Knowledge & Understanding
Application
1. Define and use the basic principles of algebra.

Application
2. Apply mathematical skills such as percentages and ratios to finance decisions

Enquiry
Application
3. Summarise data using table and graphs

Learning
4. Explain the use of spreadsheet software in business

1. Initial MCQ (0.5hr) (15%) (LO1)
2. End of module test. (1.5hrs) (85%) (LOs 2-4)

In this module, you will learn the fundamental mathematical tools used in business and economics and how these are critical for business success. From ratio analysis to capital investment appraisal, you will use a range of mathematical techniques to determine the current performance of a business, how you can improve your business processes and how to make the best decisions to move the business forwards into profitability.

In this module, you will learn the fundamental mathematical tools used in business and economics and how these are critical for business success.

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. For example, you will be set tasks in which you will be required to calculate the profitability and liquidity of an organisation as well as determine which investment appraisal techniques would be suitable for different organisations. You will also learn how to use spreadsheets to determine the break-even point, construct budgets and manage inventory. Learning support material will be provided for the module.

You will undertake ‘formative’ assessments during the module to help you monitor your learning and provide you and us with ongoing feedback on your progress, that helps you prepare for the ‘summative assessment(s) during or at the end of the module.

Oakshott, L. (2020) Essential Quantitative Methods: For Business, Management and Finance. 7th edn. London: Red Globe Press (Macmillan)
Jacques, I. (2018) Mathematics for Economics and Business. 9th edn. Harlow: Pearson Education Limited
Croft, A. & Davison, R. (2020) Foundation Maths. 7th edn. Harlow: pearson Education Limited

A range of resources will be available to the learners, including university library and IT facilities, journals and databases, supportive videos and LinkedIn Learning.

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