## Mathematics for Business and Economics

MATH-1324

**Fall 2011**

08/22/2011 - 12/11/2011

## Course Information

**Section 009**

*Lecture*

TTh 10:30AM - 11:50AM

PIN1 612

Charlene Madrigal

cmadriga@austincc.edu

(512) 223.1790 x25200

## Office Hours

No office hours have been entered for this term.

## Course Requirements

**MATH 1324.029
Mathematics for Business and Economics
Fall, 2011**

**Instructor: Charlene Madrigal **

TTh: 10:35-11:50

PIN: Room 612

Synonym: 36523

Office: Room 607

Office Hours: TTh: 1:20-3:00 or by appt.

Voice Mail: 223-1790, Ext. 25200

E-mail: cmadriga@austincc.edu (this is the best way to communicate with me)

Attached you will find:

1. Class syllabus

2. Assignment Sheet

3. Calendar for the semester

COURSE DESCRIPTION

MATH 1324 MATHEMATICS FOR BUSINESS AND ECONOMICS (3-3-0) A course in finite mathematics for business students including sets, basic algebraic properties, linear equations and inequalities, functions and graphs, the exponential and logarithmic functions, the mathematics of finance, systems of linear equations and matrices, linear inequalities and linear programming, the simplex method, and an introduction to probability. Prerequisites: MATD 0390 or satisfactory score on the ACC Assessment Test. Credit can be earned for only one of MATH 1324 or BUA 2103. (MTH 1643)

REQUIRED TEXTS/MATERIALS

The required textbook for this course is:

Finite Mathematics, by Barnett, Ziegler, and Byleen 12th ed. (Prentice-Hall) ISBN 321614011,

Text including MyMath Lab ISBN 321709039 My Math Lab Course ID: acc55167

Calculator:

Students need either a scientific or business calculator. If you cannot purchase one, they are available from the library. Graphing calculators are encouraged, but their use may be restricted on the graphing test. Most ACC faculty are familiar with the TI family of graphing calculators. Hence, TI calculators are highly recommended for student use. Other calculator brands can also be used. Your instructor will determine the extent of calculator use in your class section.

COURSE EVALUATION/GRADING SYSTEM

Time:

You cannot learn mathematics by only watching someone else work and discuss concepts and problems. This course will require you to read the chapter and answer the exercises that are assigned at the end of each section. As a general rule of thumb, you should allocate 3 hours of study time for each hour in class. A steady pace must be maintained throughout the semester. Do not wait until the night before a test to try to master all of the homework and concepts. Since this is a 3-hour course & we are condensing a 16-week semester into 5 ½ weeks, the pace will be brisk and we will be covering a great deal of material. Don’t let yourself get behind as this is a course built on previous concepts. From my experience the students who seem to experience the most difficulty in a math class are those who do not come to class and who do not keep up with the daily work. I’m not trying to scare you, just offer advice based on experience. If you are having difficulty in the first few classes you should come by my office to discuss this with me.

Communication:

A good way to communicate with me is through email at cmadriga@austincc.edu, especially if you are having problems or cannot make it to class for some reason. In the event of bad weather, fires, or other extenuating circumstances, I will communicate t0 the class through Blackboard. If you have never used it, it can be found at the ACC home page on the right lower portion of the page. Just click on the prompt, input your student ID and password and follow the prompts. I will post your test grades as soon as possible after a test and I will also post your quiz average at the end of the semester.

Testing:

The accompanying calendar will indicate that there will be four tests plus the comprehensive final. Tests will be taken in class. If for some reason you cannot take a test on the designated day, there will not be a make-up. Instead you will take the comprehensive final on the last class day. If you have not missed a test, then the comprehensive final is optional. No notes are used on tests. You will need to discuss or email me if you do miss a test. If you miss more than one test you and I will need to discuss the individual situation. Each test will be weighted equally in computation of your grade. I do not drop any test grades.

Quizzes:

There will be about ten homework quizzes covering previous material. One quiz grade will be dropped, but there are no make-up quizzes. At the end of the semester the quizzes will be averaged and will count as one test grade. Notes and homework may be used on quizzes. They will cover material from previous class lectures. The quizzes will average as a test grade.

Homework:

Homework is an essential part of learning mathematics. I intend for homework to serve as a learning device. You are encouraged to check your own work and please ask question in class to clarify problems. I have an assignment sheet attached behind the syllabus. Homework will be collected before each test, spot-checked and will count as 10 extra points per testing unit completed. Again from my experience, students who do the homework are generally prepared for the tests and subsequently score much better. Be sure to show your work when doing your assignments.

Grading Scale:

Your tests plus your quiz average (counting as a test grade) will be averaged together. Each one will be weighted equally. In other words, you will have 5 test grades.

