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2019/20 Undergraduate Module Catalogue

LUBS1275 Mathematics and Statistics for Economics and Business 1A

10 creditsClass Size: 250

Module manager: Tad Gwiazdowski
Email: T.Gwiazdowski@leeds.ac.uk

Taught: Semester 1 View Timetable

Year running 2019/20

Pre-requisite qualifications

GCSE Maths Grade A or 7

This module is mutually exclusive with

LUBS1525Analytical Methods
LUBS1630Introductory Statistics for Business
MATH0111Elementary Diff Calculus 1
MATH0365Foundation Probability and Statistics
MATH1050Calculus and Mathematical Analysis
MATH1400Modelling with Differential Equations
MATH1710Probability and Statistics I

Module replaces

LUBS1260 Mathematics for Economics and Business 1 (in full)LUBS1270 Statistics for Economics and Business 1 (in part)LUBS1280 Mathematical Economics (in part)

This module is not approved as a discovery module

Module summary

This modules in an introduction to mathematics and statistical tools that are required to understand economics and business. It is intended to provide both an introduction to these tools for students with a less quantitative background and a refresher for those looking to enhance their existing understanding of fundamental mathematical methods.PLEASE NOTE: This module is NOT available to any students on single or joint honours programmes in Mathematics.

Objectives

This module aims to provide students with an introduction to core skills in the areas of mathematics and statistics that are fundamental to other taught topics undertaken as part of Leeds University Business School (LUBS) courses. It introduces the basic mathematical and statistical tools that are pre-requisites for understanding economics and business.

Learning outcomes
Upon completion of this module students will be able to:
- understand the fundamental techniques of mathematics and statistics associated with economics and business
- use and apply the techniques to economics and business examples

Skills outcomes
Upon completion of this module students will be able to :
Transferable:
- begin to apply logic to solve problems

Subject specific:
- begin to utilise mathematics and statistics as tools to solve problems in economics and business


Syllabus

Indicative content:
Algebra and functions;
One Variable Calculus;
Logarithms and exponentials;
Inequality and limits;
Introduction to probability; and
Data and descriptive statistics.

Teaching methods

Delivery typeNumberLength hoursStudent hours
Lecture211.0021.00
Seminar51.005.00
Private study hours74.00
Total Contact hours26.00
Total hours (100hr per 10 credits)100.00

Private study

Students will be required to engage with the lecture and seminar material and, in particular, solve independently problems which will deepen their understanding of the material.

Opportunities for Formative Feedback

Students will complete bi-weekly seminars and be given the opportunity for some formative feedback. Students will also be asked to complete questions in lectures and to engage with multiple choice questions throughout the semester.

Methods of assessment


Exams
Exam typeExam duration% of formal assessment
Standard exam (closed essays, MCQs etc)2 hr 100.00
Total percentage (Assessment Exams)100.00

The resit for this module will be 100% by 2 hour examination.

Reading list

The reading list is available from the Library website

Last updated: 30/04/2019

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