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Business Administration Courses

  • Quantitative Analysis for Business





Quantitative Analysis for Business

341-Introduction to Business Mathematics introduces the students to basic mathematical tools. The topics included are elements of algebra, matrices, linear equations etc.

342-Mathematics for Business includes basic concepts in algebra, differential and integral calculus. Mathematics of finance introduces the concepts of time value of money and annuity and their application in capital budgeting.
Prerequisite: 341

343-Elements of Statistics gives the student a clear concept of the statistical methods of deriving stable relationships from mass data. The specific study areas include methods of data collection, frequency distribution, measure of central tendency and dispersion, and weighted averages and random probability theory.
Prerequisite: 341

440-Statistics and Mathematics for Management is taught with two objectives in mind (1) to enable students to acquire basic knowledge of Mathematics and Statistics, which is necessary to pursue a study program in business administration; (2) to prepare students for advanced work in quantitative business analysis. The topics covered are functions and graphs, linear and quadratic equation, logarithm, algebra, elements of differential and integral calculus, frequency distribution, ratios and percentages, and index numbers.

443-Statistical Inference gives the student a clear understanding of application of statistical procedure in business decision making. The topics included are probability theory, estimation, hypothesis testing, linear correlation theory and its applications and analysis of variance.
Prerequisite: 343/440

442-Operations Research gives advance treatment to linear programming, mathematical modelling and simulation. The application in the Pakistani business and office environment is also explored. The course discusses inventory and production problems and explores associated solutions.
Prerequisite: 342/440

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