Course Outline
Course Name: Essentials of Business Math (BMTH 010)
Academic Period: 2023 - 2024
Faculty:
Faculty Availability:
Associate Dean:
Mike Wells
mike.wells@humber.ca
Schedule Type Code:
Land Acknowledgement
Humber College is located within the traditional and treaty lands of the Mississaugas of the Credit. Known as Adoobiigok [A-doe-bee-goke], the “Place of the Alders” in Michi Saagiig [Mi-Chee Saw-Geeg] language, the region is uniquely situated along Humber River Watershed, which historically provided an integral connection for Anishinaabe [Ah-nish-nah-bay], Haudenosaunee [Hoeden-no-shownee], and Wendat [Wine-Dot] peoples between the Ontario Lakeshore and the Lake Simcoe/Georgian Bay regions. Now home to people of numerous nations, Adoobiigok continues to provide a vital source of interconnection for all.
Equity, Diversity and Inclusion Statement
Humber College and the University of Guelph-Humber (Humber) are leaders in providing a learning, working and living environment that recognizes and values equity, diversity and inclusion in all its programs and services. Humber commits to reflect the diversity of the communities the College serves. Students, faculty, support and administrative staff feel a sense of belonging and have opportunities to be their authentic selves.
| Faculty or Department | Faculty of Liberal Arts & Sciences |
|---|---|
| Course Name: | Essentials of Business Math (BMTH 010) |
| Pre-Requisites | none |
| Co-Requisites | none |
| Pre-Requisites for | none |
| Equates | none |
| Restrictions | none |
| Credit Value | 3 |
| Total Course Hours | 56 |
| Developed By: | Prepared By: | Approved by: | |
|---|---|---|---|
| Mike Wells |
Humber Learning Outcomes (HLOs) in this course.
The HLOs are a cross-institutional learning outcomes strategy aimed at equipping Humber graduates with the employability skills, mindsets, and values they need to succeed in the future of work. To explore all the HLOs, please consult the Humber Learning Outcomes framework.
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Critical Thinking -
Communication -
Strategic Problem-Solving
Course Description
This course covers the basic skills required to comprehend the essentials of business mathematics. Topics include a review of basic arithmetic and algebra, break-even and cost-volume-profit analysis, mathematics of merchandising and simple interest.
Course Rationale
This is an introductory course in Mathematics designed to provide students with the mathematical skills that they will need in their career including arithmetic operations, algebra, graphing of linear equations, formulas, and their associated applications.
Course Learning Method(s)
- Problem Based Learning (PBL)
- Socratic Method
- Lecture
- Online
Course Learning Outcomes (CLO)
| Learning Outcome | Learning Objectives | Summative Assessments | Formative Assessments |
|---|---|---|---|
| Perform arithmetic operations on numbers in the correct order |
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| Perform computations and solve practical word problems using fractions |
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| Calculate the simple arithmetic average and weighted average of a set of values to find a single value that represents a collection of numbers |
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| Simplify algebraic expressions and formulas involving exponents through arithmetic operations |
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| Evaluate algebraic expressions using substitution |
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| Convert percents to equivalent fractions and decimals to solve related applications (payroll, commissions, sales tax and property tax problems) |
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| Utilize the rectangular coordinate system to perform break-even and cost-volume-profit analyses |
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| Solve basic application-based problems related to trade discounts and mark up using percent and arithmetic operations |
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| Solve basic application-based problems related to simple interest rate using percent and arithmetic operations |
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| Solve currency conversion, commission and, taxes problems using ratios and proportions |
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Assessment Weighting
| Assessment | Weight |
|---|---|
| Test | |
| Test 1 | 25% |
| Test 2 | 25% |
| Test 3 | 25% |
| Quiz | |
| Quizzes and/or Assignments | 25% |
| Total | 100% |
Modules of Study
| Module | Course Learning Outcomes | Resources | Assessments |
|---|---|---|---|
| Module 1: Review of Basic Arithmetic, Rounding Numbers, Fractions, Percent, Portion, Rate, Decimals, Order of Operations. |
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2.2 – 1-11 odd, 2.3 – 1(a,b,c,d), 3, 5, 7, 9, 11, 2.4 – 1-13 odd |
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| Module 2: Review of Basic Algebra, Simplification of Algebraic Expressions, Solving Algebraic Equations, Exponents, Formula Rearrangement and Substitution. |
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2.5 – 1, 3, 6, 7, 9, 12, 13, 2.6 – 1, 2, 3, 8, 10 |
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| Module 3: Percent Change; Average; Weighted Average. |
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3.2 – 1-13 odd, 3.3 – 1-4, 7, 8, 11 |
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| Module 4: Ratios and Proportions, Applications. |
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3.4 – 1-15, 4.2 – 1, 2, 3, 4, 4.3 – 1-6 |
