Math117 Outline 201314
Course Outline MATH 117 Business Math Academic Year: 2013-2014
COURSE DESCRIPTION
This course is designed to provide students with knowledge of the fundamental principles and concepts of business mathematics, and to develop their abilities to apply these principles and concepts to solve practical business problems, particularly in marketing and in finance. This course includes a lab component. CREDIT WEIGHTING: 3 credits
TOTAL COURSE HOURS: 64 hours
TRANSFER OF CREDIT INFORMATION See Portage College’s website for course transferability.
PREREQUISITES/COREQUISITES: N/A
LEARNING OUTCOMES
By the end of this course the learner will be able to: 1. Calculate cost, pricing, and profit using ratios and percentages. 2. Calculate problems related to debt using simple and compound interest methods. 3. Calculate present value, future value, interest rate, time and payment using annuity formulas and a financial calculator. 4. Analyze debt repayment using amortization techniques. 5. Calculate the expected profitability of an investment proposal. 6. Perform calculations related to purchasing and retailing transactions. 7. Use calculators effectively and efficiently. COURSE TOPICS
I. Simple Interest II. Compound Interest III. Annuities
© Portage College, Lac La Biche (2013). All rights reserved -- Business Programs
1
Course Outline MATH 117 Business Math Academic Year: 2013-2014
IV. Debt Repayment
V. Financial Decision Techniques VI. Purchasing and Retailing Transactions COURSE TEXTS AND PRIMARY RESOURCES
Goodman, E. (2008). Business Mathematics 6th ed. Edmonton: Creative Learning Systems. Financial Calculator: Sharp EL-738 Supplemental Learning Resources/References None.
STUDENT ASSESSMENT Type of Assessment
Description of Assessment May Include Specific Criteria
Value
Labs (6)
20% 80% 100%
Tests (4)
PASSING LEVEL AND GRADING SCALE Word Descriptor Excellent
Good
Satisfactory
Poor Failure
Alpha Grade A+ A AB+ B BC+ C CD+ D F
4 Point Scale 4.0 4.0 3.7 3.3 3.0 2.7 2.3 2.0 1.7 1.3 1.0 0.0
Percentage Scale 90 100 85 89 80 84 76 79 73 75 70 72 67 69 64 66 60 63 55 59 50 54 0 49
© Portage College, Lac La Biche (2013). All rights reserved -- Business Programs
2
Course Outline MATH 117 Business Math Academic Year: 2013-2014
ADVANCED CREDIT/FORMAL LEARNING This course is eligible for Advanced Credit Assessment, assessing skills based on prior formal learning experiences taken at other educational institutions. Please consult the Registrar’s Office for further information or to submit transcripts for assessment.
PRIOR LEARNING ASSESSMENTS/LIFE EXPERIENCE This course is eligible for Prior Learning Assessment, assessing skills based on informal learning experiences through work experience, life experience and/or unstructured educational experiences. Please consult the Registrar’s office for further information or to arrange an assessment. This course is not eligible for Prior Learning Assessment. Please consult the Registrar’s Office for further information.
Authorization:
___________________________________ Coordinator
__________________________ Date
___________________________________ Dean
___________________________ Date Approved
DISTRIBUTION: Original (retained in Dean’s office) Registrar’s Office (filed on ‘S’ Drive)
Dean
Coordinator
Moodle Site
Dated: Dec 4/12
© Portage College, Lac La Biche (2013). All rights reserved -- Business Programs
3
COURSE DESCRIPTION
This course is designed to provide students with knowledge of the fundamental principles and concepts of business mathematics, and to develop their abilities to apply these principles and concepts to solve practical business problems, particularly in marketing and in finance. This course includes a lab component. CREDIT WEIGHTING: 3 credits
TOTAL COURSE HOURS: 64 hours
TRANSFER OF CREDIT INFORMATION See Portage College’s website for course transferability.
PREREQUISITES/COREQUISITES: N/A
LEARNING OUTCOMES
By the end of this course the learner will be able to: 1. Calculate cost, pricing, and profit using ratios and percentages. 2. Calculate problems related to debt using simple and compound interest methods. 3. Calculate present value, future value, interest rate, time and payment using annuity formulas and a financial calculator. 4. Analyze debt repayment using amortization techniques. 5. Calculate the expected profitability of an investment proposal. 6. Perform calculations related to purchasing and retailing transactions. 7. Use calculators effectively and efficiently. COURSE TOPICS
I. Simple Interest II. Compound Interest III. Annuities
© Portage College, Lac La Biche (2013). All rights reserved -- Business Programs
1
Course Outline MATH 117 Business Math Academic Year: 2013-2014
IV. Debt Repayment
V. Financial Decision Techniques VI. Purchasing and Retailing Transactions COURSE TEXTS AND PRIMARY RESOURCES
Goodman, E. (2008). Business Mathematics 6th ed. Edmonton: Creative Learning Systems. Financial Calculator: Sharp EL-738 Supplemental Learning Resources/References None.
STUDENT ASSESSMENT Type of Assessment
Description of Assessment May Include Specific Criteria
Value
Labs (6)
20% 80% 100%
Tests (4)
PASSING LEVEL AND GRADING SCALE Word Descriptor Excellent
Good
Satisfactory
Poor Failure
Alpha Grade A+ A AB+ B BC+ C CD+ D F
4 Point Scale 4.0 4.0 3.7 3.3 3.0 2.7 2.3 2.0 1.7 1.3 1.0 0.0
Percentage Scale 90 100 85 89 80 84 76 79 73 75 70 72 67 69 64 66 60 63 55 59 50 54 0 49
© Portage College, Lac La Biche (2013). All rights reserved -- Business Programs
2
Course Outline MATH 117 Business Math Academic Year: 2013-2014
ADVANCED CREDIT/FORMAL LEARNING This course is eligible for Advanced Credit Assessment, assessing skills based on prior formal learning experiences taken at other educational institutions. Please consult the Registrar’s Office for further information or to submit transcripts for assessment.
PRIOR LEARNING ASSESSMENTS/LIFE EXPERIENCE This course is eligible for Prior Learning Assessment, assessing skills based on informal learning experiences through work experience, life experience and/or unstructured educational experiences. Please consult the Registrar’s office for further information or to arrange an assessment. This course is not eligible for Prior Learning Assessment. Please consult the Registrar’s Office for further information.
Authorization:
___________________________________ Coordinator
__________________________ Date
___________________________________ Dean
___________________________ Date Approved
DISTRIBUTION: Original (retained in Dean’s office) Registrar’s Office (filed on ‘S’ Drive)
Dean
Coordinator
Moodle Site
Dated: Dec 4/12
© Portage College, Lac La Biche (2013). All rights reserved -- Business Programs
3
