Details for Quantitative Skills

Good business’ need to be able to effectively run the books!

This subject aims to provide students with the fundamental mathematical skills essential to answer financial problems. This subject presents students with foundational concepts, preparing students for progression into statistical, accounting, and finance subjects. Throughout the subject, students will review basic financial mathematics, basic algebra, and differentiation and optimisation, and will be introduced to the econometric modelling, and bivariate regression analysis with applications to finance.

Awards offering Quantitative Skills

This unit is offered as a part of the following awards:

• Diploma of Business

Unit Content

Outcomes

1. Explain the basic rationale and application of relevant quantitative approaches in contexts of business, economics, finance and management;
2. Demonstrate the use of quantitative skills in solving problems in business;
3. Describe the relationship between financial quantities using linear (bivariate) regression;
4. Demonstrate an understanding of business statistics.

Subject Content

1. Review of basic financial mathematics
2. Basic algebra 
3. Differentiation and optimisation
4. Introduction to the econometric modelling
5. Bivariate regression analysis with applications to finance

This course may be offered in the following formats

• Face to Face (on site)
• E-learning (online)

Please consult your course prospectus or enquire about how and when this course will be offered next at Alphacrucis College.

Assessment Methods

• Tests (accumulative) (40%)
• Case Study (1000 words) (30%)
• Exam (90min) (30%)

Prescribed Text

Bluman, A.G. Business Math Demystified, McGraw-Hill, 2006.

Bluman, A.G. Probability Demystified, McGraw-Hill, 2012.