MATH70012
Mathematics for Business
Sheridan
 
  I: Administrative Information   II: Course Details   III: Topical Outline(s)  Printable Version
 

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Section I: Administrative Information
  Total hours: 42.0
Credit Value: 3.0
Credit Value Notes: N/A
Effective: Fall 2017
Prerequisites: N/A
Corequisites: N/A
Equivalents: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Business
Program Coordinator(s): N/A
Course Leader or Contact: N/A
Version: 20170905_00
Status: Approved (APPR)

Section I Notes: This course is offered in two different versions. A face-to-face classroom version and an online version. For the on-campus course, the sessions may include a variety of interactive and engaging activities including discussions, workshops, group activities, role plays, case studies and presentations. Readings, video, and podcasts may be provided online, on Sheridan's Learning and Teaching Environment (SLATE), to support class activities and reinforce material covered during class sessions. Assignment details will be provided in class and on SLATE. Students will need reliable access to the internet. For the online course, all instruction is delivered through a Learning Management System. None of the classes occur on-campus but students may be required to write mid-term and final exams on-campus. Online learning often involves assigned weekly readings, research, assignments, quizzes, journal writing and discussion boards. Some courses may include live online class sessions which will involve learner participation. Students will need reliable access to a computer and the internet.

 
 
Section II: Course Details

Detailed Description
Develop the ability to perform mathematical operations and to apply mathematical techniques to a wide range of business problems. Begin with the mathematics of merchandising, a review of simple interest, followed by compound interest and applications. A computer with internet access is required to complete homework assignments. Access to the Open Access Labs at the Davis or Trafalgar Campus is available if needed.

Program Context

 
Business Program Coordinator(s): N/A
This is a core course in the Business Certificate offered through the Faculty of Continuing and Professional Studies.


Course Critical Performance and Learning Outcomes

  Critical Performance:
By the end of this course, students will have demonstrated the ability to use mathematical principles to solve business problems, in the areas of mathematics of merchandising, simple interest and compound interest.
 
Learning Outcomes:

To achieve the critical performance, students will have demonstrated the ability to:

  1. Use mathematical principles and procedures to enhance his/her ability to make business decisions.
  2. Compute retail applications such as trade and cash discounts, markups and markdowns.
  3. Explain the difference between simple and compound interest.
  4. Distinguish among future value and present value applications.
  5. Explain nominal, effective and equivalent rates of interest.
  6. Compare different interest rates.
  7. Compute the future value, the present value, the interest rate, and the time of a business application/investment.
  8. Describe strategies to be applied in problem solving.
  9. Explain how the problem solving skills learned in this course would apply to other business applications involving quantitative and non-quantitative situations.
  10. Explain the importance of numeracy problem solving and critical thinking skills in everyday life.

Evaluation Plan
Students demonstrate their learning in the following ways:

 Evaluation Plan: ONLINE
 Online Lab Assignments30.0%
 Online Quizzes30.0%
 Test Comprehensive*40.0%
Total100.0%

Evaluation Notes and Academic Missed Work Procedure:
The Comprehensive Test must be completed in-person at the Davis Campus in Brampton. Students must pass the test with a minimum grade of 50% in order to pass this course.



Evaluation Plan: IN-CLASS
 Test #115.0%
 Test #225.0%
 Test #320.0%
 Test #425.0%
 Online Assignments15.0%
Total100.0%

Evaluation Notes and Academic Missed Work Procedure:
Students must pass the test with a minimum grade of 50% in order to pass this course.

Provincial Context
The course meets the following Ministry of Colleges and Universities requirements:


 

Prior Learning Assessment and Recognition
PLAR Contact (if course is PLAR-eligible) - Office of the Registrar
Students may apply to receive credit by demonstrating achievement of the course learning outcomes through previous relevant work/life experience, service, self-study and training on the job. This course is eligible for challenge through the following method(s):

  • Challenge Exam
    Notes:  

 
 
Section III: Topical Outline
Some details of this outline may change as a result of circumstances such as weather cancellations, College and student activities, and class timetabling.
Print Instruction Mode Professor Applicable Student Group(s)
In-Class Multiple Professors Faculty of Continuing and Professional Studies In-Class students.
Online Multiple Professors Faculty of Continuing and Professional Studies Online students.

Sheridan Policies

It is recommended that students read the following policies in relation to course outlines:

  • Academic Integrity
  • Copyright
  • Intellectual Property
  • Respectful Behaviour
  • Accessible Learning
All Sheridan policies can be viewed on the Sheridan policy website.

Appropriate use of generative Artificial Intelligence tools: In alignment with Sheridan's Academic Integrity Policy, students should consult with their professors and/or refer to evaluation instructions regarding the appropriate use, or prohibition, of generative Artificial Intelligence (AI) tools for coursework. Turnitin AI detection software may be used by faculty members to screen assignment submissions or exams for unauthorized use of artificial intelligence.

Course Outline Changes: The information contained in this Course Outline including but not limited to faculty and program information and course description is subject to change without notice. Nothing in this Course Outline should be viewed as a representation, offer and/or warranty. Students are responsible for reading the Important Notice and Disclaimer which applies to Programs and Courses.


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