Classes with be practical in focus, using example questions to illustrate key points and theories. Students will be expected to complete work-sheets in their independent learning time to re-enforce understanding of key issues
Module Aim:
To give a thorough grounding in the mathematics required for the successful understanding and solution of business problems.
Learning Outcomes
On successful completion of this module the learner should be able to:
LO1
Apply mathematical skills to solve numerical problems in the area of business
LO2
Solve financial mathematical problems and manipulate formula, as appropriate
LO3
Appraise capital investment projects on the basis of Net Present Value and Internal Rate of Return
Pre-requisite learning
Module Recommendations
This is prior learning (or a practical skill) that is recommended before enrolment in this module.
No recommendations listed
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements
This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed.
No requirements listed
Module Content & Assessment
Indicative Content
Mathematics of Finance
• Simple and compound interest
• Present and Future Value
• Discounting
• Arithmetic series and their application to regular investments
• Annuities and their Present Value
• Straight line and reducing balance methods of depreciation
Capital Investment Appraisal
• Net Present Value of investments
• Internal Rate of Return
• Straight line and reducing balance methods of depreciation
Equations
• Linear and quadratic equations and their graphs
• Solving simultaneous equations
• Simultaneous inequalities
• Graphing inequalities
• Graphical solution of Linear Programming problems
Calculus
• Differentiation and Applications/Rules of Differentiation
• Maximum and Minimum points
• Graphing Economic Functions
• Business Applications:
• Marginal Cost, Marginal Revenue, Profit Maximisation
Assessment Breakdown
%
Continuous Assessment
100.00%
Continuous Assessment
Assessment Type
Assessment Description
Outcome addressed
% of total
Assessment Date
Examination
In-class test to reinforce learning
1,2,3
50.00
n/a
Other
In-class test to reinforce learning
1,2,3
50.00
n/a
No Project
No Practical
No End of Module Formal Examination
SETU Carlow Campus reserves the right to alter the nature and timings of assessment