A 100-90

B 89-80

C 79-70

D 69-60

F below 60

Class Participation:

I encourage you to ask questions. If you are having problems with a concept, be assured that you are probably not alone. I like to do a question/answer session at the beginning of each class, but feel free to ask questions and contribute to the lecture.

Incomplete Grade Policy:

Incomplete grades (I) will be given only in very rare circumstances. Generally, to receive a grade of "I", a student must have taken all examinations, be passing, and after the last date to withdraw, have a personal tragedy occur which prevents course completion.

Attendance Policy:

Attendance is required in this course. Students who miss more than 4 classes may be withdrawn although I make no commitment to do so. Generally, this is your decision. Hopefully the lectures will offer you a great deal of help in the course.

Withdrawal Policy:

It is the student's responsibility to initiate all withdrawals in this course. I may withdraw students for excessive absences (4) but make no commitment to do this for the student. After the last day to withdraw, Thursday, November 17, 2011, neither the student nor the instructor may initiate a withdrawal. Keep in mind if you began college on or after fall, 2007, you are only allowed 6 withdrawals from courses during your college career.

INSTRUCTIONAL METHODOLOGY:

This course is taught in the classroom primarily as a lecture/discussion course.

COURSE RATIONALE:

This course is required in certain degree plans, such as Accounting, Computer Information Systems and Economics. For some students, this is the first half of a two-semester finite mathematics/business calculus sequence. This is also a preparation course prior to taking two semesters of business calculus, although the preferred preparation for two semesters of business calculus is MATH 1314. Finally, some students take this course as a general mathematics elective.

COMMON COURSE OBJECTIVES: Mathematics for Business and Economics has five main mathematical topics: functions, matrices, linear programming, probability and statistics. The objectives of the course are for students not only to know the mathematics of these concepts, but also to be able to apply the concepts to analyze and interpret information in business and financial application problems.

1. Identify the basic graphs and properties of polynomial, rational, exponential, and logarithmic functions. Apply the knowledge of functions to business applications such as simple, compound or continuous compound interest, ordinary annuities, finding the maximum or minimum for quantities which are quadratic functions, and finding break even points.

2. Perform basic operations with matrices, and use matrix methods to solve systems of linear equations. Apply the knowledge of matrices to business problems such as inventory, production, and total cost.

3. Use geometric method to solve linear programming problems. Interpret information as an objective function with constraints, set up the linear programming problem, solve the problem and interpret the result in the context of the problem.

4. Use basic counting techniques and calculate probabilities, including conditional probabilities. Apply the mathematical knowledge of probability to business problems and interpret the results.

5. Calculate measures of central tendency and measures of dispersion. Apply the mathematical skills to problems in various business settings and interpret the results.

Course-Specific Support Services: Sometimes sections of MATH 0163(1-0-2) are offered. The lab is designed for students currently registered in Business Calculus and Applications I, MATH 1425. It offers individualized and group setting to provide additional practice and explanation. This course is not for college-level credit. Repeatable up to two credit hours. Students should check the course schedule for possible offerings of the lab class.ACC main campuses have Learning Labs which offer free first-come, first-serve tutoring in mathematics courses. The Learning Lab for Pinnacle is located in Room 600. Hours are: M-Th, 8am to 8pm; F, 9am to 3pm. They are not open on the weekends. For other locations, contact information and hours of availability of the Learning Labs are posted at: http://www.austincc.edu/tutor

Statement on Students with Disabilities: Each ACC campus offers support services for students with documented physical or psychological disabilities. Students with disabilities must request reasonable accommodations through the Office of Students with Disabilities on the campus where they expect to take the majority of their classes. Students are encouraged to do this two weeks before the start of the semester.

Students who are requesting accommodation must provide the instructor with a letter of accommodation from the Office of Students with Disabilities (OSD) at the beginning of the semester. Accommodations can only be made after the instructor receives the letter of accommodation from OSD.

Statement on Scholastic Dishonesty: Acts prohibited by the college for which discipline may be administered include scholastic dishonesty, including but not limited to, cheating on an exam or quiz, plagiarizing, and unauthorized collaboration with another in preparing outside work. Academic work submitted by students shall be the result of their thought, work, research or self-expression. Academic work is defined as, but not limited to, tests, quizzes, whether taken electronically or on paper; projects, either individual or group; classroom presentations; and homework.

Statement on Scholastic Dishonesty Penalty: Students who violate the rules concerning scholastic dishonesty will be assessed an academic penalty that the instructor determines is in keeping with the seriousness of the offense. This academic penalty may range from a grade penalty on the particular assignment to an overall grade penalty in the course, including possibly an F in the course. ACC's policy can be found in the Student Handbook under Policies and Procedures or on the web at:

http://www.austincc.edu/handbook

Statement on Academic Freedom: Institutions of higher education are conducted for the common good. The common good depends upon a search for truth and upon free expression. In this course the professor and students shall strive to protect free inquiry and the open exchange of facts, ideas, and opinions. Students are free to take exception to views offered in this course and to reserve judgment about debatable issues. Grades will not be affected by personal views. With this freedom comes the responsibility of civility and a respect for a diversity of ideas and opinions. This means that students must take turns speaking, listen to others speak without interruption, and refrain from name-calling or other personal attacks.

