MATH06037 2022 Business Mathematics
Full Title
Business Mathematics
Transcript Title
Business Maths
Code
MATH06037
Attendance
N/A %
Subject Area
MATH - 0541 Mathematics
Department
BUS - Business
Level
06 - Level 6
Credit
10 - 10 Credits
Duration
Semester
Fee
€
Start Term
2022 - Full Academic Year 2022-23
End Term
9999 - The End of Time
Author(s)
Kerry Dolan, Bryan Coyne, Cillian OMurchu
Programme Membership
SG_BBUSO_C06 202200 Higher Certificate in Business in Business Studies (Online)
SG_BBISO_C06 202300 Higher Certificate in Business in Business Studies
Description
This subject aims to provide learners with the necessary skills to gather, organise, analyse and present data. It also aims to enable students to gain experience with interpreting and assessing quantitative information presented to them.
Learning Outcomes
On completion of this module the learner will/should be able to;
1.
Gain an awareness of basic mathematical principles
2.
Perform calculations in financial mathematics
3.
Organise and represent data visually
4.
Calculate measures to describe data
5.
Calculate simple probabilities and use the normal distribution
6.
Carry out index number calculations and understand how indices are used in material presented to them.
7.
Carry out a sample survey and be aware of a number of different sampling strategies
8.
Carry out time series analysis and understand the results of such analysis when presented with it
Teaching and Learning Strategies
The student will engage with the content of the module through lectures and tutorials.
The student will develop and apply their learning through practical examples and exercise sheets.
Module Assessment Strategies
Written examination at the end of the semester and quizzes during the semester.
Repeat Assessments
Written examination.
Indicative Syllabus
1. Basic Mathematics: Use of electronic calculator, basic arithmetic operations, calculations involving percentages and ratios, roots and powers.
2. Financial Mathematics: Compound interest, straight line and reducing balance methods of depreciation, investment evaluation using NPV and IRR, periodic payment necessary to repay a debt/mortgage over time, amortization schedule.
3. Presentation of Data: Primary and secondary data, tabulation of data, construction and visual representation of grouped frequency distributions,various charts & graphs.
4. Measures of location and dispersion: Calculate the mean, median and mode, calculate the range, interquartile range and standard deviation, coefficient of variation & coefficient of skewness.
5. Index Numbers: Price and quantity indices, changing the base period of an index, deflation of money values using a price index.
6.Probability: Addition and multiplication laws of probability, conditional probability, problems involving the normal distribution.
7.Sampling: Random & non random sampling methods, procedure to be followed in conducting a sample survey.
8.Time Series: Factors which affect a time series, forecasting future values.
9. Data Analysis: Spreadsheets to generate charts & values obtained in the previous sections.
Coursework & Assessment Breakdown
Coursework & Continuous Assessment
30 %
End of Semester / Year Formal Exam
70 %
Coursework Assessment
| Title | Type | Form | Percent | Week | Learning Outcomes Assessed | |
|---|---|---|---|---|---|---|
| 1 | Continuous Assessment | Coursework Assessment | Assessment | 30 % | OnGoing | 1,2,3,4,5,6,7,8 |
End of Semester / Year Assessment
| Title | Type | Form | Percent | Week | Learning Outcomes Assessed | |
|---|---|---|---|---|---|---|
| 1 | Final Exam | Final Exam | Assessment | 70 % | End of Term | 1,2,3,4,5,6,7,8 |
Online Learning Mode Workload
| Type | Location | Description | Hours | Frequency | Avg Workload |
|---|---|---|---|---|---|
| Lecture | Online | Lecture | 2 | Weekly | 2.00 |
| Independent Learning | Not Specified | Self Study | 5 | Weekly | 5.00 |
Total Online Learning Average Weekly Learner Contact Time 2.00 Hours
Required & Recommended Book List
Required Reading
2018 Business Mathematics
ISBN 0134693329 ISBN-13 9780134693323
2018 Business Mathematics
ISBN 0134693329 ISBN-13 9780134693323
