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MATH 042 - Advanced Business and Consumer Math
Course Details

Course Code:
MATH 042

Calendar Description:
The goal of Advanced Business and Consumer Mathematics is to provide the student with practical applications useful in future vocational training, careers, or personal life. This course satisfies the mathematics requirement at the Provincial level.

Date First Offered:
2006-09-01

Hours:
Total Hours: 120
Lecture Hours: 6

Total Weeks:
20

This course is offered online:
No

Pre-Requisites:
Grade 10 Mathematics; permission of the Instructor; or successful completion of ABE placement test

Non-Course Pre-Requisites:
None

Co-Requisites:
None

Rearticulation Submission:
No

Course Content:
Fundamental operations
- basic operations with whole numbers and decimals (without calculator support)
- cross-checking

Measurement
- linear, perimeter, area, volume, capacity, mass
- conversions

Fundamental Business Calculations
- ratio and proportion
- percentage
- simple interest calculations
- mark up and mark down
- equivalent rates

Personal Finance
- bank notes, discounts, proceeds
- credit procedures and terminology
- mortgages, amortization, equity
- property tax and insurance
- life insurance (types, premiums, etc.)
- vehicle insurance (collision, liability, adjustments)
- stocks (buying and selling, yield)

Business Applications
- payroll
-commission
- brokerage
- discounts (retail, cash, trade, single discount equivalent)

Investment Mathematics
-depreciation (straight line, fixed rate, etc.)
- compound interest
-annuities
- bonds (purchase and sale)

Learning Outcomes:
The student will demonstrate the ability to solve practical mathematical problems that have business and consumer applications.

Performance tasks:
The student will solve practical math problems involving basic operations, measurements, percentage, ratio and proportion using a variety of effective problem solving strategies.

The student will solve practical business and consumer-related math problems involving insurance, investments, taxes, and banking.

Skills:
- demonstrated use of accurate math vocabulary
- perform basic operations without calculator support
- round off answers
- cross-check to verify responses
- complete invoices
- choose appropriate formulae given application problems
- manipulate formulae
- extract useful information from charts and graphs
- employ problem solving strategies including estimation, pattern recognition, sketching, trial and error, checking, imagery, sequencing, talking aloud, and critical analysis
- determine useful information within a word problem

Technologies:
-use calculator functions including memory, parentheses, x/y function

Grading System:
Letters

Passing Grade:
D (50%)

Grading Weight:
Final Exam: 30 %
Assignments: 25 %
Participation: 5 %
Other: 40 %

Number of Assignments:
30

Percentage of Individual Work:
100

Course Offered in Other Programs:
No

Text Books:
Required - Miller, C., Salzman, S., & Clendenen, G., 2006, Business Mathematics (Don Mills). Chapters Covered: All
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