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Quantitative Method

BANKING UNIVERSITY OF HO CHI MINH CITY

CERTIFICATE IN BUSINESS MANAGEMENT

BBM1003:  Quantitative Methods

Credits: 14

ECTS Value: 7


Marking Scheme: Numerical marking scheme (i.e. mark of 0-100)

 

Pass Mark

The pass mark for the module is 50%

Delivery Type

This module requires you to attend classes or events at scheduled time and in specific locations.

Pre-Requisites

None

Co-Requisites

None

Module Outline

 

The aims of this module is: to introduce you to mathematical models used to solve relevant Business/Management problems, to develop your ability to recognize the limitations of these models, to develop your ability to use appropriate numerical, mathematical and statistical skills to solve these models, to develop your ability to interpret and communicate the results. This module serves to develop employability skills with particular emphasis on the following: Problem solving; Numerical interpretation.

 

Indicative Content

 

Number

Description

1

Functions, The Graph of a Function, Linear Functions, Functional Models, Limits, One-Sided Limits and Continuity, The Derivative

2

Techniques of Differentiation, Product and Quotient Rules, Higher-Order Derivatives, The Chain Rule

3

Exponential Functions, Continuous Compounding, Financial Mathematic ( Time value of Money)

4

Linear Programming, Optimization, Additional Applied Optimization.

5

Collecting Data, Sampling methods, Presenting Data

6

Summarizing Data: Measures of Central tendency

7

Summarizing Data: Measures of dispersion

8

Midterm test

9

Correlation and Regression

10

Index numbers

11

Probability and expected value

12

The Normal distribution

13

Tests of Hypotheses, Confidence interval

14

Time Series

15

Forecasting models: time based, exponential.

 

Learning Outcomes

On successful completion of this Module you will be expected to be able to:

 

Description

1

Use summary and inferential statistics to inform business decisions

2

Analyze management decisions using optimisation techniques

3

Understand and apply approaches to business forecasting

4

Evaluate sequential management decisions

 

Learning And Teaching Strategy

The learning outcomes will be assessed in both assignment and by examination. In both of these methods of assessment you will be given one or more business/management problems to solve and use appropriate quantitative methods to solve them. Each topic will be developed in a formal lecture followed by a seminar.

 

 

Learning & Teaching Methods

 

Method

Hours

Lecture & Seminar

42

Tutorial

15

Guided independent study

83

 

Summary

%

Scheduled

40

Independent

60

 

 

 

 

 

Summative Assessment Strategy

 

Your achievement of the learning outcomes for this module will be tested as follows: Midterm exam (2hours), On-going exercises, Final Exam (3 hours)

Formative assessment is an aid to learning. It is designed to provide you with feedback on your progress and inform your development. Formative assessment is provided in this module through: Seminar activities including pure/basic and applied exercises; Tutorial/seminar feedback on assessment drafts; A mock/practice examination will also be completed.

 

Summative Assessments

 

 

Item

Final Item?

Assessment Method

Description

Learning Outcomes

Weighting %

001

No

Midterm Exam

2 Hour Closed Book Examination, formula sheet provided.

1, 2, 3, 4

30

002

No

Portfolio

Exercises, activition

1, 2, 3, 4

20

003

Yes

Final Written Exam

3 Hour Closed Book Examination, formula sheet provided.

1, 2, 3, 4

50

 

Summary

%

Final Written Exam

50

Midtern Exam

30

Portfolio

20

 

Learning Resources

                                                           

Description

John E. Freund & Benjamin M. Perles, Modern Elementary Statistics, 12/e, Pearson, 2007. (ISBN-10: 0131742582)

Joanne Smaailes & Angela McGrane, Essential Business Statistics, Pearson 2000

Francis, A. (2004) Business Mathematics and Statistics. 6th ed. London: Thomson Learning.

Bruce Bowerman & Richard O’Connell, Business Statistics in Practice, 6th ed. McGraw-Hill/Irwin 2010. (ISBN-13: 978-0073401836)

Calman Goozner, Business Math the Easy Way, 3rd ed., Barron 2000, (ISBN-10: 0764113593)

Ronald Pine, Mathematics with Business Applications, 4th ed., Glencoe/McGraw-Hill 1998.(ISBN-10: 0028147308)

 

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