ISLT179 Business MathematicsIstanbul Okan UniversityDegree Programs International FinanceGeneral Information For StudentsDiploma SupplementErasmus Policy StatementNational Qualifications
International Finance
Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

General course introduction information

Course Code: ISLT179
Course Name: Business Mathematics
Course Semester: Fall
Course Credits:
Theoretical Practical Credit ECTS
4 0 4 8
Language of instruction: TR
Course Requisites:
Does the Course Require Work Experience?: No
Type of course: Compulsory
Course Level:
Bachelor TR-NQF-HE:6. Master`s Degree QF-EHEA:First Cycle EQF-LLL:6. Master`s Degree
Mode of Delivery: Face to face
Course Coordinator : Assoc. Prof. AYNUR PALA
Course Lecturer(s): Assoc. Prof. AYNUR PALA
Course Assistants:

Course Objective and Content

Course Objectives: This course is designed to provide first-year students with a mathematical foundation to be utilised in economics, business and related areas.
Course Content: Basic algebraic operations, first and second order equations and inequalities; equation and inequality systems; first and second order graphs; concept of function; applications of functions; limits and continuity; differentiation; derivatives; partial derivatives; integration; definite integral.

Learning Outcomes

The students who have succeeded in this course;
Learning Outcomes
1 - Knowledge
Theoretical - Conceptual
1) Apply problem solving to functions of variables, and equation and inequality systems;
2) Apply the concepts of limit, differentiation, and integration in the related areas.
2 - Skills
Cognitive - Practical
1) Use their knowledge of basic mathematical concepts in economics, business, and the related studies;
2) Utilise and interpret algebraic tools such as graphs and tables;
3 - Competences
Communication and Social Competence
Learning Competence
Field Specific Competence
Competence to Work Independently and Take Responsibility

Lesson Plan

Week Subject Related Preparation
1) Introduction and Basic Concepts None
2) Algebraic Expressions, Factoring Reading, Exercises
3) Linear and Quadratic Equations Reading, Exercises
4) Linear and Quadratic Inequalities Reading, Exercises
5) Functions Reading, Exercises
6) Coordinate System and Graphs of Functions Reading, Exercises
7) Graphs of Inequalities Reading, Exercises
8) Systems of Equations and Inequalities Reading, Exercises
9) Limits and Continuity Reading, Exercises
10) Basic Concepts of Derivatives Reading, Exercises
11) Chain Rule, Higher-order Derivatives Reading, Exercises
12) Applications of Derivatives Reading, Exercises
13) Indefinite Integration Reading, Exercises
14) Definite Integration Reading, Exercises

Sources

Course Notes / Textbooks: Barnett, R.A., Ziegler M.R. and Byleen, K.E. (201) Calculus for Business, Economics, Life Sciences, and Social Sciences, 13th ed., London, New York: Pearson Prentice Hall.
References: Barnett, R.A., Ziegler M.R. and Byleen, K.E. (2019) Calculus for Business, Economics, Life Sciences, and Social Sciences, 14th ed., London, New York: Pearson Prentice Hall.

Pearson MyLabsPlus for Mathematics for Business
https://okan-mlpui.openclass.com/home?origin=direct#/tab/active
Some video links to support the teaching and learning process, e.g.:
https://www.khanacademy.org/math

Sosyal Bilimlerde Matematik, Erkan Işığıçok, 2013, Ezgi Kitabevi

Course-Program Learning Outcome Relationship

Learning Outcomes

1

2

3

4

Program Outcomes
1) Explain the essential body of knowledge in the area of banking and insurance, including evolution of the discipline, the state-of-the-art concepts, scientific methodology, theories and models.
1) -explain the essential body of knowledge in the area of banking and insurance, including evolution of the discipline, the state-of-the-art concepts, scientific methodology, theories and models.
2)  employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions.
2) Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions.
3)  recognize and assess legal environment in banking and insurance industries
3) Recognize and assess legal environment in banking and insurance industries.
4) Explain ongoing operational and managerial methods in banking and insurance industries.
4)  explain ongoing operational and managerial methods in banking and insurance industries.
5) Discover and create entrepreneurial opportunities and expertise to successfully establish and develop their own ventures.
5)  discover and create entrepreneurial opportunities and expertise to successfully establish and develop their own ventures.
6)  develop the capacity to assess current global economic issues.
6) Develop the capacity to assess current global economic issues.
7)  express he role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management.
7) Translate and explain the content of the documents written in English related to the field .
8)  translate and explain the content of the documents written in English related to the field .
8) Express he role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management.
9) Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society.
9)  identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society.

Course - Learning Outcome Relationship

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) Explain the essential body of knowledge in the area of banking and insurance, including evolution of the discipline, the state-of-the-art concepts, scientific methodology, theories and models.
1) -explain the essential body of knowledge in the area of banking and insurance, including evolution of the discipline, the state-of-the-art concepts, scientific methodology, theories and models.
2)  employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions.
2) Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions.
3)  recognize and assess legal environment in banking and insurance industries
3) Recognize and assess legal environment in banking and insurance industries.
4) Explain ongoing operational and managerial methods in banking and insurance industries.
4)  explain ongoing operational and managerial methods in banking and insurance industries.
5) Discover and create entrepreneurial opportunities and expertise to successfully establish and develop their own ventures.
5)  discover and create entrepreneurial opportunities and expertise to successfully establish and develop their own ventures.
6)  develop the capacity to assess current global economic issues.
6) Develop the capacity to assess current global economic issues.
7)  express he role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management.
7) Translate and explain the content of the documents written in English related to the field .
8)  translate and explain the content of the documents written in English related to the field .
8) Express he role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management.
9) Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society.
9)  identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society.

Learning Activity and Teaching Methods

Peer Review
Expression
Individual study and homework
Lesson
Group study and homework
Reading
Homework
Problem Solving
Q&A / Discussion
Web Based Learning

Assessment & Grading Methods and Criteria

Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing)
Homework
Application
Observation

Assessment & Grading

Semester Requirements Number of Activities Level of Contribution
Attendance 14 % 5
Homework Assignments 10 % 15
Midterms 2 % 40
Final 1 % 40
total % 100
PERCENTAGE OF SEMESTER WORK % 60
PERCENTAGE OF FINAL WORK % 40
total % 100

Workload and ECTS Credit Grading

Activities Number of Activities Duration (Hours) Workload
Course Hours 14 4 56
Study Hours Out of Class 14 5 70
Homework Assignments 13 2 26
Quizzes 5 1 5
Midterms 2 12 24
Final 1 20 20
Total Workload 201