2016/17 Undergraduate Module Catalogue

MATH0380 Foundation Applied Mathematics for Business

10 creditsClass Size: 80

Module manager: Professor Grant Lythe
Email: G.D.Lythe@leeds.ac.uk

Taught: Semester 2 (Jan to Jun) View Timetable

Year running 2016/17

Pre-requisite qualifications

MATH0111 or equivalent. This module is not available to students who have a Maths A-level (or equivalent)

This module is mutually exclusive with

LUBS1260	Mathematics for Economics and Business 1
LUBS1270	Statistics for Economics and Business 1
LUBS1280	Mathematical Economics

This module is approved as a discovery module

Module summary

A basic course for students who have not done A-level Mathematics. The module covers some basic mathematical techniques which have applications in Business and in Economics. It has been designed for Foundation year students intending to proceed to degree programmes in the Business School.

Objectives

On completion of this module students should be able to:
- solve systems of linear equations in 2 or more unknowns
- solve problems involving compound interest and geometric series
- solve simple difference equations
- carry out basic algebraic operations on matrices
- evaluate determinants of 2 x 2 and 3 x 3 matrices
- apply any of the above techniques to problems in business and economics.

Syllabus

- Graphs of linear equations, elimination methods, supply and demand analysis
- Percentages, compound interest, discounting, geometric series, calculating the APR
- Linear difference equations, simple economic models
- Addition, subtraction and multiplication of matrices
- The inverse of a matrix
- Evaluation of determinants
- Eigenvalues of a matrix
- Linear programming

Teaching methods

Delivery type	Number	Length hours	Student hours
Lecture	33	1.00	33.00
Private study hours			67.00
Total Contact hours			33.00
Total hours (100hr per 10 credits)			100.00

Private study

Studying and revising of course material.
Completing of assignments and assessments.

Example classes will be covered in the lectures.

Opportunities for Formative Feedback

Regular problem solving assignments



!!! In order to pass the module, students must pass the examination. !!!

Methods of assessment

Coursework

Assessment type	Notes	% of formal assessment
In-course Assessment	.	15.00
Total percentage (Assessment Coursework)		15.00

There is no resit available for the coursework component of this module. If the module is failed, the coursework mark will be carried forward and added to the resit exam mark with the same weighting as listed above.

Exams

Exam type	Exam duration	% of formal assessment
Standard exam (closed essays, MCQs etc)	2 hr 00 mins	85.00
Total percentage (Assessment Exams)		85.00

Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated

Reading list

The reading list is available from the Library website

Last updated: 25/07/2016

Disclaimer

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