Physics I (Summer 2025)

Business mathematics seeks to solve economic problems by means of methods and concepts provided in the sphere of mathematical science. This is the branch of mathematics which is helpful for business people and relief the tension about how to solve different business problems, which includes interest calculation, hire rates, public provident fund calculation, profit maximization, cost minimization and more over what is the quantity She/he should produce etc. This course is all about how the problems from the realm of business and technology can be translated into the language of mathematics and then be solved by means of mathematical models.

Munmun Shabnam Bipasha

Gain an understanding of the terms of Microeconomics  and Macroeconomics which Introduction to various economic systems – capitalist, communist and mixed economy; Fundamental economic problems and the mechanism through which these problems are solved; Theory of demand and supply and their elasticity’s; Theory of consumer behaviour; Cardinal and ordinal approaches of utility analysis; Price determination; Nature of an economic theory; Applicability of economic theories to the problems of developing countries; Indifference curve techniques; Theory of production, production function,  types of productivity; Rational region of production of an engineering firm; Concepts of market and market structure; Cost analysis and cost function; Small scale production and large scale production; Optimization; Theory of distribution; Use of derivative in economics: maximization and minimization of economic functions, relationship among total, marginal and average concepts. Macro-economics: Savings; investment, employment; National income analysis; Inflation; Monetary policy; Fiscal policy and trade policy with reference to Bangladesh; Economics of development and planning.     Economics prepares students to understand individual and group decision making, the structure of markets and economies, and the relationship between regions within the global economy.