Module FINN1047: Quantitative Methods 1

Department: Finance

FINN1047: Quantitative Methods 1

Tied To

• N305: Finance
• N306: Finance with Placement Year
• N307: Finance with Study Abroad
• N311: Accounting and Finance
• N312: Accounting and Finance with Placement Year
• N313: Accounting and Finance with Study Abroad
• N408: Accounting
• N409: Accounting with Placement Year
• N410: Accounting with Study Abroad

Pre-requisites

Corequisites

Excluded Combinations

Aims

• To provide the fundamental quantitative techniques needed for a degree in finance and cognate areas.
• Provide a rigorous introduction to the foundation mathematical techniques needed for various modules throughout the degree program.

Content

• Basic mathematical operations, introduction to set theory, basic algebra and mathematical logic.
• Functions and operators.
• Differential calculus and optimization.
• Integral calculus.
• Matrices, matrix algebra and matrix differential calculus.
• Advanced concepts in mathematics.

Learning Outcomes

• By the end of the module students should:
• be able to undertake standard mathematical techniques and have the foundational skills to understand new methods introduced in further core and optional modules.
• be able to identify which mathematical technique is required for solving particular problems.
• understand the use of symbolic mathematical objects and operations.
• be able to apply specific mathematical operations in a variety of contexts.
• should have acquired the range of analytical mathematical skills that could be applied at later points in the program of study and be able to adapt standard approaches across a range of contexts.

• An array of mathematical skills widely used in finance and business.
• Engage in applied problem solving across a range of contexts in finance and related disciplines.

• Written communication - through summative assessment.
• Planning and organisation and time management - through the preparing for workshops, by revising relevant material and preparing for the summative assessment and In-Year Test.
• Problem solving and analysis - by applying the necessary analytical and quantitative skills.
• Initiative - by searching relevant literature and information in preparation for assessed work.
• Numeracy - by applying core mathematical skills to solve a range of problems.
• Computer literacy - through the use of appropriate mathematics software.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

• Interactive workshops will support students' active engagement in learning, and will identify key reading and exercises.
• The workshops combine introductory lecture style provision with active student group work and finally a plenary to review and reflect.
• Extensive use of homework problems are used to embed knowledge and skills.
• Continuous formative assessment is undertaken within the scheduled workshops.
• Summative assessment consists of conducted two In-Year Online Tests, and a summative assignment. The two 30-minute summative online tests are designed to assess understanding of core concepts and their application in specific contexts, and are taken within a specified 24-hour assessment window. The assignment requires students to demonstrate deeper analytical and problem-solving skills across a broader range of contexts.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment

A range of exercises will be completed throughout the module in workshops. One practice test in-class.