Please have look the outlines for each modules.
Hi Nicole and Ray,
I’m writing to you as class reps with information about the QMIB and Finance modules for next term, as discussed at the centre board feedback meeting last week. Please find attached module outlines for each of these modules, which you can forward on to your class mates.
Remember that if students take the QMIB module then they may apply for any of the MSc programmes in the list below:
MSc Corporate & Financial Risk Management
MSc International Accounting, Finance & Strategy
MSc International Finance
MSc International Management
MSc Managing Knowledge & Intellectual Property
MSc Management & Entrepreneurship
MSc Management & Finance
MSc Technology and Innovation Management
However, if students decide to opt out of QMIB and take the Finance module instead, then they will NOT be able to apply for these 3 programmes:
MSc Corporate & Financial Risk Management
MSc International Finance
MSc Management & Finance
Please let me know if you need any further information.
Best wishes,
Joanna
Joanna Lee
Head of Centre
International Study Centre, UK
University of Sussex
Module Title: Quantitative Methods in Business
Pre-Masters Level: 2
Credits: 12
Aims and Objectives:
The module covers common mathematical techniques for managerial decision-making which are used in many business environments. The emphasis of the module is on practical application with extensive use of the Excel spreadsheet and its associated functions.
The specific aims are:
1 To ensure that students possess the basic numeracy skills required for a Masters course in either Business & Management or Economics
2 To introduce students to the notion of the importance of mathematical techniques in the decision-making processes for managers
3 To emphasise the importance of the effective presentation of statistical data in the business context
4 To give students the background to make decisions about the relative importance of particular methods of collecting, collating and/or displaying data.
Learning Outcomes:
On successful completion of this module students will be able to:
1 Demonstrate an understanding of mathematical notation, terminology, conventions and units
2 Interpret in mathematical terms verbal, graphical and tabular information
3 Apply mathematical methods and techniques
4 Show an appreciation of the importance of the mathematical and/or data gathering approach to managerial decision-making
Outline Syllabus
Week 1
Introduction to module and significance to Business and Management studies
Week 2
Organising and Representing Data
Sorting and classifying data; creating charts and graphs.
Week 3
Averages and Variability
Calculating averages and variability measures for raw and classified data.
Week 4
Probability and Decision Making
Definition of probability; use of probability trees; expected returns.
Week 5
Probability Distributions
Use of discrete and continuous distributions for estimating probability.
Week 6
Sampling and Estimation
Sampling theory; Central Limit theorem.
Week 7
Hypothesis Testing
Hypothesis testing with large and small samples.
Week 8
Correlation and Regression
Calculation and significance testing of correlation; linear regression.
Week 9
Prepare for examination – revision of topics and practice questions.
Week 10 Examination
Indicative References:
Oakshott Essential Quantitative Methods Macmillan Business, 1998
Carter and Williamson Quantitative Modelling for Management & Business Pitman, 1996
Morris Quantitative Approaches to Business Studies (4th edition) Pitman, 1996
Spiegel Statistics Schaum, 1997
Graham Statistics – An Introduction Hodder and Stoughton, 1995
Dowling Calculus for Business, Economics and the Social Sciences Schaum, 1990
Lapin Quantitative Methods for Business Decisions (6th edition) Duxbury
ASSESSMENT WEIGHTING AND PATTERNS:
Written examination: (2 hours 30 minutes) – 100%
To progress onto a Masters course a student needs to achieve the progression grade of 60-65%.
TIME ALLOWANCE FOR MODULE:
120 hours of student activity to include 55 hours of tutor contact time, the balance made up of assignments, preparation for tests and the terminal examination and self-study.
Curriculum Map
Assessment Mode
Learning
Outcomes
End of term examination
(1)
X
(2)
X
(3)
X
(4)
X
Module Title: Finance and Investment
Pre-Masters Level: 2
Credits: 12
Aims and Objectives:
The module is designed to consolidate and develop students’ understanding of the role played by finance and investment in the operation and strategic direction of the firm.
Students can use this content of this module to provide a topic for the Term 3 module ‘Business & Management 4: Case Study.’
The specific aims are;
(i) To develop students’ in-depth understanding of the key concepts covered in the field of finance and investment
(ii) For students to develop an applied understanding of key models and concepts within the discipline with the ability to critically evaluate their application
(iii) Provide an opportunity for students to use the field as a topic for the Term 3 module, ‘Business Management 4: Case Study’.
The main objective is for students gain a detailed knowledge of the subject areas as well as a critical understanding of the limitations of the models and concepts developed.
Learning Outcomes:
At the end of this course, the successful student should be able to:
(1) Demonstrate a detailed understanding of the subject area with reference to leading developments in the field
(2) Apply their understanding of concepts and models with a critically evaluative approach
(3) To demonstrate awareness of the limitations of the field of study and its application within the practical business environment
(4) Demonstrate confidence in the use of journals and related materials in their understanding of the subject matter
Outline Syllabus
· Week 1 – Introduction to finance and types of business organisation
Students will develop their understanding of the ways in which different forms of business organisation may raise finance.
Key topics to be covered;
Ø Overview of financial management
Ø Financial markets
Ø Sources of finance
· Weeks 2 & 3 – The PLC and the annual report
Students will gain a practical understanding of the key reporting mechanisms required to be undertaken by a Public Limited Company. This element of the course will be largely practical with students researching ‘live’ accounts of PLCs listed on the FTSE 100.
Key topics to be covered;
Ø The Balance sheet
Ø The cash flow statement
Ø The profit and loss account
· Weeks 4 & 5 - Investment risk and return
Students will gain an understanding the role played by analysis of risk and return in the determination of the financing of a business.
Ø Analysis of investment risk
Ø Net present value
Ø Types of risk
Ø Measurement of risk
Ø Adjusting NPV for risk
· Week 6 & 7 – Portfolio Theory
Students will acquire an understanding of the importance of balancing risk through a portfolio developing the elements of risk and return as established within weeks 4 & 5 of the course.
Ø Basic principles of portfolio analysis
Ø Degree of correlation
Ø Project appraisal
· Week 8 – Case Study
Students will use live FTSE 100 case studies to apply the principles learnt from the first part of the course. Students will further develop skills of analysis and application of principles whilst assisted by tutors in building the skills required for project work. The module may also be used as providing academic underpinning for the project module.
Week 9 – CAPM
Students will gain a more advanced understanding of the Capital Asset Pricing Model as a tool and model for determining and analyzing capital structure within the organization. They will be encouraged to develop the use of case studies made during Week 8 to apply their understanding.
Ø Relationship between equity markets
Ø Systematic risk
Ø Using CAPM
Ø Issues relating to CAPM
· Week 10 – End of term examination
Assessment and weighting
Examination – 1 1/2 hour examination taken during Week 10 of the term
70% of final mark
Coursework - 1000 word assignment related to case studies developed during week 8 of the term
30% of final mark
Reading list
Neale, B. & Pike, R. (2003) ‘Corporate Finance and Investment; Decisions and strategies’, Fourth edition, FT Prentice Hall
TIME ALLOWANCE FOR MODULE:
120 hours of student activity to include 55 hours of tutor contact time, the balance made up of assignments, terminal examination and self-study.
Curriculum Map
Assessment Mode
Learning
Outcomes
End of term examination
Coursework
(1)
X
X
(2)
X
(3)
X
(4)
X
X
If you need any further information, please let me know. I would love to help you! Or, you can contact with our teachers!!
Have a nice weekend everyone!!!!!!!! ^-^
Nicole
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