First year module
Lecturer: Rob Fleming
The role of this module is to develop skills that students will require elsewhere on the programme and in business. The module consists of the following:
Semester 1 is designed provide a solid mathematical foundation. It includes numeracy, algebra, exponents, linear equations, polynomial functions, differential calculus; slope, and maxima and minima, functions of more than one variable, exponential functions, and financial mathematics.
Semester 2 is an introduction to Statistics: Descriptive statistics and frequency distributions. Discrete probability distributions; Continuous distributions: the Normal and exponential distribution. Interval estimation. Simple hypothesis testing. Correlation and simple regression.
Also included is the use of relevant Excel functions and routines.
By the end of the module students should be able to:
Calculate percentages and ratios
Solve exponent problems in financial mathematics
Differentiate functions and find maxima and minima
Solve problems with linear equations and inequalities
Calculate summarising statistics and plot appropriate graphs and charts.
Use and interpret discrete and continuous probability distributions
Apply the basic principles of hypothesis testing
Carry out simple correlation and regression analysis
- 3 hr examination, coursework assignments