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| Module 5: Introduction to Rectangular Coordinate System; Break-even and Cost-Volume-Profit Analysis. |
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5.2 -1, 9, 12, 5.3 -1-11 odd |
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| Module 6: Mathematics of Merchandising; Trade Discounts, Discounts; Markup. |
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6.2 – 1-11 odd, 6.3 – 1-4 all and 5-13 odd |
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| Module 7: Calculate the Amount of Simple Interest; Calculate Principal, Rate, Time, and Maturity Value. |
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8.1 – 1-15 odd ,8.2 -1-4 all and 5-13 odd |
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Required Resources
| Title | ISBN |
|---|---|
Students enrolled in online sections of the course may be required to come to campus to write the tests and exams. |
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Olivier, J. P. Business Math: A Step-by-Step Handbook Version 2019 Revision A. Universal ID: 0332a801-f8be-4df2-8849-aebaabd9a386 available at https://math.libretexts.org/Bookshelves/Applied_Mathematics/Business_Math_(Olivier)
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Supplemental Resources
| Title | ISBN |
|---|---|
|
Daisley, L. T. K., & Mackay, L. (2021). Mathematics of Business and Finance, third edition. Vretta.
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Resource(s):
Course material costs can be found through the Humber Bookstore.
Additional Tools and Equipment
- Texas Instruments - BA II Plus Calculator
Essential Skills
| Section | Skills | Measurement | Details |
|---|---|---|---|
| Numeracy |
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Teach and measure |
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| Critical Thinking and Problem-Solving |
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Teach and measure |
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| Communication |
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Teach and measure |
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Prior Learning Assessment & Recognition (PLAR)
Prior Learning Assessment and Recognition (PLAR) is the formal evaluation and credit-granting process whereby candidates may obtain credits for prior learning. Prior learning includes the knowledge competencies and skills acquired, in both formal and informal ways, outside of post-secondary education. Candidates may have their knowledge, skills and competencies evaluated against the learning outcomes as defined in the course outline. Please review the Assessment Methods Glossary for more information on the Learning Portfolio assessment methods identified below.
The method(s) that are used to assess prior learning for this course may include:
- Challenge Exam (results recorded as a % grade and added to student’s CGPA)
Please contact the Program Coordinator for more details.
Academic Regulations
It is the student's responsibility to be aware of the College Academic Regulations. The Academic Regulations apply to all applicants to Humber and all current students enrolled in any program or course offered by Humber, in any location. Information about academic appeals is found in the Academic Regulations.
Anti-Discrimination Statement
At Humber College, all forms of discrimination and harassment are prohibited. Students and employees have the right to study, live and work in an environment that is free from discrimination and harassment. If you need assistance on concerns related to discrimination and harassment, please contact the Centre for Human Rights, Equity and Inclusion or the Office of Student Conduct.
Accessible Learning Services
Humber strives to create a welcoming environment for all students where equity, diversity and inclusion are paramount. Accessible Learning Services facilitates equal access for students with disabilities by coordinating academic accommodations and services. Staff in Accessible Learning Services are available by appointment to assess specific needs, provide referrals and arrange appropriate accommodations. If you require academic accommodations, contact:
North Campus: (416) 675-6622 X5090
Lakeshore Campus: (416) 675-6622 X3331
Academic Integrity
Academic integrity is essentially honesty in all academic endeavors. Academic integrity requires that students avoid all forms of academic misconduct or dishonesty, including plagiarism, cheating on tests or exams or any misrepresentation of academic accomplishment.
Disclaimer
While every effort is made by the professor/faculty to cover all material listed in the outline, the order, content, and/or evaluation may change in the event of special circumstances (e.g. time constraints due to inclement weather, sickness, college closure, technology/equipment problems or changes, etc.). In any such case, students will be given appropriate notification in writing, with approval from the Senior Dean (or designate) of the Faculty.
Copyright
Copyright is the exclusive legal right given to a creator to reproduce, publish, sell or distribute his/her work. All members of the Humber community are required to comply with Canadian copyright law which governs the reproduction, use and distribution of copyrighted materials. This means that the copying, use and distribution of copyright- protected materials, regardless of format, is subject to certain limits and restrictions. For example, photocopying or scanning an entire textbook is not allowed, nor is distributing a scanned book.
See the Humber Libraries website for additional information regarding copyright and for details on allowable limits.
Humber College Institute of Technology and Advanced Learning • 2023/2024.