For courses in Business Mathematics. Focuses on current issues, real companies, and pragmatic business scenarios Business Mathematics by Clendenen and Salzman teaches students the mathematical skills they need for success in business, emphasizing mastery of business concepts and scenarios that require a mathematical solution. With a strong focus on current issues, real companies, and pragmatic business scenarios, the authors cover the full spectrum of basic business math, placing every concept in context with relevant examples. Along with an updated MyLab(tm) Math course, the 14th Edition has been significantly revised to modernize the text, improve discussions, and make the material more meaningful to students. This revision is packed with data, examples, graphs, photographs, and case studies that demonstrate the material's relevance as it teaches students to interpret data and information. A global perspective is emphasized through examples and exercises that highlight issues in other countries. Also available with MyLab Math By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student. Note: You are purchasing a standalone product; MyLab Math does not come packaged with this content. Students, if interested in purchasing this title with MyLab Math, ask your instructor to confirm the correct package ISBN and Course ID. Instructors, contact your Pearson representative for more information. If you would like to purchase both the physical text and MyLab Math, search for: 0135195969 / 9780135195963 Business Mathematics Plus MyLab Math with Pearson eText - Access Card Package Package consists of: 0134693329 / 9780134693323 Business Mathematics, 14e 0134836235 / 9780134836232 MyLab Math with Pearson eText - Access Card - for Business Mathematics, 14/e
Recommended Reading
2014-05-19 Business Mathematics and Statistics
ISBN 1408083159 ISBN-13 9781408083154
2014-05-19 Business Mathematics and Statistics
ISBN 1408083159 ISBN-13 9781408083154
This seventh edition of 'Business Mathematics and Statistics' provides a thorough grounding in basic mathematical and statistical techniques, helping students to learn how to make decisions when presented with incomplete information. Comprehensive coverage of statistical methods, management mathematics and probability and extensive examples and questions make this essential reading for students on business and accounting courses and also students studying economics.
Recommended Reading
2013 Quantitative Methods for Business Decisions
ISBN 1408060191 ISBN-13 9781408060193
2013 Quantitative Methods for Business Decisions
ISBN 1408060191 ISBN-13 9781408060193
This established and popular text is regarded as one of the clearest and most comprehensive in its field. David Eadson has joined Jon Curwin and Roger Slater in the author team, and together they have sought to offer a more compact book with all the qualities of the previous six editions, whilst strengthening the links to online support materials.The new edition has been enhanced to reflect the latest learning plans and techniques, providing students with all the tools they need to pass the typical Quantitative Methods course. Each chapter focuses on a selection of statistical techniques, illustrated with examples from across business, marketing, economics, finance, and public administration, to appeal to students across the business spectrum.Whilst all core material is covered in the book itself, the online offering has been bolstered to include Parts 6-8 covering 'Modelling', 'Mathematical Topics' and 'Student Guides' respectively, in addition to a wide range of other resources including datasets and extra learning tools. Visual signposts throughout the text guide the student to the online platform to provide a seamless interaction between the two this providing a multi-faceted learning experience.The wide-ranging coverage provided makes this the ideal text for the teaching of quantitative methods across all business disciplines at undergraduate, MBA, and post-experience levels.
Recommended Reading
2006-03-24 Using Statistics Gill & Macmillan Ltd
ISBN 0717140229 ISBN-13 9780717140220
2006-03-24 Using Statistics Gill & Macmillan Ltd
ISBN 0717140229 ISBN-13 9780717140220
This book uses practical worked examples and problems with answers, in an Irish context. It provides an insight into your processes, allowing you to understand them and ultimately improve them. It can be used alone or in conjunction with any statistical package of choice. Web support is provided for lecturers with PowerPoint slides, web links, and data sets for each chapter, which support all statistical software. This book is suitable for undergraduate students of business, science and engineering, post-graduate students, researchers and professionals. Comments from students: "Very well presented. The author made it seem very simple. The examples use real life, are easy to understand and interesting". "The author understands the worries students have, and knows our limits". "Examples are relevant and easy to relate to".
