MAS1403 : Quantitative Methods for Business Management
- Offered for Year: 2020/21
- Module Leader(s): Dr David Walshaw
- Lecturer: Dr Kate Henderson, Dr Sarah Heaps, Dr Stuart Hall
- Owning School: Mathematics, Statistics and Physics
- Teaching Location: Newcastle City Campus
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 |
|---|---|---|---|---|---|
| Guided Independent Study | Assessment preparation and completion | 2 | 15:00 | 30:00 | CBAs |
| Scheduled Learning And Teaching Activities | Lecture | 20 | 1:00 | 20:00 | Tutorials |
| Scheduled Learning And Teaching Activities | Lecture | 22 | 1:00 | 22:00 | Formal lectures |
| Guided Independent Study | Assessment preparation and completion | 1 | 2:00 | 2:00 | PC Exam |
| Guided Independent Study | Assessment preparation and completion | 2 | 15:00 | 30:00 | Written assignments |
| Scheduled Learning And Teaching Activities | Lecture | 1 | 1:00 | 1:00 | Revision lectures |
| Guided Independent Study | Assessment preparation and completion | 1 | 22:00 | 22:00 | Revision for Unseen Exam |
| Scheduled Learning And Teaching Activities | Practical | 3 | 1:00 | 3:00 | N/A |
| Scheduled Learning And Teaching Activities | Drop-in/surgery | 12 | 0:10 | 2:00 | Office Hours in a staff office |
| Guided Independent Study | Independent study | 1 | 60:00 | 60:00 | Studying, practising and gaining understanding of course material |
| Guided Independent Study | Independent study | 4 | 2:00 | 8:00 | Assignment and CBA review |
| Total | 200:00 |
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. In addition office hours provide an opportunity for more direct contact between individual students and the lecturer: a typical student might spend a total of one or two hours over the course of the module, either individually or as part of a group.
Assessment Methods
The format of resits will be determined by the Board of Examiners
Exams
| Description | Length | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|---|
| PC Examination | 120 | 2 | A | 60 | N/A |
Other Assessment
| Description | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|
| Prob solv exercises | 1 | M | 10 | N/A |
| Computer assessment | 1 | M | 10 | CBAs |
| Prob solv exercises | 2 | M | 10 | N/A |
| Computer assessment | 2 | M | 10 | CBAs |
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
- Timetable Website: www.ncl.ac.uk/timetable/
- MAS1403's Timetable