Short Title:Business Mathematics 2
Full Title:Business Mathematics 2
Module Code:MATH H1011
 
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 Calculate probabilities using the normal probability distribution
LO2 Estimate population parameters and test hypotheses.
LO3 Calculate the value of investments, annuities and repayments.
LO4 Calculate trends and forecast future values in time series.
LO5 Describe price changes using index numbers.
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) %
The Normal Probability Distribution
Continuous random variables. The standard normal distribution and z-scores. Normal probabilities for any mean and standard deviation.
20.00%
Sampling, Estimation and Hypothesis Testing
Random sampling. Non-random sampling: systematic, cluster, stratified ad quota sampling. Bias. The central 95% of a normal distribution. Point estimates. Confidence interval estimates. Two sided hypothesis tests. Sample size. The t-distribution and t-tests.
20.00%
Financial Mathematics
Simple and compound Interest. Present value. Nominal and effective rates of interest. Annuities. Net present value and investment appraisal. Bonds.
20.00%
Forecasting Techniques
Time series. Components of a time series. Calculation of trend and seasonal variations. Deseasonalised data. Forescasting
20.00%
Index Numbers
Construction and use of index numbers. Laspeyres, Paasche’s and Fisher’s indices. Change of base. Deflation of data
20.00%
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 In-class exam, one hour in duration 1,2 30.00 Week 6
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 Class 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, rth Ed., Thomson
  • Jenkins, G.W. & Slack, J.L. 1988, Statistics and Probability, Heinmann Educational Books
  • Owen, F. & Jones, R. 1990, Statistics, 3rd Ed., Pitman Publishing
This module does not have any article/paper resources
Other Resources
 

Module Delivered in

Programme Code Programme Semester Delivery
TA_BAACC_B Bachelor of Business (Honours) in Accounting & Finance 2 Mandatory
TA_BAMNG_B Bachelor of Business (Honours) in Management 2 Mandatory
TA_BAMKT_B Bachelor of Business (Honours) in Marketing 2 Mandatory
TA_BAACC_D Bachelor of Business in Accounting & Finance 2 Mandatory
TA_BAMNG_D Bachelor of Business in Management 2 Mandatory
TA_BAMKT_D Bachelor of Business in Marketing 2 Mandatory
TA_BACCT_C Higher Certificate in Business in Accounting 2 Mandatory
TA_BADMN_C Higher Certificate in Business in Business Administration 2 Mandatory
TA_BMKTG_C Higher Certificate in Business in Marketing 2 Mandatory