Recommended Reading
2013 Basic Statistics for Business and Economics
ISBN 0073521477 ISBN-13 9780073521473
2013 Basic Statistics for Business and Economics
ISBN 0073521477 ISBN-13 9780073521473
Used book
Recommended Reading
2012-12-31 Statistics for Business and Economics (12th Edition) Pearson
ISBN 032182623X ISBN-13 9780321826237
2012-12-31 Statistics for Business and Economics (12th Edition) Pearson
ISBN 032182623X ISBN-13 9780321826237
Statistics for Business and Economics, Twelfth Edition, meets today's business students with a balance of clarity and rigor, and applications incorporated from a diverse range of industries. This classic text covers a wide variety of data collection and analysis techniques with these goals in mind: developing statistical thinking, learning to assess the credibility and value of inferences made from data, and making informed business decisions.
The Twelfth Edition has been updated with real, current data in many of the exercises, examples, and applications. Exercises draw on actual business situations and recent economic events so that students can test their knowledge throughout the course. Statistics in Action case studies open each chapter with a recent, controversial, or high-profile business issue, motivating students to critically evaluate the findings and think through the statistical issues involved. A continued emphasis on ethics highlights the importance of ethical behavior in collecting, interpreting, and reporting on data.
Recommended Reading
2014-02-20 Business Mathematics (13th Edition) Pearson
ISBN 0321955056 ISBN-13 9780321955050
2014-02-20 Business Mathematics (13th Edition) Pearson
ISBN 0321955056 ISBN-13 9780321955050
For courses in business math or the mathematics of business
Business Mathematics by Clendenen/Salzman teaches students the mathematical skills they need to be successful in business, emphasizing mastery of business concepts and scenarios that require a mathematical solution. With a strong focus on current issues, real companies, and pragmatic business scenarios, the authors cover the full spectrum of basic business math, placing every concept in context with relevant examples. With time-proven pedagogy, relevant business applications and case studies, and a strong MyMathLab course, this program teaches students mathematical skills and concepts within the context of business applications.
This text provides a better teaching and learning experience, for you and your students. Heres how:
- Improve Results: MyMathLab delivers proven results in helping students succeed and provides engaging experiences that personalize learning.
- Grounded in the business world and actual companies:This text presents insights that reflect business realities that students will actually encounter in the business world.
- Extensive usage of data and graphics: Helps students visualize, analyze, and discuss the information they are working with.
- Excellent exercises: Gives students a variety of practice to help them understand and master the material.
Note: You are purchasing a standalone product; MyMathLab does not come packaged with this content. MyMathLab is not a self-paced technology and should only be purchased when required by an instructor. If you would like to purchase both the physical text and MyMathLab, search for:
0321937031 / 9780321937032 Business Mathematics plus MyMathLab with Pearson eText -- Access Card Package
Package consists of:
0321431308 / 9780321431301 MyMathLab -- Glue-in Access Card
0321654064 / 9780321654069 MyMathLab Inside Star Sticker
0321955056 / 9780321955050 Business Mathematics
Module Resources
Non ISBN Literary Resources
Mustoe & Barry,2008,Foundation Mathematics Jon Curwin,2013.
Quantitative Methods for Business Decisions Cengage Learning EMEA.
Reilly, James, 2006, Using Statistics, Gill & MacMillan.
James T. McClave, 2012 Statistics for Business and Economics (12th Edition) Pearson.
Marchal & Wathen Lind, 2013 Basic Statistics for Business and Economics.
Gary Clendenen, 2014 Business Mathematics (13th Edition) Pearson.
Journal Resources
URL Resources
Other Resources
Calculator.
Additional Information