MBF101 - Mathematics of Business and Finance

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Last revision date May 25, 2020 1:11:28 AM
Last review date Jun 9, 2020 9:49:27 AM

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.

Academic Integrity
Seneca upholds a learning community that values academic integrity, honesty, fairness, trust, respect, responsibility and courage. These values enhance Seneca's commitment to deliver high-quality education and teaching excellence, while supporting a positive learning environment. Ensure that you are aware of Seneca's Academic Integrity Policy which can be found at: http://www.senecacollege.ca/about/policies/academic-integrity-policy.html Review section 2 of the policy for details regarding approaches to supporting integrity. Section 2.3 and Appendix B of the policy describe various sanctions that can be applied, if there is suspected academic misconduct (e.g., contract cheating, cheating, falsification, impersonation or plagiarism).

Please visit the Academic Integrity website http://open2.senecac.on.ca/sites/academic-integrity/for-students to understand and learn more about how to prepare and submit work so that it supports academic integrity, and to avoid academic misconduct.

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 Accessibility Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.