Course Resources Archive
AC4002: Introduction to Quantitative Methods
| Module Title | Introduction to Quantitative Methods |
|---|---|
| Module Code | AC4002 |
| Module Tutor | Sue Peters |
| School | Accounting and Law |
| CAT Points | 15 |
| Level of Study | 4 |
| Pre-requisites | None |
| Co-requisites | None |
| Restrictions | Cannot be counted with ACC102 |
| Brief Description | This module equips students with a variety of technical and analytical skills that will be of use to them in their studies at subsequent levels. It also concentrates on those features of quantitative analysis which are of immediate relevance and aims to increase students’ confidence in their application. The context is the use of quantitative techniques in the financial and managerial decision-making processes, including financial mathematics, project planning and the collection, analysis and interpretation of data, including the use of spreadsheets and statistics software. The emphasis will be on problem solving in a variety of different areas. |
| Indicative Syllabus | The module will cover: financial mathematics (compound growth, discounting, APR, evaluation of capital projects); index numbers (price relatives, weighted indices, CPI and RPI); planning production levels (linear programming); project planning (network analysis); breakeven analysis; elementary probability (basic rules of probability, expected value, decision trees, introduction to hypothesis testing); collecting, presenting, analysing and interpreting data (including sampling methods, graphs, charts, basic statistical measures) to produce management information; investigating relationships between variables (correlation, regression using two variables with an introduction to multiple regression); forecasting (time series analysis). |
| Learning Outcomes | A student passing this module should be able to: 1. Apply basic financial mathematical techniques; (PLO3) 2. Evaluate and plan projects, using graphical linear programming, breakeven analysis and network analysis; (PLO3) 3. Apply various statistical techniques and the calculation of probabilities and the use of hypothesis testing to a range of financial management problems; (PLO3) 4. Develop problem solving skills; (PLO5) Develop communication and group work skills through coursework.(PLO9) |
| Learning and Teaching Activities | Scheduled Contact Hours: 36 Independent Learning Hours: 114 |
| Assessment (For further details see the Module Guide) | 001: 25% Written Exam: In-class, multiple choice: 0.75 hours 002: 25% Written Exam: In-class, multiple choice: 0.75 hours 003: 50% Coursework: Group work, standard, written: 1500 or equivalent |
| Special Assessment Requirements | |
| Indicative Resources | The Library Catalogue contains full details of the current reading list for this module. Further details may also be found in the Module Guide. |
Company Registration Number 06023243. VAT Number GB 886 1439 87.
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