University Business Math Worksheets

Which sets match your course code

University Business Math is not one course with one number. The material is split across different courses in the public calendars of Montreal universities, and each orders and weights it its own way. Find your code below for the sets that cover its material, then check your own outline for what your exam includes.

• MAT1002 — Functions for Business Models, Mathematics of Finance, Linear Inequalities and Linear Programming
• MATH 10600 — Functions for Business Models, Limits, Derivatives and Marginal Analysis, Differentiation Techniques and Elasticity, Curve Analysis and Business Optimization, Integral Calculus for Business
• MATH 10601 — Matrices and Input-Output Models, Linear Inequalities and Linear Programming
• MATH 10602 — Mathematics of Finance, Integral Calculus for Business
• MATH 122 — Functions for Business Models, Limits, Derivatives and Marginal Analysis, Differentiation Techniques and Elasticity, Integral Calculus for Business
• MATH 123 — Matrices and Input-Output Models, Linear Inequalities and Linear Programming, Counting and Probability
• MATH 208 — Functions for Business Models, Mathematics of Finance, Matrices and Input-Output Models, Linear Inequalities and Linear Programming, Counting and Probability
• MATH 209 — Mathematics of Finance, Limits, Derivatives and Marginal Analysis, Differentiation Techniques and Elasticity, Curve Analysis and Business Optimization, Integral Calculus for Business

What University Business Math covers

This is the mathematics a commerce or management program asks for in first year, and it is taught in two halves. The first half is finite mathematics: the linear, quadratic, exponential and logarithmic functions that model cost, revenue, demand and growth; the mathematics of finance, from simple interest to annuities, sinking funds and loan amortization; systems of equations solved by row reduction and by the inverse matrix, with the input-output model of an economy; graphical linear programming in two variables; and counting and probability up to conditional probability and independence. Most of the work is turning a business situation into the right equation before solving it.

The second half is a first course in calculus, built around business questions rather than geometry. Limits and the derivative lead straight to marginal cost, revenue and profit; the differentiation rules lead to related rates and the elasticity of demand; curve analysis leads to maximum profit and minimum average cost; and the integral closes the course with net change, consumer and producer surplus, and the Lorenz curve with the Gini index. There are no trigonometric functions anywhere, and substitution is the only integration technique.

The course stands on Secondary 5 mathematics only. It is a first calculus course that runs beside CEGEP Calculus I and II rather than after them, so limits and derivatives are taught from the start. Determinants, vectors, and lines and planes in space belong to the CEGEP Linear Algebra sets; random variables, distributions and inference belong to University Introductory Statistics. The courses that carry this material at university split it differently — some teach the finite half and the calculus as two courses, some pair matrices with probability, and some add a separate integral calculus course. The list of course codes on this page says which sets each one covers.