Business and Consumer Mathematics
I. Course Prefix/Number: MAT 111
Course Name: Business and Consumer Mathematics
Credits: 4 (4 lecture; 0 lab)
III. Course (Catalog) Description
IV. Learning Objectives
B. Perform percentage calculations with discount, markup, depreciation, and taxes.
C. Apply the rules of exponents to business problems.
D. Apply simple and compound interest to installment sales and annuities.
E. Calculate payroll earnings and insurance.
F. Apply mathematics to financial statements.
G Apply basic concepts of statistics to business.
H. Use calculators and spreadsheets to solve business problems.
V. Academic Integrity
• plagiarism (turning in work not written by you, or lacking proper citation),
• falsification and fabrication (lying or distorting the truth),
• helping others to cheat,
• unauthorized changes on official documents,
• pretending to be someone else or having someone else pretend to be you,
• making or accepting bribes, special favors, or threats, and
• any other behavior that violates academic integrity.
There are serious consequences to violations of the academic integrity policy. Oakton's policies and procedures provide students a fair hearing if a complaint is made against you. If you are found to have violated the policy, the minimum penalty is failure on the assignment and, a disciplinary record will be established and kept on file in the office of the Vice President for Student Affairs for a period of 3 years.
Details of the Code of Academic Conduct can be found in the Student Handbook.
VI. Sequence of Topics
2. Problem Solving with Fractions and Percent
3. Problem Solving with Formulas and Equations
4. Statistics, Tables and Graphs
5. Bank Records
7. Trade and Cash Discounts
8. Markup and Markdown
9. Simple Interest and Simple Discount
10. Compound Interest, Future Value, and Present Value.
11. Annuities and Sinking Funds
12. Consumer Credit
14. Inventory, Turnover, and Overhead
15. Financial Statements
18. Stocks and Bonds
19. Use of Calculators and Spreadsheets.
VII. Methods of Instruction
Methods of instruction may include lectures, discussion, demonstration, experimentation, audio-visual, group work, and regularly assigned homework.
Calculators / computers will be used when appropriate.
Course may be taught as face-to-face, media-based, hybrid or online course.
VIII. Course Practices Required
Course practices include attending class, completing homework assignments, participating in discussions and taking quizzes and exams.
IX. Instructional Materials
Within the Schedule of Classes, textbooks can be found by clicking on an individual course section and looking for the words "View Book Information".
Textbooks can also be found at our Mathematics Textbooks page.
X. Methods of Evaluating Student Progress
Evaluation methods can include assignments, quizzes, chapters or major tests, individual or group projects, computer assignments and/or a final examination.
XI. Other Course Information
If you have a documented learning, psychological, or physical disability you may be entitled to reasonable academic accommodations or services. To request accommodations or services, contact the Access and Disability Resource Center at the Des Plaines or Skokie campus. All students are expected to fulfill essential course requirements. The College will not waive any essential skill or requirement of a course or degree program.