MAS1403 : Quantitative Methods for Business Management
- Offered for Year: 2024/25
- Available for Study Abroad and Exchange students, subject to proof of pre-requisite knowledge.
- Module Leader(s): Dr Daniel Henderson
- Owning School: Mathematics, Statistics and Physics
- Teaching Location: Newcastle City Campus
Semesters
Your programme is made up of credits, the total differs on programme to programme.
| Semester 1 Credit Value: | 10 |
| Semester 2 Credit Value: | 10 |
| ECTS Credits: | 10.0 |
| European Credit Transfer System | |
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 |
|---|---|---|---|---|---|
| Structured Guided Learning | Lecture materials | 22 | 1:00 | 22:00 | Problem classes |
| Scheduled Learning And Teaching Activities | Lecture | 18 | 1:00 | 18:00 | tutorials/lectures |
| Guided Independent Study | Assessment preparation and completion | 30 | 1:00 | 30:00 | N/A |
| Scheduled Learning And Teaching Activities | Lecture | 2 | 2:00 | 4:00 | Revision lectures |
| Scheduled Learning And Teaching Activities | Practical | 4 | 1:00 | 4:00 | Computer practical |
| Scheduled Learning And Teaching Activities | Drop-in/surgery | 22 | 1:00 | 22:00 | Office hour or discussion board activity |
| Guided Independent Study | Independent study | 1 | 78:00 | 78:00 | N/A |
| Guided Independent Study | Independent study | 22 | 1:00 | 22:00 | Non synchronous activities |
| Total | 200:00 |
Teaching Rationale And Relationship
The teaching methods are appropriate to allow students to develop a wide range of skills, from understanding basic concepts and facts to higher-order thinking. Lectures are used for the delivery of theory and explanation of methods, illustrated with examples, and for giving general feedback on marked work. Problem classes are used to help develop the students' abilities at applying the theory to solving problems.
Assessment Methods
The format of resits will be determined by the Board of Examiners
Exams
| Description | Length | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|---|
| Digital Examination | 150 | 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 | 5 | CBAs |
| Prob solv exercises | 2 | M | 10 | N/A |
| Computer assessment | 1 | M | 5 | CBAs |
| Computer assessment | 2 | M | 5 | CBAs |
| Computer assessment | 2 | M | 5 | 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