BCOC-134 Business Mathematics and Statistics

By Dr. Anupriya Pandey and Prof. M.S.S Raju | Indira Gandhi National Open University

Learners enrolled: 2399

As an owner or manager of a business enterprise you need to manage money and take decisions on the basis of accurate estimates which require everyone to know mathematics and statistics. This course is divided into two parts Business Mathematics (Part A) and Statistics (Part B). Part A enables the students to know the financial formulas, fractions; measurements involved in interest calculation, hire rates, salary calculation, tax calculation etc. which help complete business tasks efficiently. Whereas, Part B enables the learners to make various kinds of analysis on the basis of accurate estimates that helps a business to deal with uncertainties by forecasting seasonal, cyclic and general economic fluctuations.

Summary

Course Status :	Completed
Course Type :
Duration :	15 weeks
Category :	Commerce
Credit Points :	6
Level :	Undergraduate
Start Date :	15 Aug 2022
End Date :
Exam Date :

Page Visits

Course layout

BCOC-134: Business Mathematics and Statistics
Weeks	e-Content (PDFs/e-Books)
Part-A: Business Mathematics
Week-1: Matrices	Unit-1: Introduction to Matrices
Week-2: Determinants	Unit-2: Determinants
Week-3: Inverse Matrix	Unit-3: Inverse of Matrices
Week-4: Mathematical Functions	Unit-4: Application of Matrices in Business and Economics; Unit-5: Mathematical Functions
Week-5: Differential calculus	Unit-6: Limit and Continuity
Week-6: Differentiation-1	Unit-7: Concept of Differentiation
Week-7: Differentiation-2	Unit-8: Maxmima and Minimima of Functions; Unit-9: Application of Derivatives
Week-8: Basic Mathematics of Finance	Unit-10: Interest Rates; Unit-11: Compounding and Discounting
Part-B: Business Statistics
Week-9: Univariate Analysis-1	Unit-12: Introduction to Statistics; Unit-13: Measures of Central Tendency
Week-10: Univariate Analysis-2	Unit-14: Measures of Dispersion
Week-11: Bivariate Analysis-1	Unit-15: Simple Linear Correlation
Week-12: Bivariate Analysis-2	Unit-16: Simple Linear Regression
Week-13: Time Based Data Analysis-1	Unit-17: Index Numbers
Week-14: Time Based Data Analysis-2	Unit-18: Time Series Analysis

Books and references

IGNOU SLM (BCOC 134)

Instructor bio

Dr. Anupriya Pandey and Prof. M.S.S Raju

Indira Gandhi National Open University

Instructor has 15 years of experience in teaching, training, research and consultancy. Special area of interest is entrepreneurship. She has contributed in the area of marketing by way of teaching, writing research papers and writing self instructional reading materials. She has conducted several National/International training programmes for teachers and trainers which includes two weeks National Faculty Development Program (FDP) in entrepreneurship supported by NSTEDB, Department of Science and Technology, Government of India and six weeks International Faculty Development Programme (FDP) in Entrepreneurship, sponsored by Indian Technical and Economic Cooperation (ITEC), Ministry of External Affairs, Government of India, New Delhi as Programme Director . Gave consultancy to MSMEs as an Enterprise Development Specialist, Cluster Development Initiatives, IL&FS.

Started teaching career from December, 1984 as a Lecturer in conventional university, taught UG Courses 14 years 6 months. Joined in IGNOU in May, 1999. Presently, having 34 years 6 months teaching experience. Published 15 articles /research papers, edited 35 units, written one book and seven units, revised 36 units, developed programme guide for M.Com (IDT), guided one Ph.D. and one M.Phil, supervising 5 Ph.Ds and 1 M.Phil. Attended 16 Seminars/Conferences, attended 11 Training Programmes as Resource Person, Member of about 60 Committees. Worked as Academic Coordinator, NSS Programme Officer, Examination Incharge, Member of admission, Student Grievances, Disciplinary and Sports & Cultural Committees in the previous institutions. In IGNOU worked as Director, Academic Coordination Division and presently working as Registrar, MPDD (additional Charge). Active involvement in Community/Corporate activities during the entire service there is no cases/enquiry pending or contemplated. Passionate to bring the change/innovations for further improvement wherever I get the opportunity to deliver the duties and responsibilities. I always pro-active to take up the challenges for betterment of the institution.

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