Apply algebraic, exponential, and logarithmic functions, and matrices to business scenarios.
|Business Algebra Fundamentals
Students will apply algebraic techniques such as algebraic expressions, equations, and inequalities to model business scenarios. They will learn to model and identify curves using data arising from business scenarios and be able to analyze these graphs to help solve business problems as well as make predictions. Students may work on multiple business scenarios and utilize concepts from coordinate geometry, polynomial functions, and quadratic functions.
Required text: Larson, R. College algebra with applications for business and the life sciences. 1st Edition (2007). Brooks Cole: Boston, MA.
|Money in the Bank: Application of Exponential and Logarithmic Functions
This course has five parts. In the first four parts, students will need to evaluate different options such as placing money in a savings account or a certificate of deposit (CD). When evaluating different investment options, students are expected to consider several factors such as interest rate, compounding periods (quarterly, monthly, or daily), and length of the contracts. Students will need to apply exponential and logarithmic functions to determine the best savings plan. Students will analyze options, compare them, graph them, and make calculations to determine the best investment options for their money. In the fifth part, students will be required to summarize their understanding of investing in terms of rates, compounding, and length of contract in the form of a written paper.
Required text: Stalder, S. and P. Martin. College algebra. 1st Edition (2016). (Materials provided with project.)
|Application of Algebraic Methods to Model and Solve Business Problems
Students will be provided with several different business scenarios such as choosing the most cost-effective cell phone plans, analyzing the revenue of a sports team based on stadium capacity and ticket sales, and comparing job offers from multiple companies. For each scenario, students need to decide how to model them using algebraic methods, identify the best method to solve the algebraic models, and apply appropriate solution methods to solve the business problems. Students are expected to use algebraic models based on systems of equations and matrices.
Required text: Stadler, S. and P. Martin. Developmental & intermediate algebra combined text. (Materials provided with project.)