Course Details in 2017/18 Session
|Module Title ||LC Advanced Analytical Techniques for Business|
|School||Birmingham Business School|
|Department || Birmingham Business School|
|Module Code || 07 26361 |
|Module Lead ||Rob Fleming|
|Level || Certificate Level |
|Credits || 20 |
|Semester|| Full Term|
|Restrictions || None |
Guided independent study-125 hours
Practical Classes and workshops-8 hours
Total: 200 hours
|Exclusions || |
|Description || The role of this module is to develop skills that students will require elsewhere on the programme and in business. The module consists of the following:|
Semester 1 concerns the application of mathematics to a range of finance, accounting and business problems, including savings accumulation, loan repayment, project evaluation, depreciation and linear programming, project planning and inventory control.
Semester 2 is an introduction to Statistics: Descriptive statistics and frequency distributions. Discrete probability distributions; Continuous distributions: the Normal and exponential distribution. Interval estimation. Simple hypothesis testing. Correlation and simple regression.
Also included is the use of relevant Excel functions and routines.
|Learning Outcomes || By the end of the module students should be able to:|
- Execute a range of financial calculations;
- Formulate and solve Linear Programming problems;
- Solve a basic inventory model;
- Calculate and comment upon summarising statistics and plot appropriate graphs and charts;
- Use and interpret discrete and continuous probability distributions;
- Apply the basic principles of hypothesis testing;
- Carry out simple correlation and regression analysis.
26361-01 : Exam : Exam (Centrally Timetabled) - Written Unseen (60%)
26361-02 : Multiple Choice Test : Class Test (15%)
26361-03 : Excel Data Test : Class Test (25%)
|Assessment Methods & Exceptions || Assessments: 2 hour exam (60%), Coursework (1) Multiple Choice test (15%), Coursework (2) Excel data summary task in semester 2 (25%)|
Re-assessed by a 2 hour written exam (100%).
|Other || |