MBF101 - Mathematics of Business and Finance

Outline information
Semester
Schools offering this subject
Last revision date 2018-06-20 15:21:15.088
Last review date 2018-06-20 15:21:15.088

Subject Title
Mathematics of Business and Finance

Subject Description
This course provides students with the fundamentals of mathematics of business and finance.  Following the introduction of concepts of present and percent change, simple and compound interest rates will be discussed.  Compound interest rates will be applied to the study of annuities.  Students will also learn important models of business mathematics, such as currency conversion, trade discounts, markups and markdowns, break-even and cost-volume-profit analysis.

Credit Status
One credit for business diplomas.

Learning Outcomes
Upon successful completion of this subject the student will be able to:

  1. Determine the type of business mathematics and finance problem by analyzing terminology.
  2. Select a problem solving strategy, formula(s) and computational tools to solve business problems.
  3. Apply formula(s), computational tools and problem solving techniques to solve business and finance mathematics problems.
  4. Calculate the solution to business and finance mathematics problems, including percent, simple and compound interest, annuities and their applications.
  5. Explain the solution in the context of the problem.

Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.

To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on http://library.senecacollege.ca for further information regarding cheating and plagiarism policies and procedures.

Discrimination/Harassment
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecacollege.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.