utilize the basic theory of differential calculus, and employ the techniques most often needed to derive first and secondderivative expressions of applied business functions.
This course provides a fundamental background for administrators in the public and private economic sectors, as well as a solid review of pre-MBA mathematics. Topics include linear and matrix algebra (with special emphasis on demand/supply and cost/revenue analysis) and differential calculus.
[X110 “Mathematics for Management”]
This course enhances each participant’s preparation for the employment of quantitative techniques applicable to any MBA or UCLA Certificate program. Successful completion of X110 signifies that a participant has demonstrated the ability to…
…develop linear models (equations) using the concept of slope and the point-slope equation form; and, verify model accuracy using Excel spreadsheet techniques.
…develop nonlinear models (equations) using Excel spreadsheet techniques.
…combine individual models into linear/nonlinear systems using Excel spreadsheet techniques; solve applied problems involving these systems; and, perform “break even“, “equilibrium”, optimization”, and “rate of change” analyses in business contexts like Cost/Revenue/Profit and Demand/Supply.
…utilize the basic theory of differential calculus, and employ the techniques most often needed to derive first and secondderivative expressions of applied business functions.
…employ first derivatives of applied business functions in “optimization” and “rate of change” contexts such as Profit/Revenue maximization, Cost/average Cost minimization, marginal Cost/Revenue/ Profit estimation, and Price Elasticity of Demand computations.