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I. Basic Course Information
RARITAN VALLEY COMMUNITY COLLEGE
Business Math BUSI-161
Course Outline
A. Course Prefix and Title: BUSI-161 Business Math
B. Date: November 2004
C. Sponsoring Department: Business & Public Service Department
D. Semester Credit Hours: 3
E. Weekly Contact Hours: 3 Lecture 3
Laboratory 0
F. Prerequisites: None
G. Laboratory Fees: None
II.
Catalog Description
This course helps to enhance a student's analytical skills, while reinforcing basic
principles of arithmetic. In so doing, the student will develop a solid foundation and
apply their knowledge to problem solving techniques in disciplines most common to
the business environment. Areas of study include review of decimals, equations,
percentages, discounts and pricing, simple and compound interest, inventory,
depreciation, installment buying and business statistics.
III.
Statement of Course Need
This course is an essential element in a complete program to provide a student with the
minimum business skills and theoretical background in order to function effectively as a
responsible citizen and productive member of society.
IV.
Place of Course in College Curriculum
Required in AAS Accounting, AAS Marketing, AAS Business Management, A.A.S.
Paralegal
Free Elective
V. Course Outline
1 Whole Numbers
2 Fractions
3 Decimals
4 Banking
5 Solving Equations
6 Percents
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7 Discounts: Trade and Cash
8 Markups and Markdowns
9 Simple Interest
10 Promissory Notes and Discounts
11 Compound Interest and Present Value
12 Annuities and Sinking Funds
13 Installment Buying and Revolving Credit
14 Cost of Home Ownership
15 Financial Reports
16 Depreciation
17 Sales, Excise and Property Tax
18 Stocks, Bonds, and Mutual Funds
VI.
General Education Goals and Student Learning Outcomes
General Education Goals
Student will:
• Think critically to recognize the type of math problem. (G.E. 1)
• Identify the appropriate approach for solving the math problem. (G.E.1)
• Communicate the objective and means for solving a problem in own words. (G.E. 2)
• Identify how math concepts are used across disciplines as well as in personal
financial matters. (G.E. 4)
Student will be able to:
• Identify business math terms.
• Apply fundamental math concepts used in business situations
• Explain the effect compounding has in an investment and lending environment.
• Apply business math concepts to “consumer” matters.
• Outline costs involved in home ownership.
• Discuss with elements of a company’s balance sheet and income statement.
VII.
Modes of Teaching and Learning
Lecture/discussion
VIII.
Assessment Methods
Class participation
Interim examinations and final examination.
IX.
Grade Determination
The written exams and class participation will assess the students according to the
learning outcomes listed above.

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X. Suggested Materials
Textbook: Author (s): Slater
Title: Practical Bus. Math Procedures
Publisher: Irwin (McGraw Hill)
Edition: Latest
XI.
Resources
No special resources will be needed for this class.