Please note this module descriptor is indicative of the structure of this course and may be subject to change.
This module equips students with a variety of technical and analytical skills that will be of use to them in their studies at subsequent levels. It also concentrates on those features of quantitative analysis which are of immediate relevance and aims to increase students’ confidence in their application. The context is the use of quantitative techniques in the financial and managerial decision-making processes, including financial mathematics, project planning and the collection, analysis and interpretation of data, including the use of spreadsheets and statistics software. The emphasis will be on problem solving in a variety of different areas.
The module will cover: financial mathematics (compound growth, discounting, APR, evaluation of capital projects); index numbers (price relatives, weighted indices, CPI and RPI); planning production levels (linear programming); project planning (network analysis); breakeven analysis; elementary probability (basic rules of probability, expected value, decision trees, introduction to hypothesis testing); collecting, presenting, analysing and interpreting data (including sampling methods, graphs, charts, basic statistical measures) to produce management information; investigating relationships between variables (correlation, regression using two variables with an introduction to multiple regression); forecasting (time series analysis).
A student passing this module should be able to:
1. Apply basic financial mathematical techniques; (PLO3)
2. Evaluate and plan projects, using graphical linear programming, breakeven analysis and network analysis; (PLO3)
3. Apply various statistical techniques and the calculation of probabilities and the use of hypothesis testing to a range of financial management problems; (PLO3)
4. Develop problem solving skills; (PLO5)
Develop communication and group work skills through coursework.(PLO9)
A course map contains a list of the individual study units, called modules, that you study to complete your course. Some modules are compulsory, but you can sometimes choose modules outside your core area of study which interest you.
A module is a self-contained, individual unit of study. The module descriptor provides various details about the module including who the module tutor is, what you will be studying, how you will be assessed and what you will have learned once you have completed the module.
Course maps and module descriptors from previous years can be found in the Course Resources Archive.
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