MATH06039 2016 Business Mathematics and Statistics - BBS(Hons) Ab-Initio Module 1

General Details

Full Title
Business Mathematics and Statistics - BBS(Hons) Ab-Initio Module 1
Transcript Title
Business Math and Stats 1
Code
MATH06039
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
Programme Membership
SG_BEMBE_G07 201600 Bachelor of Business in Embedded award of BB Ab-initio L8 SG_BEMBE_G06 201600 Higher Certificate in Business in Embedded award of BB Ab-initio L8 SG_BBUSI_H08 201900 Bachelor of Business (Honours) in Business L8 (Ab-initio)
Description

This module will allow students on the BBS(Hons) Ab-initio programme to review existing skills and knowledge and to transition to a third level, student centered learning style where the emphsis is on problem solving using a range of relevant mathematical methods.  Prospective students should have a sound foundation from second level mathematics courses in arithmetic, algebra and statistics. Continuous assessments during the module are aligned with the learning outcomes and are designed to reinforce learning.

Learning Outcomes

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

1.

Be proficient in the use of simple arithmetic and algebraic expressions including the evaluation of symbolic formulae, transposition of formulae, solution of first and second order algebraic equations and expressions involving logarithm and exponential functions.

2.

Summarise, analyse and interpret statistical data presented in summary and graphical forms.

3.

Apply a range of mathematical methods in the calculation of the return on and appraisal of financial investments

4.

Use Microsoft Excel spreadsheet functions to carry out calculations and to analyse summarise and present numerical statistical data in table and graph form.

5.

Solve a range of practical business related problems using the techniques and methods learned earlier.

Module Assessment Strategies

Normative assessment will be carried out three times during the programme.  This will happen every four weeks  Mathematical skill building will be summative.  All learning outcomes will be assessed at the end of the stage.  Assessment credit will be given for continuous participation in the programmed learning activities during the delivery of the programme module.

Module Dependencies

Incompatibles
MATH6011MATH6010

Indicative Syllabus

  1. Basic Mathematics :- Perform arithmetic operations using fractions and decimals. Perform calculations using Percentages and Ratios. Apply the Laws of Indices to expressions involving Indices. Use an electronic calculator Simplify mathematical expressions and transpose formulae.  Solve linear and quadratic equations and know how to plot their graphs.
  2. Data Presentation and Summarisation :- Use various methods of representing data in tabular and graphical form. Calculate various measures of central tendency and variation.
  3. Index Numbers :- Calculate price and quantity indices. Change the base period of an index. Use a price index to deflate money values.
  4. Simple and compound interest. Present value of money formula.  Use the NPV and IRR techniques to evaluate investments. Calculate periodic loan repayments and annuities.  Make out an amortization schedule.  Calculating depreciation.
  5. Data Analysis MS Excel :- Use arithmetic expression in Excel formulae.  Use statistical functions in Excel.  Apply spreadsheets methods to the previous sections.

Coursework & Assessment Breakdown

Coursework & Continuous Assessment
100 %

Coursework Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Open Book Exam Solve problems presented in written form Formative UNKNOWN - % Week 4 1
2 Project MS Excel applications of functions Formative UNKNOWN - % Week 8 4
3 Assignment MS Excel graphing Continuous Assessment UNKNOWN 0 % Week 8 2
4 Continuous Assessment Participation and Attendnace Continuous Assessment UNKNOWN 30 % OnGoing 1,2,3,4,5
5 Group Project Analyse and present data Continuous Assessment UNKNOWN 40 % Week 15 4,5
6 Final Exam closed book exam Continuous Assessment UNKNOWN 30 % End of Term 1,2,3,4,5

Full Time Mode Workload


Type Location Description Hours Frequency Avg Workload
Lecture Lecture Theatre Lecture 1 Weekly 1.00
Lecture Lecture Theatre Lecture 1 Weekly 1.00
Tutorial Flat Classroom Small group teaching 1 Weekly 1.00
Laboratory Practical Computer Laboratory MS Excel Applications 1 Weekly 1.00
Independent Learning UNKNOWN Student activity not timetabled 4 Weekly 4.00
Total Full Time Average Weekly Learner Contact Time 4.00 Hours

Module Resources

Non ISBN Literary Resources

Basic Statistics for Business and Economics. Lind, Marchal, Wathen.  5th Ed. 2006  McGraw Hill

Basic Business Statistics, Concepts and Applications. Berenson, Levine, Krehbiel. 9th Ed. 2004. Prentice Hall

IT, Sligo Library Book Catalogue - any suitable 1st course business maths or stats books

URL Resources
http://itsligo.learnonline.ie/course/view.php?id=131
Other Resources

Access to computer with MS Excel 2007 or later

Additional Information

This is a stage one level six module that is intended to be offered as preparation for a further business mathematics and statistics module of 5 credits to give a total of 10 credits for the programme.  May be delivered in either the first of second semester of stage one.