edition, 2010, Prentice Hall.

Prepared by:
Assist. Prof Dr Alias Mat Derus
Course Coordinator
Department of Economics
Kulliyyah of Economics &
Management Sciences

Checked by:

Approved by:

Prof. Dr. Norma Bn Md Saad

Head
Department of Economics
Kulliyyah of Economics &
Management Sciences

Prof Dr. Maliah Sulaiman

Dean
Kulliyyah of Economics &
Management Sciences

At the end of the programme, Students are able to:

1. Demonstrate an understanding of economic knowledge both from

conventional and Islamic perspectives and awareness of contemporary

development of the discipline.
2.

Utilize quantitative and qualitative techniques and creative thinking to

solve economic problems.

3. Cooperate with others in providing solution to problem faced in

socially responsible manner for the progress of the nation and the
ummah.
4.

Knowledge

Practical Skills

Social skills and

Responsibilities

Demonstrate behavior consistent with professional ethics and Islamic

values.

Value,
Attitudes,
Professionalism

Demonstrate effective communication skills with mutual respect.

Communication

Develop, implement and evaluate basic strategies and action plan.

Problem
Solving and
Scientific Skill

5.

6.

7. Recognize the importance of continuing professional development

and changes in economics.

Information
Management
and Lifelong
Learning

8.

Be creative and innovative in managerial and entrepreneurial

endeavors.

Managerial and
Entrepreneurial

Demonstrate effective leadership skills imbued with Islamic value.

Leadership and
Team Skills

9.

10.

Islamisation of knowledge; integrating the values, principles, and

practices of Islam into the field of banking and finance

Islamisation
of Knowledge
(IOK)