Learning Management System
Topic
Syllabus
The subject is divided into several major chapters. Upon completion of this subject students would be expected to have acquired a broad understanding of mathematical principles and an appreciation of mathematics as a logical and coherent subject. Students are also expected to:i) develop an ability to analyse problems logically, ii) recognise when and how a situation may be represented mathematically, iii) identify and interpret relevant factors and where necessary, iv) select an appropriate mathematical method to solve the problem. Chapter 1 : Financial Mathematics i) ii) iii) iv) v) Simple and Compound interest. Nominal and effective (annual percentage) rate of interest. Present value and future values of annuities. Present value of perpetuities as well as deferred annuities. Loan Repayment using Amortisation and Sinking Fund methods. Investment appraisal techniques: Net Present Value (NPV) and Internal Rate of Return (IRR)
Chapter 2 : Differentiation i) ii) iii) iv) Rules of differentiation Gradient of a curve. Tangent line and normal line Distinguish between maximum and minimum points.
Chapter 3 : Integration i) ii) iii) iv) Reverse process of differentiation. Forms of integration ( log and exponential terms will not be tested ) Establish equation of a curve. Evaluate definite integrals to find the area under the curve.
Chapter 4 : Calculus i) ii) iii) iv) v) vi) Formulate total cost, revenue and profit functions. Determine the break even points. Establish quantity of items produced or sold to obtain maximum or minimum profit / revenue. Sketch graphs of total cost, revenue and profit functions. Compute value of point (price) elasticity of demand. Obtaining revenue and cost equations when marginal revenue and marginal cost equations are given
Last update: 30th December 2012
Learning Management System
Chapter 5: Matrix i) ii) iii) iv) Addition and Subtraction of Matrices Multiplication of Matricies Inverse of Matrices Using matrix to solve simultaneous equations
Chapter 6 : Linear Programming i) ii) iii) Formulating the contraints and the objective function Drawing the graph and obtaining the feasible region Using the graph to obtain the optimal production schedule
Last update: 30th December 2012