BUSINESS MATHEMATICS - 2021/2

Module Overview

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

Module provider

Surrey Business School

Module Leader

MADON Farhad (SBS)

Number of Credits: 15

ECTS Credits: 7.5

Framework: FHEQ Level 4

Module cap (Maximum number of students): N/A

Module Availability

Semester 1

Prerequisites / Co-requisites

None

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.

Assessment pattern

Alternative Assessment

N/A

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.

Module aims

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

Learning outcomes

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.

Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.

Reading list

https://readinglists.surrey.ac.uk
Upon accessing the reading list, please search for the module using the module code: MAN1060

Programmes this module appears in

Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2021/2 academic year.