MATH06033 2016 Business Mathematics 2

General Details

Full Title
Business Mathematics 2
Transcript Title
Business Maths 2
Code
MATH06033
Attendance
N/A %
Subject Area
MATH - Mathematics
Department
BUS - Business
Level
06 - NFQ Level 6
Credit
05 - 05 Credits
Duration
Semester
Fee
Start Term
2016 - Full Academic Year 2016-17
End Term
9999 - The End of Time
Author(s)
Aiden Bell, Cillian OMurchu
Programme Membership
SG_BACCO_C06 201600 Higher Certificate in Business in Accounting L6 SG_BBUSI_C06 201600 Higher Certificate in Business SG_BBUSS_B07 201600 Bachelor of Business in Business L7
Description

This subject aims to provide learners with the necessary skills to gather, organize, analyse and present data.  It aims also to enable students to understand and assess quantitative information presented to them.    

Learning Outcomes

On completion of this module the learner will/should be able to;

1.

Carry out index number calculations and understand how indicies are used in material presented to them.

2.

Solve probability problems and be able to use Normal tables.

3.

Carry out time series analysis and understand the results of such analysis when presented with it.

4.

Carry out a sample survey and be aware of a number of different sampling strategies.

Teaching and Learning Strategies

The student will engage with the content of the module through lectures and tutorials.

The student will develop and apply their learning through practical examples and exercise sheets.

Module Assessment Strategies

Written examination at the end of the semester and written examination & quizzes during the semester.

Repeat Assessments

The repeat assessment will involve a Repeat Exam.

Indicative Syllabus

 1.  Probability:

  • Permutations & Combinations
  • Define and calculate probabilities
  • Addition & multiplication laws of probability
  • Conditional probability

 2.  Normal Distribution:

  • Characteristics of Normal Distribution
  • Solving problems involving the Normal Distribution

  3.Index Numbers

  • Calculate price and quantity indices
  • Change the base period of an index
  • Use a price index to deflate money values

  4.  Sampling:

  • Random and non-random sampling methods
  • Outline the procedure to follow in conducting a sample survey

   5.  Time Series:

  • Factors which affect a Time Series
  • Moving average trend,seasonal & cyclical variation and residuals based on the additive model
  • Deseasonalised data
  • Forecasting future values

  6.  Data Analysis using software:

  • Spreadsheets to generate charts & values obtained in the previous sections

 

Coursework & Assessment Breakdown

Coursework & Continuous Assessment
30 %
End of Semester / Year Formal Exam
70 %

Coursework Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Continuous Assessment Continuous Assessment UNKNOWN 30 % OnGoing 1,2,3,4
             
             

End of Semester / Year Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Final Exam Final Exam UNKNOWN 70 % End of Term 1,2,3,4
             
             

Full Time Mode Workload


Type Location Description Hours Frequency Avg Workload
Lecture Not Specified Lecture 3 Weekly 3.00
Tutorial Flat Classroom Practical exercise based on preceeding lecture in small groups 1 Weekly 1.00
Independent Learning UNKNOWN Self study 3 Weekly 3.00
Total Full Time Average Weekly Learner Contact Time 4.00 Hours

Required & Recommended Book List

Recommended Reading
2013-01-21 Quantitative Methods for Business Decisions Cengage Learning EMEA
ISBN 1408064987 ISBN-13 9781408064986

This established and popular text is regarded as one of the clearest and most comprehensive in its field. David Eadson has joined Jon Curwin and Roger Slater in the author team, and together they have sought to offer a more compact book with all the qualities of the previous six editions, whilst strengthening the links to online support materials. The new edition has been enhanced to reflect the latest learning plans and techniques, providing students with all the tools they need to pass the typical Quantitative Methods course. Each chapter focuses on a selection of statistical techniques, illustrated with examples from across business, marketing, economics, finance, and public administration, to appeal to students across the business spectrum. Whilst all core material is covered in the book itself, the online offering has been bolstered to include Parts 6-8 covering 'Modelling', 'Mathematical Topics' and 'Student Guides' respectively, in addition to a wide range of other resources including datasets and extra learning tools. Visual signposts throughout the text guide the student to the online platform to provide a seamless interaction between the two thus providing a multi-faceted learning experience. The wide-ranging coverage provided makes this the ideal text for the teaching of quantitative methods across all business disciplines at undergraduate, MBA, and post-experience levels. This textbook is autopackaged with CourseMate. CourseMate brings course concepts to life with interactive learning, study, and exam preparation tools that support the printed textbook and the textbook-specific website. CourseMate includes an integrated eBook and interactive teaching and learning tools including quizzes, flashcards, videos, and more and an EngagementTracker, a first-of-its-kind tool that monitors student engagement in the course.

Recommended Reading
2004-04-01 Business Mathematics and Statistics Cengage Learning EMEA
ISBN 1844801284 ISBN-13 9781844801282

The sixth edition provides a thorough grounding in basic mathematical and statisical techniques for business students, and students on a professional course such as accounting. The result is a comprehensive, user-friendly, testing oriented guide to quantitative methods for business.

Recommended Reading
2006-03-24 Using Statistics Gill & Macmillan Ltd
ISBN 0717140229 ISBN-13 9780717140220

This book uses practical worked examples and problems with answers, in an Irish context. It provides an insight into your processes, allowing you to understand them and ultimately improve them. It can be used alone or in conjunction with any statistical package of choice. Web support is provided for lecturers with PowerPoint slides, web links, and data sets for each chapter, which support all statistical software. This book is suitable for undergraduate students of business, science and engineering, post-graduate students, researchers and professionals. Comments from students: "Very well presented. The author made it seem very simple. The examples use real life, are easy to understand and interesting". "The author understands the worries students have, and knows our limits". "Examples are relevant and easy to relate to".

Recommended Reading
2012-12-31 Statistics for Business and Economics (12th Edition) Pearson
ISBN 032182623X ISBN-13 9780321826237

Statistics for Business and Economics, Twelfth Edition, meets today's business students with a balance of clarity and rigor, and applications incorporated from a diverse range of industries. This classic text covers a wide variety of data collection and analysis techniques with these goals in mind: developing statistical thinking, learning to assess the credibility and value of inferences made from data, and making informed business decisions.

 

The Twelfth Edition has been updated with real, current data in many of the exercises, examples, and applications. Exercises draw on actual business situations and recent economic events so that students can test their knowledge throughout the course. Statistics in Action case studies open each chapter with a recent, controversial, or high-profile business issue, motivating students to critically evaluate the findings and think through the statistical issues involved. A continued emphasis on ethics highlights the importance of ethical behavior in collecting, interpreting, and reporting on data.

Recommended Reading
2013 Basic Statistics for Business and Economics
ISBN 0073521477 ISBN-13 9780073521473

Used book

Module Resources

Non ISBN Literary Resources

Curwin, Jon., Slater, Roger  2008, Quantitative Methods for Business Decisions, 6th ed., Cengage Learning

Francis, A., 2004, Business Mathematics and Statistics, 6th ed., Thomson Learning

Lind, Douglas A., Marchal, William G., Wathen, Samuel A., 2003, Basic Statistics for Business and Economics, 4th ed., McGraw-Hill Irwin

Reilly, James, 2006, Using Statistics, Gill & MacMillan

James T. McClave 2012 Statistics for Business and Economics (12th Edition) Pearson

Other Resources

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Additional Information

None