MSCI110-07S1 (C) Semester One 2007

Quantitative Methods for Business

18 points

Details:
Start Date: Monday, 26 February 2007
End Date: Sunday, 1 July 2007
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Sunday, 11 March 2007
  • Without academic penalty (including no fee refund): Sunday, 27 May 2007

Description

Using quantitative and statistical methods in business applications. Modelling with spreadsheets. This course is designed specifically for Commerce students.

This course provides a foundation of statistics and mathematics from a user’s point of view. The emphasis is on sensible and correct use of statistical and mathematical tools in real-life problems and critical interpretation of quantitative reporting. It will assume fairly elementary levels of competence in mathematics. Excel will be used as a tool within the course.

Learning Outcomes

Topics Covered:
Use of functions
Drawing and interpreting graphs – slopes, intercepts, turning points
Converting problems into algebraic form and algebraic solution methods
Excel: building Business models
Interest; Discounting; Annuities; Internal rate of return
Probability, random variables, mean and standard deviation
Binomial distribution and Normal Distribution
Levels of measurement
Statistical graphs; Graphing using Excel
Sampling; Descriptive statistics
Hypothesis tests – introduction to inference; Interpreting the p-value; t-tests
Categorical data
Correlation and linear regression
Time series and index numbers

Restrictions

Course Administrator

Nicola Petty

Lecturers

Irene David and Nicola Petty

Assessment

Assessment Due Date Percentage  Description
Final Examination 100% Final Examination


A Pass grade is achieved when the student has passed all the module tests. Students may sit each test repeatedly until they have passed. The final examination is optional. Students who have passed all the module tests are eligible but not obligated to sit the final examination. The examination result will be a letter grade of C or above. A student who has passed the module tests and chooses to sit the examination will not receive a failing grade.

Students who do not complete the six modules may carry completed modules over for one additional enrolment in the course within two years.

Textbooks / Resources

Required Texts

Swift, Louise. , Piff, Sally; Quantitative methods for business, management and finance / Louise Swift and Sally Piff ; 2nd ed; Palgrave Macmillan, 2005.

Notes

Relationship to Other Courses:
This is a service course in statistics and mathematics necessary for students majoring in a non-mathematical commerce subject, such as AFIS and Marketing and Management.

Departmental Academic Policies
If you want a hard copy of this document, please ask the course co-ordinator. The Department assumes that you have read this document. You should also read the “Information related to courses and assessment” on page 350 of the Enrolment Handbook 2007 (also in UC Calendar under “General Course and Examination Regulations”).

Indicative Fees

Domestic fee $625.00

International fee $2,550.00

* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.

For further information see Management, Marketing and Tourism .

All MSCI110 Occurrences

  • MSCI110-07S1 (C) Semester One 2007
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