What do all successful business people have in common? How can you gain financial security? These are some of the questions that we will answer in Business Math. This course focuses on the application of fundamental arithmetical computations to practical business problems. It’s “math you can use.”
Some of the key concepts covered in this course include:
- A review of basic math skills (calculations involving only addition, subtraction, multiplication and division)
- How do retail businesses generate profit? From the consumer perspective, you will see how stores decide what items to put on sale and for how much. You’ll learn how your local supermarket knows how to price every item on the shelf so that they maximize their profits.
- How do banks make money? You’ll learn how your money grows in savings accounts. You will also learn how to figure out how much you should invest now in order to purchase things in the future. Finally, we will investigate how loans work.
- How do people invest in the stock market? We will look at why companies sell stock. You will learn about the key numbers that stockbrokers track when they are researching companies to invest in. You will get your chance to invest $1,000,000 in our stock market game.
- How do local and state governments arrive at your tax rate? We will see where the money you make goes
Students must have access to Microsoft Excel. Experience with Excel formulas, though not required, is helpful.