ECO-10027 - Quantitative Methods II
Coordinator: Rumman Khan Room: SIH UG.020 Tel: 01782733781
Lecture Time: See Timetable...
Level: Level 4
Credits: 15
Study Hours: 150
School Office: 01782 733094

Programme/Approved Electives for 2023/24

None

Available as a Free Standing Elective

No

Co-requisites

None

Prerequisites

None

Barred Combinations

None

Description for 2023/24

This module is designed to familiarise students following Economics, Finance and related programmes of study, with the essential quantitative methods to understand Economic, Finance and related discipline theories and applications. These comprise the rules of calculus and its use in optimisation problems together with the ability to employ inferential statistics, knowledge of probability and probability distributions, and the ability to test hypotheses using information drawn from samples and populations.

Aims
Building on Quantitative Methods I, this module familiarises students with the essential calculus and statistics methods that are necessary for the study of Economics, Finance and related disciplines. The module looks at methods useful for handling linear and other simple forms of equations, for the analysis of optimising behaviour, descriptive statistics, and the methodology for sampling.

Intended Learning Outcomes

recognize the distinction between sample level and population level information in the context of economics and finance: 1
recognize and apply the economic meaning and relevance of the "margin" and utilize a variety of mathematical tools to apply the concept to a range of economic and finance problems: 1,2
use calculus to find optimal (constrained and unconstrained) values in a range of economic and business applications: 1,2
apply sample level information to draw inferences about population behaviour in the context of a range of business-related problems: 1

Study hours

Lectures - 20 hours
Seminar/Tutorial classes - 6 hours
Preparation for classes - 36 hours
Independent study - 85 hours
Assessment- 3 hours

School Rules

Module pre-requisites: either Quantitative Methods I module or equivalent.

Description of Module Assessment

1: Open Book Examination weighted 60%
2-hour exam
This is a 28 hour open-booked assessment, the exam questions should take 2 hours to complete but students have 28 hours to attempt them and submit answers online. It will cover all content from the module. Students are given 5 questions and must answer 3 of them.

2: Class Test weighted 40%
Midterm examination
Computer-based Test on material covered in the first part of the module, which is available for 28-hours during teaching week 7, but the students once they start the exam, they should finish and submit their answer within 60 minutes otherwise the system will submit the answer automatically.