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Business Math for Managers OPMT 3510

Operations Management Course

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International Fees

International fees are typically three times the amount of domestic fees. Exact cost will be calculated upon completion of registration.

Course details

This course discusses mathematics of finance concepts applicable to business and industry. Topics include retail operations, simple and compound interest, discounts, annuities, financial papers and depreciation methods. Emphasis is on practical applications to business management.

Prerequisite(s)

  • No prerequisites are required for this course.

Credits

4.0

Not offered this term
This course is not offered this term. Please check back next term or subscribe to receive notifications of future course offerings and other opportunities to learn more about this course and related programs.

Learning Outcomes

Upon successful completion, the student will be able to:

  • Apply concepts of proportion and percent to business areas such as mark-up, discounts, budget allocation.
  • Analyze relationships between quantities such as cost, revenue, production volume and profit using standard functions and graphical techniques.
  • Apply the time value of money.
  • Calculate interest, present and future values using simple and compound interest.
  • Analyse interest rates by finding equivalent and effective rates.
  • Calculate payments, present and future values for annuities in budgeting and asset evaluation and for mortgages.
  • Evaluate investment decisions using methods of payback and discounted cash flow such as net present value and internal rate of return.
  • Select appropriate mathematical methods to analyze specific business problems.

Effective as of Fall 2014

Related Programs

Business Math for Managers (OPMT 3510) is offered as a part of the following programs:

  • Indicates programs accepting international students.
  • Indicates programs with a co-op option.

School of Business + Media

  1. Business Management - Advanced Diploma
    Advanced Diploma Full-time/Part-time

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