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Modules

Modules

MAS1403 : Quantitative Methods for Business Management

Semesters
Semester 1 Credit Value: 10
Semester 2 Credit Value: 10
ECTS Credits: 10.0

Aims

To introduce students to the quantitative techniques necessary for modern business decision making.
To enable students to present data in an appropriate format.
To introduce students to the concept of uncertainty.

Outline Of Syllabus

Sampling methods; Data presentation - graphical methods and summary statistics; Probability ideas; Decision making; Probability distributions; Discrete and continuous distributions, e.g. Binomial, Poisson, Exponential and Normal; Estimation; Confidence intervals; Hypothesis testing; Goodness of fit tests; Regression; Forecasting; Resource Allocation; Market research and Quality control.

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Scheduled Learning And Teaching ActivitiesLecture201:0020:00Tutorials
Scheduled Learning And Teaching ActivitiesLecture221:0022:00Formal lectures
Guided Independent StudyAssessment preparation and completion12:002:00PC Exam
Guided Independent StudyAssessment preparation and completion215:0030:00Written assignments
Scheduled Learning And Teaching ActivitiesLecture11:001:00Revision lectures
Guided Independent StudyAssessment preparation and completion122:0022:00Revision for Unseen Exam
Guided Independent StudyAssessment preparation and completion215:0030:00CBAs
Scheduled Learning And Teaching ActivitiesPractical31:003:00N/A
Scheduled Learning And Teaching ActivitiesDrop-in/surgery480:000:00Office Hours in a staff office
Guided Independent StudyIndependent study162:0062:00Studying, practising and gaining understanding of course material
Guided Independent StudyIndependent study42:008:00Assignment and CBA review
Total200:00
Teaching Rationale And Relationship

Lectures are used for the delivery of theory and explanation of methods, illustrated with examples, and for giving general feedback on marked work. Tutorials are used to help develop the students’ abilities at applying the theory to solving problems , to identify and resolve specific queries raised by students and to allow students to receive individual feedback on marked work. Office hours provide an opportunity for more direct contact between individual students and the lecturer.

Assessment Methods

The format of resits will be determined by the Board of Examiners

Exams
Description Length Semester When Set Percentage Comment
PC Examination1202A60N/A
Other Assessment
Description Semester When Set Percentage Comment
Prob solv exercises1M10N/A
Computer assessment1M10CBAs
Prob solv exercises2M10N/A
Computer assessment2M10CBAs
Assessment Rationale And Relationship

The coursework in each semester consists of a written assignment counting for approximately 10% and approximately three computer based assessments of equal weight counting for approximately 10% in total. The written assignments and CBA are designed to ensure that the students are following the module and to give feedback on how well they are coping. The exam tests a student's ability to apply the theory to relevant questions.

Reading Lists

Timetable