Date of Award
Master of Science (MS)
The use of mathematics in the study of business management, economics and accounting is apparently becoming more and more relevant to the students of these chosen fields. Although many faculty members in these fields learned their mathematics in graduate school and therefore have seen the need for higher mathematics, students wonder why they have to take a course in higher mathematics.
In most instances the answer is not forthcoming in the math course itself. Mathematicians are not economists or accountants. The consequence of these simple facts is that the students conclude that mathematics is just an intellectual exercise that they must endure as a sort of initiation fee into their major field.
This paper is designed to be used by students of business management, accounting and economics in conjunction with the current textbook for Mathematics 203 which is Linear Algebra, Calculus, and Probability: Fundamental Mathematics for the Social and Management Sciences by Lloyd S. Emerson and Laurence R. Paquette. Hopefully, it will provide a medium of motivation for them and will kindle their interest in mathematics that can be applied in the fields of business management, economics and accounting.
In preparing the problems of each chapter, there has been one goal in mind. It is to illustrate, the application of the particular mathematical concepts presented in the 203 textbook to business management, economics and accounting.
The form employed to achieve this goal is to group the 12 chapters in the 203 course into 6 major areas in this paper. At the beginning of each of the 6 areas the corresponding 203 chapters are revealed with a short listing of the math concepts contained in those chapters. The problems will follow arranged in order
Gillet, John W., "Higher Mathematics Applied to Business Decisions" (1973). Theses and Dissertations. 5518.