Management Analysis

Learning Outcomes

Subject Specific Practical Skills

Having successfully completed this module you will be able to:

• build quantitative models, which aid the solution of management problems and decision making;
• have familiarity and confidence in the use of mathematical notation and basic mathematical skills used in managerial problem solving.

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• apply mathematics and statistics knowledge to model common business/management problems.
• solve basic mathematics and statistics problems in a business/management context;

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

• the basic probability concepts;
• the basics of Algebra and how it is applied in business;
• the basic optimisation techniques;
• the basic decision-modelling techniques;
• data collection and data presentation techniques.
• the basics of Financial Mathematics;

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• critical analysis and decision making skills whether working alone or with a group, quantitative analysis including using spreadsheet tools.

• Stock control as an example of optimisation
• Linear programming for product mix and cost-benefit problems
• Interest rates and value of cash flow
• Probability and introductory statistics
• Decision making under uncertainty
• Summarising and communicating data
• Simple linear regression

Teaching and learning methods

Teaching methods include:

• Recorded micro lectures
• mini quizzes
• Weekly quizzes
• Classes
• Computer laboratory sessions.

Learning activities include:

• Facilitating learning through group discussions and working in groups on projects related to the material of the course
• Individual learning through using course material on new problem solving exercises.

Resources & Reading list

Textbooks

Morris C. (2000). Quantitative Approaches in Business Studies. FT Prentice Hall.

Swift, L., and Piff, S. (2010). Quantitative Methods for Business, Management and Finance. Palgrave McMillan.

Wisniewski, M. (2002). Quantitative Methods for Decision-Makers. London: Pitman.

Waters, D. (2001). Quantitative Methods for Business. FT Prentice Hall.

Formative

This is how we’ll give you feedback as you are learning. It is not a formal test or exam.

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.

Repeat Information

Repeat type: Internal & External