Mathematics (MATH) 244

Business Mathematics (Revision 7)

MATH 244 course website

Revision 7 is closed, see current version

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Mathematics Diagnostic Assessment. This online test contains 70 questions that will help you assess your mathematical skills. Based on your score we will recommend which Athabasca University mathematics course you are likely ready to take successfully.

Delivery Mode: Individualized study (with eTextbook)

Credits: 3

Area of Study: Science

Prerequisite: None

Centre: Centre for Science

MATH 244 has a Challenge for Credit option.

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MATH 244 is designed to introduce the basic mathematical skills needed to understand, analyse, and solve mathematical problems encountered in business and finance, and in investment decision making. There are no prerequisites for MATH 244; however, students are expected to be able to perform the basic arithmetic operations—addition, subtraction, multiplication and division—with ease, and to have some familiarity with fractions, with algebraic operations, and with some basic mathematical principles.


The course covers the following twelve topics.

  • Unit 1: Mathematical Operations
  • Unit 2: Basic Algebra
  • Unit 3: Ratios, Proportions, and Percentages
  • Unit 4: Marketing Mathematics
  • Unit 5: Applications of Linear Equations
  • Unit 6: Data Analysis and Statistics
  • Unit 7: Principles of Simple Interest
  • Unit 8: Principles of Compound Interest
  • Unit 9: Annuities
  • Unit 10: Loans and Mortgages
  • Unit 11: Bonds and Sinking Funds
  • Unit 12: Investment Decisions


To receive credit for MATH 244, you must achieve a course composite grade of at least “D” (50 percent) and to a grade of at least 50 percent on each of the examinations.

The weighting of the composite grade is as follows:

Activity Weighting
Assignment 1 5%
Assignment 2 5%
Assignment 3 5%
Assignment 4 5%
Midterm Exam 35%
Final Exam 45%
Total 100%

To learn more about assignments and examinations, please refer to Athabasca University's online Calendar.

Course Materials


Registration in this course includes an electronic textbook. For more information on electronic textbooks, please refer to our eText Initiative site.

Jerome, F. Ernest., Worswick Tracy. Business Mathematics in Canada, 8th Edition. Toronto, ON: McGraw-Hill Ryerson, 2014.

A print version of the eText may be available for purchase from the publisher through a direct-to-student link provided on the course website; you can also acquire the textbook on your own if you wish.

Other Resources

All other learning resources will be available online.

Challenge for Credit Course Overview

The Challenge for Credit process allows students to demonstrate that they have acquired a command of the general subject matter, knowledge, intellectual and/or other skills that would normally be found in a university level course.

Full information for the Challenge for Credit can be found in the Undergraduate Calendar.

Challenge Evaluation

To receive credit for the MATH 244 challenge registration, you must pass the two parts of the challenge exam and achieve a minimum grade of at least “C-” (60 percent) on both parts. The two parts of the exam must be written on the same day, or on two consecutive days.

Activity Weighting
Part 1: Exam 50%
Part 2: Exam 50%
Total 100%

Undergraduate Challenge for Credit Course Registration Form

Athabasca University reserves the right to amend course outlines occasionally and without notice. Courses offered by other delivery methods may vary from their individualized-study counterparts.

Opened in Revision 7, March 2, 2016.

View previous syllabus