SYLLABUS 
                       INTRODUCTION TO MATHEMATICS FOR ECONOMICS AND 
                                                                  BUSINESS 
                                                                      Writer: 
                                               Askar Mohammed Ali Garad, M.Sc. 
                               International Program for Islamic Economics and Finance (IPIEF) 
                                                    Faculty of Economics and Business 
                                        Universitas Muhammadiyah Yogyakarta - June 2020 
                    
                    1      Name of Course /                Introduction Mathematics for Economic and Business 
                           Module  
                    2      Course Code                     EI6407 
                    3      Credit Value                    3 credit hours 
                                                           To refresh the students capacity concerning the pure 
                                                           mathematics knowledge, introduce the application  of 
                    4      Objective                       mathematics to the economics concept, to improve the 
                                                           analysis skill  in economic through  mathematical approach 
                                                           and methods. 
                                                           1.  Students could be able to analyze the economics 
                                                               problem  through mathematical  approach and methods. 
                    5      Learning Outcomes               2.   Student able to delivering  the economics point  of view 
                                                               into written and oral, hence, the students are able to 
                                                               utilize  mathematical  concept to facilitate the works for 
                                                               economic analysis 
                                                           The study concerns the analysis  using pure mathematics 
                    6      Synopsis                        applied  in economics and business problems,  including  the 
                                                           usefulness in economic analysis and business decision 
                                                           making. 
                                                           1.  Ian Jacques. Mathematics for Economics and Business. 
                                                               Addison-Wesley,  New York [IAN] 
                                                           2.  Alpha Chiang and Kevin Wainwright.  2005. 
                    7      References                          Fundamental Methods of Mathematical Economics. 
                                                               Fourth Ediction.  Mc Graw-Hill  Book. Inc. New York 
                                                               [CH] 
                                                           3.  JOURNALS 
                    8      Lecturer                        Askar Mohammed Ali Garad, M.Sc. 
                    9      Correspondence                  Email:  askar2005.55@gmail.com, askargarad@umy.ac.id 
                                                           WA/Cellphone:  +6282242341415 
                    10   Consultation  time                By appointment 
                                                           Competency Test 1 & 2 : 70% 
                                                           Homework: 10% ;  
                    11   Academic Evaluation               Attendance: 10%; 
                                                           Group participation  : 10% 
                                                           TOTAL 100% 
                    
                                                                        TOPICS 
                                                                  Mathematics 1  
                                                                             Topic:  1 
                                                                        Linear equations 
                     
                                                                             Topic:  2 
                                                                     Non-linear  equations 
                     
                                                                            Topic:  3 
                                                                   Mathematics of finance 
                                                                            Topic:  4 
                                                                         Differentiation 
                                                                                 
                                                                            Topic:  5 
                                                                            Matrices 
                     
                   NO. TOPIC                                              SECTIONS                                             No. Meeting 
                                     INTRUDECTION & PLAN STUDY                                                                         1  
                                                                                  
                                     Section 1.1: Introduction to algebra 
                   TOPIC 1:          Section 1.2: Further algebra  
                      Linear         Section 1.3: Graphs of linear equations                                                           3  
                    Equations        Section 1.4: Simultaneous linear equations 
                                     Section 1.5: Supply and demand analysis 
                                                                                  
                   TOPIC 2:          Section 2.1: Quadratic functions 
                   Non-linear        Section 2.2: Revenue, Cost and Profit                                                             3   
                    Equations        Section 2.4: The exponential  and natural logarithm functions 
                                                                                  
                                     Competency Test 1                                                                                 1  
                                     Section 3.1: Percentages                     
                  TOPIC 3:           Section 3.2: Compound Interest 
                  Mathematic         Section 3.3: Geometric Series                                                                     2  
                  s of Finance       Section 3.4: Investment Appraisal 
                                                                                  
                   TOPIC 4:          Section 4.1: The derivative of a function 
                  Differentiati      Section 4.2: Rules of differentiation                                                             3  
                        on           Section 4.3: Marginal functions 
                                     Section 4.4: Further rules of differentiation 
                                                                                  
                   TOPIC 5:          Section 3.1: Basic matrix operations                                                              2  
                    Matrices         Section 3.2: Matrix inversion 
                                                                                  
                                     Competency Test 2                                                                                 1  
                                                   TOTAL OF MEETINGS                                                                  16 
                     
              
             Rules of class meeting: 
              
                1.  Attendance point  is measured from the percentage of students’ attendance for 18 
                   meetings. Formal letter is needed for students who skip the class, however, if there is 
                   no any formal letter or other documents to support the statement of the students, they 
                   are regarded as absent. 
                2.  Late attendance is not favorable. If the student come late to the class more than 15 
                   minutes,  it considered as an absent. 
                3.  Competency test 1 to 4 are based on the previous material courses which delivered  3 
                   to 4 times before the test. This point of assessment is expected to nurture integrity  and 
                   independency  of the students 
                4.  Plagiarism  and any kind of cheating during  the test is strictly  prohibit.  If proven, 
                   students will  considered failed for the competency test which carried out during  the 
                   period. 
                5.  Students are not allowed  to skip any competency test and if it is happen, it will 
                   immediately  considered as failure for the subject and earn “E” the transcript 
                6.  Students are allow  to propose make up competency test, but it will  be held once 
                   during 
                   this subject delivered in this semester. 
                7.  Grading  system as follows: 
              
              
                              Grading and Weight            Interval (%) 
                                       A                      80 - 100 
                                      AB                     75≤ AB <79 
                                       B                     70≤ B <74 
                                      BC                     60≤ BC <69 
                                       C                     50≤ C <59 
                                       D                     40≤ D <49 
                                       E                        < 40