MATH06057 2016 Business Mathematics 1

General Details

Full Title
Business Mathematics 1
Transcript Title
Bus Maths 1
N/A %
Subject Area
MATH - Mathematics
BUS - Business
06 - NFQ Level 6
05 - 05 Credits
Start Term
2016 - Full Academic Year 2016-17
End Term
9999 - The End of Time
Cillian OMurchu, Aiden Bell
Programme Membership
SG_BOFFI_C06 201900 Higher Certificate in Business in Business in Office Administration SG_BADMN_B07 202100 Bachelor of Business in Business Administration L7 SG_BOFFI_C06 202100 Higher Certificate in Business in Business in Office Administration

This module aims to equip the student with a range of fundemental skills in Business Mathematics

Learning Outcomes

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


Demonstrate competence in numerical operations and algebraic manipulation


Perform calculations in financial mathematics


Organise data in tabular or graphical form


Summarise and analyse statistical data

Indicative Syllabus

1.  Basic Mathematics

  • Perform arithmetic operations using fractions
  • Perform calculations using percentages and ratios
  • Apply the laws of indices to expressions involving indices
  • Apply the rules of precedence in evaluating expressions
  • Use an electronic calculator
  • Simplify mathematical expressions and transpose formulae
  • Solve linear, quadratic and cubic equations and know how to plot their graphs
  • Use exponential and logarithmic functions

2.  Financial Mathematics

  • Calculate simple and compound interest
  • Analyse investments using NPV and IRR
  • Calculate periodic debt/mortgage repayments
  • Make out an amortization schedule

3.  Data Presentation

  • Primary and secondary data
  • Tabulation of data
  • Use various methods of representing data in graphical form

4.  Data Summarisation

  • Calculate mean, median and mode
  • Calculate the range, interquartile range and standard deviation


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 Inclass examination Continuous Assessment UNKNOWN 30 % Week 7 1

End of Semester / Year Assessment

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

Full Time Mode Workload

Type Location Description Hours Frequency Avg Workload
Lecture Lecture Theatre Theory 3 Weekly 3.00
Tutorial Flat Classroom In class solving mathematical problems 1 Weekly 1.00
Independent Learning UNKNOWN Self Study 3 Weekly 3.00
Total Full Time Average Weekly Learner Contact Time 4.00 Hours

Module Resources

Non ISBN Literary Resources
  • Quantitative Methods for Business Decisions   Curwin & Slater  Year 2011
  • Foundation Mathematics   Mustoe & Barry  Year 2011
  • Quantitative Techniques   Lucy   Year 2011
  • Essential Business Statistics   Smailes & McGrane Year 2011
Other Resources
  • Electronic Calculator
  • Statistical Tables
Additional Information