Mathematics: “Core Courses” for Business Studies.
What is a core course?
Every student must take the basic course before moving to the next level in their education. These are usually a series of courses such as English, reading or language arts, mathematics, science, foreign languages, civics and government, economics, arts, history, and geography. These core courses of study ensure that all the students take and complete courses considered academically and culturally essential. In addition, these courses teach students the basic foundational knowledge and skills they will need in college or careers or their adult life in general.
The classes’ requirements depend on the university; however, there are typically two semesters of math classes included as a core course: College algebra and calculus, similarly to two semesters of accounting and economics classes.
“Why these core courses in business?”
Algebra
Most of our students seem not to prefer mathematics and would rather skip it at first sight. We are here to be the devil’s advocate. We know everyone wants to make money, hence the business studies. But, give it a thought, money is the game of numbers. However, business management majors don’t have to take serious college mathematics courses. We do not expect you to take advanced calculus or Math 55, nor do we expect you to solve some of Einstein’s problems. But these math classes for the business course want you to have some mathematical thinking that will be useful later in the day.
Business studies comprise of ability to look at information and process it accordingly. College algebra classes are one of those core required courses for business students so that students can focus on data analysis or mathematics for business application classes. Furthermore, depending on students’ scores or the previous scores from the entrance exams or high school, they might have to take additional algebra classes before moving on to electives.
Calculus
The knowledge of probabilities and statistics is vital for any business study where one focuses on business finance. There are many applications of solid math skills in the business world, and it is critical for finance careers and the marketing field where figures are prominent. The calculus in the business degree is usually an introductory class. It will either be Calculus I or business calculus, where detailed studies are not required; however, these classes are enough to give you the basic knowledge. But these days’ business studies are more into mathematically inclined courses. So, again, depending on the university you select, there might be a requirement for additional calculus classes.
Economics
These core courses vary on the Major you have selected to master. For example, if your business studies are focused on economics, then the electives you will choose will move forward after the core course to a higher and more challenging level of studies. But for general business studies, you are typically needed to take two economic classes: micro-economics and macro-economics. These economics classes will also include some statistical analyses, where students will study the possible effects of the individual or companies on a larger scale.
Accounting
The other most dreaded course for a few seems to have math difficulties. Business management majors will be required to take a couple of accounting classes. Again, the core course will move towards the electives, depending on your major. For anyone wanting to study the complexity of accounting, the core course from Accounting I and Accounting II will move toward financial and managerial Accounting, slowly increasing the complexity of the study. However, general business studies will only take the basics where you get enough knowledge to sustain.
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