FP039-15 Essential Mathematics
Introductory description
FP039-15 Essential Mathematics
Module aims
To provide students with the mathematical competence necessary for subsequent degree-level study in Management or Business.
To develop students’ awareness of mathematical tools for modelling the characteristics of business decisions.
Outline syllabus
This is an indicative module outline only to give an indication of the sort of topics that may be covered. Actual sessions held may differ.
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Number: Rational number equivalences, Numerical accuracy.
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Algebra: Fundamentals of Algebra, Algebraic equations, Coordinate geometry, Simultaneous equations, Inequalities.
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Discrete Maths: Graph theory, Critical path analysis, Gantt charts, Scheduling diagrams.
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Statistics: Summary statistics; including from grouped data, Data and Data presentation, Bi-variate data, Correlation and Regression including hypothesis testing.
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Probability: Elementary Probability, Laws of Probability, Probability Distributions.
Learning outcomes
By the end of the module, students should be able to:
- Evaluate a range of mathematical skills and techniques and apply them to problems that arise in a business setting
- Select and apply basic statistical techniques and statistical methodologies in order to analyse a range of problems in a business setting
- To apply diagrams, graphs and technology to help explore mathematical situations and analyse these in a business and real-world context
- Apply probability concepts to model uncertain real-world contexts and understand the outcomes.
Indicative reading list
Essential Maths for Business and Management (Morris, 2007)
Foundation Maths (Croft and Davison, 2016)
View reading list on Talis Aspire
Interdisciplinary
The module takes Mathematics and applies it directly to the real world of business to solve problems effectively and efficiently and with verifiable significance.
Subject specific skills
Hypothesis testing to verify significance, numeracy, use of technology and power of analysis to decide methodology.
Transferable skills
Delivering a project, report writing, technical analysis of real world problems.
Study time
Type | Required |
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Lectures | 12 sessions of 1 hour (8%) |
Seminars | 36 sessions of 1 hour (24%) |
Private study | 72 hours (48%) |
Assessment | 30 hours (20%) |
Total | 150 hours |
Private study description
Independent study
Costs
No further costs have been identified for this module.
You must pass all assessment components to pass the module.
Assessment group A3
Weighting | Study time | Eligible for self-certification | |
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Assessment component |
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Project Management Coursework | 50% | 15 hours | Yes (extension) |
Individuals are project managers, for one of 3 projects, for one construction company. Submission of individual analysis as a separate document. Communication via forum on Moodle/Teams. |
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Reassessment component is the same |
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Assessment component |
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End of module test | 50% | 15 hours | No |
Statistics and Hypothesis testing formal calculations needed for undergraduate study. |
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Reassessment component is the same |
Feedback on assessment
Written comments on the script and in Tabula.
Courses
This module is Core for:
- Year 1 of FIOE Warwick International Foundation Programme