Module code: MAN1060

Module provider

AKERMAN C Mr (SBS)

Number of Credits

15

ECTS Credits

7.5

Framework

FHEQ Level 4

JACs code

G100

Module cap (Maximum number of students)

N/A

Module Availability

Semester 1

Independent Study Hours: 106

Tutorial Hours: 44

Assessment pattern

Assessment type Unit of assessment Weighting
Examination 2 HOUR EXAM 70
School-timetabled exam/test 50 MINUTE CLASS TEST 30

Alternative Assessment

There is no alternative assessment for this module. Students are required to pass both units of assessment.

Prerequisites / Co-requisites

None

Module overview

The module intends to teach the tools and techniques of Business Mathematics.

Module aims

This module aims to equip students with sufficient mathematical tools to use in the rest of their undergraduate degree.

Learning outcomes

Attributes Developed
1 Identify and use appropriate basic mathematical tools including index numbers KCPT
2  To be able to analyse and present data KCPT
3 Use probability techniques, apply probability distribution theory, make inferences and test hypotheses.  KCT
4 Calculate correlations and demonstrate tools for forecasting, including linear, multiple regression and time series KCPT
5 Use statistical methods of linear programming. KCPT
6 Apply financial mathematics techniques KCPT

Attributes Developed

C - Cognitive/analytical

K - Subject knowledge

T - Transferable skills

P - Professional/Practical skills

Module content

Indicative content includes:

Basic numeracy, Sampling techniques, Data collection and Presentation, Descriptive Statistics, Index Numbers, Probability, Probability Distributions, Inference and Hypothesis Testing,  Correlation, Linear and Multiple Regression, Time series, Forecasting, Linear Programming techniques and Financial Mathematics.

Methods of Teaching / Learning

The learning and teaching strategy is designed to ensure students understand and can apply the Business Mathematics tools.

The learning and teaching method consists of:

Weekly 2 hour tutorials for groups of around 30 students.  Coursework is taught and then problems are solved enabling the teacher to assess understanding.
Weekly optional 2 separate hours of  drop-in groups.  Individual help and guidance on sample questions relating to the week’s tutorial.

Assessment Strategy

The assessment strategy is designed to test students’ understanding of the tools and techniques of business mathematics. It consists of:

Summative assessment

The summative assessment for this module consists of two parts.  First, students take a closed-book class test covering the whole of the course content and representing 30% of available marks for the module.  The questions are short and multiple choice and all questions should be answered. This is held in week 10.  The second element is an examination held during the examination period in which students select 5 longer questions out of 8, for which a more detailed understanding and in-depth analysis is required.  This represents 70% of the available module marks.

Formative assessment and feedback

On-going feedback is provided in the first instance during whole class group-work in the tutorial sessions; this collective problem-solving approach is designed to test understanding at the earliest opportunity.  Students who attend the informal drop-in sessions are then provided with individual coaching and feedback on elements of the syllabus which are proving difficult.  Sample questions are provided on SurreyLearn covering the whole course, and students have the opportunity to discuss these in the drop-in sessions or directly by email. Finally, detailed individual feedback is given with the class test, which is held 3-4 weeks before the exam.  As the class test covers the whole of the syllabus it aids identification of any problem areas which require more revision/guidance from the convenor.