MATH06077 2022 Business Mathematics 1
This subject aims to provide learners with the necessary skills to gather, organise, analyse and present data. It also aims to enable students to understand and assess quantitative information presented to them.
Learning Outcomes
On completion of this module the learner will/should be able to;
Understand the concepts of basic maths
Perform various calculations in financial mathematics
Calculate measures to describe data
Organise and represent data visually
Teaching and Learning Strategies
The teaching and learning strategy is one which is founded on student-centered active learning. This module will be delivered by a mixture of face to face, online delivery and tutorial support as appropriate. Students will be supported in this module through the use of various virtual learning environments. The student will develop and apply their learning through practical examples, case studies and exercise sheets.
Module Assessment Strategies
A series of examinations & quizzes during the semester.
Repeat Assessments
The repeat assessment will involve a Repeat Exam.
Indicative Syllabus
1. Basic Mathematics:
- Perform arithmetic operations using fractions,
- Apply the rules of precedence in evaluating expressions,
- Perform calculations using percentages and ratios,
- Apply the laws of indices to expressions involving indices,
- Solve problems involving income tax and costing,
- Simplify mathematical expressions and transpose formulae,
- Solve linear and quadratic equations,
- Use an electronic calculator.
2. Financial Mathematics:
- Calculate simple and compound interest & APR,
- Analyse investments using NPV and IRR,
- Straight line & reducing balance methods of depreciation,
- Calculate savings schemes and periodic debt/mortgage repayments,
- Make out an 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. Data Analysis: Spreadsheets to generate charts & values obtained in the previous sections.
Coursework & Assessment Breakdown
Coursework Assessment
Title | Type | Form | Percent | Week | Learning Outcomes Assessed | |
---|---|---|---|---|---|---|
1 | Continuous Assessment | Coursework Assessment | Assessment | 100 % | OnGoing | 1,2,3,4 |
Full Time Mode Workload
Type | Location | Description | Hours | Frequency | Avg Workload |
---|---|---|---|---|---|
Lecture | Not Specified | Lecture | 3 | Weekly | 3.00 |
Tutorial | Not Specified | Practical exercises based on preceding lectures | 1 | Weekly | 1.00 |
Independent Learning | Not Specified | Self study | 3 | Weekly | 3.00 |
Required & Recommended Book List
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
2017-10 Mathematics for Economics and Business
ISBN 129219166X ISBN-13 9781292191669
Mathematics for Economics and Business, 9e is the essential resource you need when studying mathematics as part of your economics, management or business course. Whatever your level of prior mathematical knowledge, ability or confidence, this book will guide you step-by-step through the key mathematical concepts and techniques you need to succeed. Starting with the basics, the book is designed to allow you to progress at your own pace, with a wealth of examples, practice exercises and self-test questions to check your understanding along the way. Worked examples throughout each chapter illustrate how mathematical concepts and techniques relate to the business world and encourage you to solve real problems yourself. Over 200 new questions have been added to this new edition, with answers provided, making it a fantastic resource for revision purposes. Additional online resources to support your learning, including an online homework and tutorial system can be accessed via MyLab Math, which accompanies this book. You need an access card and a course ID, issued by your lecturer.
2013-01-21 Quantitative Methods for Business Decisions Cengage Learning EMEA
ISBN 1408064987 ISBN-13 9781408064986
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 thus 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. This textbook is autopackaged with CourseMate. CourseMate brings course concepts to life with interactive learning, study, and exam preparation tools that support the printed textbook and the textbook-specific website. CourseMate includes an integrated eBook and interactive teaching and learning tools including quizzes, flashcards, videos, and more and an EngagementTracker, a first-of-its-kind tool that monitors student engagement in the course.
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.
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".
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
2013 Basic Statistics for Business and Economics
ISBN 0073521477 ISBN-13 9780073521473
Used book
2013-05-17 Using Business Maths Gill Education
ISBN 0717157156 ISBN-13 9780717157150
New student-friendly textbook introducing common calculations encountered regularly in both personal and business scenarios. Presents calculations and problems in a clear and logical manner using humour and illustrations to aid understanding. Positions the concepts of maths and calculations in the real world and demonstrates the importance of maths in everyday life. Demonstrates how to use a calculator accurately to perform extended calculations, as well as how to perform simple calculations without a calculator. Clearly explains percentages, law of indices, rules of logarithms, simple and compound interest, payroll and associated taxes, VAT, net profit and loss and algebra, including quadratic equations. Illustrates how to mathematise scenarios, make an initial model, decide on appropriate mathematical techniques and tools, examine relationships and assumptions, make adjustments and present results and conclusions. Includes sample questions and answers along with graded end-of-chapter questions. Specifically written for the revised NFQ Level 4 modules Business Calculations (4N2279) and Functional Mathematics (4N2138) modules, as awarded by QQI.
Module Resources
Clendenen & Salzman, 2018, Business Mathematics (14th Edition).
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.
Calculator.
None.