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Module

MAS1403 : Quantitative Methods for Business Management

  • Offered for Year: 2020/21
  • Module Leader(s): Dr David Walshaw
  • Lecturer: Dr Stuart Hall
  • Owning School: Mathematics, Statistics and Physics
  • Teaching Location: Newcastle City Campus
Semesters
Semester 1 Credit Value: 10
Semester 2 Credit Value: 10
ECTS Credits: 10.0

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

Please note that module leaders are reviewing the module teaching and assessment methods for Semester 2 modules, in light of the Covid-19 restrictions. There may also be a few further changes to Semester 1 modules. Final information will be available by the end of August 2020 in for Semester 1 modules and the end of October 2020 for Semester 2 modules.

Teaching Activities
Category Activity Number Length Student Hours Comment
Guided Independent StudyAssessment preparation and completion301:0030:00N/A
Structured Guided LearningLecture materials181:0018:00N/A
Scheduled Learning And Teaching ActivitiesLecture181:0018:00Synchronous on line material
Scheduled Learning And Teaching ActivitiesLecture361:0036:00Non synchronous activities
Scheduled Learning And Teaching ActivitiesDrop-in/surgery41:004:00Office hour or discussion board activity
Guided Independent StudyIndependent study194:0094:00N/A
Total200:00
Teaching Rationale And Relationship

Non-synchronous online materials are used for the delivery of theory and explanation of methods, illustrated with examples, and for giving general feedback on assessed work. Synchronous online sessions are used to help develop the students’ abilities at applying the theory to solving problems and to identify and resolve specific queries raised by students, and to allow students to receive individual feedback on marked work. In addition, office hours/discussion board activity will provide an opportunity for more direct contact between individual students and the lecturer: a typical student might spend a total of one or two hours over the course of the module, either individually or as part of a group.

Assessment Methods

Please note that module leaders are reviewing the module teaching and assessment methods for Semester 2 modules, in light of the Covid-19 restrictions. There may also be a few further changes to Semester 1 modules. Final information will be available by the end of August 2020 in for Semester 1 modules and the end of October 2020 for Semester 2 modules.

The format of resits will be determined by the Board of Examiners

Exams
Description Length Semester When Set Percentage Comment
PC Examination1202A6024 hour PC exam
Other Assessment
Description Semester When Set Percentage Comment
Prob solv exercises1M10N/A
Computer assessment1M10CBAs
Prob solv exercises2M10N/A
Computer assessment2M10CBAs
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