To give a thorough grounding in the mathematics required for the successful understanding and solution of business problems.
Learning Outcomes
On successful completion of this module the learner will be able to:
#
Learning Outcome Description
LO1
Apply mathematical skills to solve numerical problems in the area of business
LO2
Solve financial mathematical problems and manipulate formula, as appropriate
LO3
Appraise capital investment projects on the basis of Net Present Value and Internal Rate of Return
Dependencies
Module Recommendations
This is prior learning (or a practical skill) that is recommended before enrolment in this module.
No recommendations listed
Co-requisite Modules
No Co-requisite modules listed
Additional Requisite Information
No Co Requisites listed
Indicative Content
Mathematics of Finance
• Simple and compound interest
• Present and Future Value
• Discounting
• Arithmetic series and their application to regular investments
• Annuities and their Present Value
• Straight line and reducing balance methods of depreciation
Capital Investment Appraisal
• Net Present Value of investments
• Internal Rate of Return
• Straight line and reducing balance methods of depreciation
Equations
• Linear and quadratic equations and their graphs
• Solving simultaneous equations
• Simultaneous inequalities
• Graphing inequalities
• Graphical solution of Linear Programming problems
Calculus
• Differentiation and Applications/Rules of Differentiation
• Maximum and Minimum points
• Graphing Economic Functions
• Business Applications:
• Marginal Cost, Marginal Revenue, Profit Maximisation
Module Content & Assessment
Assessment Breakdown
%
Continuous Assessment
100.00%
Assessments
Full Time
Continuous Assessment
Assessment Type
Examination
% of Total Mark
50
Timing
n/a
Learning Outcomes
1,2,3
Non-marked
No
Assessment Description In-class test to reinforce learning
Assessment Type
Other
% of Total Mark
50
Timing
n/a
Learning Outcomes
1,2,3
Non-marked
No
Assessment Description In-class test to reinforce learning
No Project
No Practical
No End of Module Formal Examination
Reassessment Requirement
Exam Board It is at the discretion of the Examination Board as to what the qualifying criteria are.
SETU Carlow Campus reserves the right to alter the nature and timings of assessment
Module Workload
Workload: Full Time
Workload Type
Workload Category
Contact Type
Workload Description
Frequency
Average Weekly Learner Workload
Hours
Lecture
Contact
Class attendance and participation
12 Weeks per Stage
3.00
36
Independent Learning
Non Contact
Understanding of key concepts, examination preparation
15 Weeks per Stage
5.93
89
Total Weekly Contact Hours
3.00
Workload: Part Time
Workload Type
Workload Category
Contact Type
Workload Description
Frequency
Average Weekly Learner Workload
Hours
Lecture
Contact
Class attendance and participation
12 Weeks per Stage
1.50
18
Independent Learning
Non Contact
Understanding and applying key concepts, examination preparation
15 Weeks per Stage
2.97
44.5
Total Weekly Contact Hours
1.50
Module Resources
Recommended Book Resources
Andy Francis. (2015), Business Mathematics and Statistics, 7th Edition. Cengage Learning EMEA, [ISBN: 1844801284].
This module does not have any article/paper resources