Statement on Student Discipline: Classroom behavior should support and enhance learning. Behavior that disrupts the learning process will be dealt with appropriately, which may include having the student leave class for the rest of that day. In serious cases, disruptive behavior may lead to a student being withdrawn from the class. ACC's policy on student discipline can be

found in the Student Handbook under Policies and Procedures or on the web at: http://www.austincc.edu/handbook

TESTING CENTER POLICY: ACC Testing Center policies can be found at: http://www.austincc.edu/testctr/ The Testing Center at Pinnacle Campus is located in Room 706. Hours are: M-Th, 9am to 8pm, F, 8am to 4pm. They are not open on the weekend. You will only need to use the Testing Center if you miss a test. You will need your ACC photo ID in order to take a test in the center.

STUDENT SERVICES: The web address for student services is: http://www.austincc.edu/support The ACC student handbook can be found at: http://www.austincc.edu/handbook/

NOTE TO STUDENTS

A steady pace must be maintained throughout the semester in order to complete all required topics in a thorough manner. Students experiencing a great deal of difficulty in Sections 1.2and 2.1 through 2.3 should review (on their own) Appendices A or should consider taking MATD 0390 (Intermediate Algebra) before returning to this course. Students who discover difficulty during the first class of the semester should consider changing their registration during late registration to MATD 0390. Students who remain in the course but need additional assistance should consider registering for the supplemental lab course (MATH 0161). Students also have access to walk-in tutoring at the Learning Lab.

**Math 1324.009
Assignment Sheet
Fall, 2011**

**Instructor: Charlene Madrigal**

Please note: Changes in the calendar, schedule and assignments may occur during the semester. Changes will be announced in class.

Test One

Chapters 1.2, 4 & 5.1-3

1.2/5,7,9,13,19,23,27,59

4.1/1,5,9,13,17,23,29,33,35,45,51,57

4.2/1,3,5,7,9,13,17,25,29,33,39,45,53

4.3/1,5,9,11,15,17,25,229,37,41,47,63

4.4/1,5,9,21,23,29,35,41,45,49,53,61,65

4.5/1,7,11,15,19,27,31,35,43,47,57

4.6/1,5,9,13,17,21,25,29,43a,49

4.7/1,3,7,13,17

5.1/1,5,15,19,23,27,31,37,43

5.2/1,5,9,15,19,21,29,31

5.3/1,3,5,7,9,

Test Two

Chapters 6.1, 7 & 8.1-3

6.1/1,5,7,9,

7.2/1,3,5,7,9,11,13,15,25,29,33,43,47,49,55,73,75,77,79,81

7.3/1,5,7,13,15,17,19,21,25,27,29,35,37,41,45,49,51,57,59,61

7.4/1,5,11,13,21,25,57,31,33,37,39,41,61,65

8.1/3,5,7,9,11,13,15,19,23,27,31,35,37,39,42,47,49,51,61,77,81

8.2/1,3,5,7,9,11,13,19,21,27,31,33,35,39,41,51,53,57,71,73,81

8.3/1,3,5,7,9,13,17,23,25,31,35,37,39,51,59,63,65

8.5/1,3,5,7,13,17,19,21,23,27,41,43

Test Three

Chapters 11, 1.2, & 2.1

11.2/1,3,5,7,13,17,21

11.3/1,3,5,11,13,17

11.4/1,3,5,13,15,19,25,31,33,45,53,59

11.5/1,5,7,9,11,13,19,29,39,41,53,59

1.2/31,37,41,43,45,47,49,51,53,55,57,61,63,65,67,69

2.1/1,5,9,13,15,17,21,23,25,29,33,39,43,45,47,49,51,53,55,59,63,65,67,69,86,89,96,101,103,107,117,121

Test Four

Chapters 2.2-5 & 3

2.2/1,5,9,11,21,23,27,37,41,43,63,69

2.3/1,3,5,7,11,15,19,21,23,25,29,31,35,41,47,53,59,61

2.4/1,3,7,15,21,29,33,39,43,45,47,49,51,53,57,61,63,67,75

2.5/1,3,5,7,11,13,15,17,19,21,23,25,27,31,33,37,39,53,59,61,65,67,69,71,758,93,95

3.1/1,5,9,11,13,15,19,23,33,35,39,45,51

3.2/3,9,15,19,21,27,31,33,35,43,45,47,53,59,61,63,67,73,77

3.3/3,9,13,17,21,25,31,33,43,45

3.4/1,9,13,17,21,23,25,29,39,41,49

Final Exam Comprehensive