Short Title:Business Mathematics 1
Full Title:Business Mathematics 1
Module Code:MATH H1013
 
Credits: 5
NFQ Level:6
Field of Study:Management and administration
Module Delivered in 9 programme(s)
Reviewed By:PHIL MULVANEY
Module Author:DENISE MOORE
Module Description:The aim of this module is to provide the student with the necessary knowledge, information and awareness of the mathematical content within the business environment.
Learning Outcomes
On successful completion of this module the learner will be able to:
LO1 Apply Differential Calculus to optimize business functions
LO2 Organise and present statistical data, and from this calculate summary statistics.
LO3 Analyse linear relationships between two variables.
LO4 Calculate probability of simple and compound events.
LO5 Use the Binomial and Poisson probability distributions to calculate probabilities.
Pre-requisite learning
Co-requisite Modules
No Co-requisite modules listed
 

Module Content & Assessment

Content (The percentage workload breakdown is inidcative and subject to change) %
Calculus
Basic differential calculus. Business functions: cost, price, revenue, profit. Marginal functions. Maximum and minimum problems.
15.00%
Working with Data
Classification, tabulation and graphical representation of data. Continuous and discrete data. Class boundaries. Frequency distributions. Histograms. Cumulative frequency distributions and ogives
10.00%
Summary Statistics
Sample and population. Statistic and parameter. Measure of location: mean, median and mode. Measures of dispersion: range, standard deviation, quartile deviation and co-efficient of variation.
20.00%
Correlation and Regression
Scatter Diagrams. Positive and negative correlation. Coefficient of correlation. Linear Regression. Interpolation and extrapolation.
20.00%
Introduction to Probability
Definitions of probability. Calculating probabilities of simple events. Permutations and combinations. Calculating probabilities of compound events. Mutually exclusive and independent events.
20.00%
Discrete Probability Distributions
Discrete random variables. Binomial and Poisson distributions
15.00%
Assessment Breakdown%
Course Work30.00%
End of Module Formal Examination70.00%
Course Work
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Continuous Assessment The first continuous assessment will be one individual assessment taken mid-semester. It will be an in-class exam, one hour in duration. 1,3 20.00 Week 6
Continuous Assessment The second continuous assessment is a statistics problem. The student has to create a histogram, pie chart and frequency curve using the data set given and employing the skills learnt in the Fundamentals of Information Systems module. 2 10.00 Week 10
End of Module Formal Examination
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Formal Exam End-of-Semester Final Examination 1,2,3,4,5 70.00 End-of-Semester

IT Tallaght reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Class Based Instruction 3.00 Every Week 3.00
Independent Learning Completing assignments, reading additional material 6.00 Every Week 6.00
Total Weekly Learner Workload 9.00
Total Weekly Contact Hours 3.00
Workload: Part Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Classed Based Instruction 2.00 Every Week 2.00
Independent Learning Completing Assignments, reading additional material 7.00 Every Week 7.00
Total Weekly Learner Workload 9.00
Total Weekly Contact Hours 2.00
 

Module Resources

Required Book Resources
  • James Reilly 2006, Using Statistics, Gill & Macmillan
Recommended Book Resources
  • Andre Francis 2005, Business Mathematics and Statistics,, 6th Ed., Thompson
  • Jenkins, G.W. & Slack, J.L 1988, Statistics and Probability, Heinmann Educational Books
  • Owen, F. & Jones, R 1990, Statistics, 3rd Ed., Pitman Publisihing
This module does not have any article/paper resources
This module does not have any other resources
 

Module Delivered in

Programme Code Programme Semester Delivery
TA_BAACC_B Bachelor of Business (Honours) in Accounting & Finance 1 Mandatory
TA_BAMNG_B Bachelor of Business (Honours) in Management 1 Mandatory
TA_BAMKT_B Bachelor of Business (Honours) in Marketing 1 Mandatory
TA_BAACC_D Bachelor of Business in Accounting & Finance 1 Mandatory
TA_BAMNG_D Bachelor of Business in Management 1 Mandatory
TA_BAMKT_D Bachelor of Business in Marketing 1 Mandatory
TA_BACCT_C Higher Certificate in Business in Accounting 1 Mandatory
TA_BADMN_C Higher Certificate in Business in Business Administration 1 Mandatory
TA_BMKTG_C Higher Certificate in Business in Marketing 1 Mandatory