Quantitative Methods 1b

Code

BUSI1008

School

Business

Level

1

Credits

10

Semesters

Spring UK

Summary

Economic application of calculus 
Confidence intervals 
Introduction to hypothesis testing 
Partial differentiation 
Optimisation of two variables 
Probability 
Random Variables 
Sampling Distributions

Target Students

Qualifying Year UG Business School students who have taken BUSI1007 Quantitative Methods 1a or who have A level or equivalent in Maths. Students cannot take BUSI1008 if they are taking or have taken BUSI1006 Quantitative Analysis for Business.

Co-requisites

Modules you must take in the same academic year, or have taken in a previous year, to enrol in this module:

• Quantitative Methods 1a (BUSI1007)

Classes

• One 1-hour workshop each week for 8 weeks
• Two 1-hour lectures each week for 10 weeks

Assessment

• 20% Coursework: Coursework. Reassessment: 100% in person exam 2Hr
• 80% Exam (2-hour): In person exam. Reassessment: 100% in person exam 2Hr

Assessed by end of spring semester

Educational Aims

Learning Outcomes

Knowledge and Understanding 
This module develops a knowledge and understanding of: 

● The use of accounting and other information systems for planning, control, and decision making 
● The comprehension and use of relevant communications for application in business and management, including the use of digital tools 
● Relevant quantitative techniques, including mathematical and statistical methods. Economic data and its appreciation.

Intellectual skills 
This module develops: 

● The ability to analyse and evaluate a range of business data, sources of information and appropriate methodologies, which includes the need for strong digital literacy, and to use that research for evidence-based decision-making 
● Conceptual and critical thinking, analysis, synthesis and evaluation 

Professional practical skills 
This module develops: 

● Numeracy and quantitative skills to manipulate data, evaluate, estimate and model business problems, functions and phenomena

Transferable (key) skills 
This module develops: 

● Articulating and effectively explaining information

Knowledge and understanding (Industrial Economics) 
This module develops a knowledge and understanding of: 

● The applications of economics. To discover how to apply relevant economic principles and reasoning to a variety of applied topics, in particular in the fields of industrial organisation and managerial economics. 
● Understanding of distinctive economic theories, interpretations and modelling approaches, and their competent use 
● Mathematical methods for economics 
● Statistical methods for economics 
● The nature, sources and uses of quantitative data and an ability to select and apply appropriate methods that economists might use to analyse such data.

Conveners

• Dr Arjun Sengupta