BUS-221 Quantitative Methods

Dear Students,

Welcome to the BUS-221 Quantitative Methods module! This course will enable you to examine a number of important quantitative methods of relevance in business studies.  It focuses on decision making in business situations.

Aims

The aims of this module are to enable the student to:

 Discuss indexes (especially those used for business purposes) and concepts related to probability theory, including independent and dependent events.

 Understand different forecasting models, and how to use these in business settings, and what their limitations are.

 Understand decision making models and how they can be used to solve business problems.

 Discuss and use queuing theory for common business situations.

 Discuss and use linear programming for common business situations.

Please refer to your Module Implementation Plan to prepare for each class. I will also upload the relevant PPT and handouts at the end of each lecture.

Thanks and regards!

Michael

Weekend Homework-Reading

Hi Everyone

I hope you enjoy your weekend. In preparation for next week please read and make notes on the following articles.

Trade Issues – Tarriffs Xi visits Modi World Dairy CPI in UK e Keynesian Model and the Classical Model of the Economy

Also here are the PPTs for the lesson on Tuesday which deals with Aggregate Demand and Aggregate Supply.

 

Macro_Lesson7_AGGREGATE_2018

 

Also – on Tuesday I will give direct feedback to each group on their GDP presentations. This will take place during tutorials.

 

Have a good weekend and if you manage to visit ZARA have a look at the labels to see where the products are made.

Peter

Homework Essay Topic

HI

For those of you who weren’t in Tutorial on Wednesday here is the essay question to be handed in on Friday.

a) List and describe the key components of the GDP. Comment on how the percentages of each category may differ with regard to a developed country such as the UK and undeveloped country such as India (15 marks)

b) Explain the limitations of using the GDP as an effective measure of a country’s economic wellbeing ( 5 marks)

Your answer should be at least 450 words.

 

Peter

Macro Economics

Hi everyone

Well done for all your hard work on Micro Economics.

You are now fully prepared for Macro. Attached are the ppts for the first two lessons. Because of the holiday on Monday the 24th we will be working to the maximum on the other days.  You will learn the meaning of the expression – there is no such thing as a “free lunch”.

Enjoy your weekend

Peter

Macro Lessons 1:2_2018

 

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