Learning Outcomes
1. Demonstrate competence in using arithmetic operations and algebraic calculations
Knowledge and Understanding
Application
2. Graph and solve linear and non-linear equations
Knowledge and Understanding
Application
3. Summarise data using table and graphs
Enquiry
Application
4. Apply basic financial calculations
Learning
Application
5. Demonstrate competence in using a relevant software
Learning
Application
Learning Outcomes
1. Demonstrate competence in using arithmetic operations and algebraic calculations
Knowledge and Understanding
Application
2. Graph and solve linear and non-linear equations
Knowledge and Understanding
Application
3. Summarise data using table and graphs
Enquiry
Application
4. Apply basic financial calculations
Learning
Application
5. Demonstrate competence in using a relevant software
Learning
Application
Assessment Details
An individual portfolio assessing all learning outcomes. The portfolio will be composed of 10 weekly assessments (20-minute class-tests), each contributing to 10% of the final grade.
Indicative Content
In this module, you will learn the fundamental mathematical tools that are used in Business and Economics applications. You will also become familiar with basic calculations used in Finance.
The following topics will be covered in this module:
Arithmetic operations (brackets, fractions, decimals, negative numbers, powers, roots, logarithms), introduction to algebra, linear and non-linear equations, graphs of functions, linear and quadratic equations, indices, mathematics of finance (percentages, compound interest, geometric series), summarizing data using table and graphs, differentiation.
Texts
Jacques, I. (2012) Mathematics for Economics and Business, 7th ed., Prentice Hall.
Rosser, M. and Lis, P. (2016) Basic Mathematics for Economists, 3rd ed., Routledge.
Stroud, K. A. and Booth, D. J. (2009) Foundation Mathematics, Palgrave MacMillan.
Resources
A range of resources will be available to the learners, including university library and IT facilities, the Internet, journals and databases, supportive videos and appropriate calculation and data analysis software.
Web Descriptor
It doesn’t matter what profession you choose, everyone needs an understanding of maths and finance. In this module, you will learn the fundamental mathematical tools that are used in business and economics to help you gain in confidence ready for further study.
Learning Strategies
The learning strategy for this module is based around students committing a total of 300 hours of activities towards achieving the learning outcomes. These will be split between 78 hours of direct contact with a tutor and 222 hours of directed, guided and self-study, together with preparation for and completion of the assessment tasks. Learning support material will be provided for the module.
The module will draw upon a mixture of activities including lectures, web-based activities, case study analysis, relevant videos and in-class discussions, individual and group problem solving and self-directed learning.