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Module/Course Description

Course Title: Quantitative methods

Course Code: UU-MTH-1005

Programme:

Credits: 12.00

Course Description:

Objectives of the Course:

• introduce students to the basic principles of management science / operational research and to familiarise them with a number of its concepts and tools
• develop students’ ability to build numerical models and to use these models to help propose policy alternatives
• develop students’ analytical skills
• develop students’ ability to summarise and present data in a professional way
• develop students’ skills in practical decision making
• provide a conceptual understanding of the role of the methods of science in decision making
• develop students’ ability to communicate effectively with non-technical managers.


Learning Outcomes:

1. discuss the importance of quantitative methods in problem solving and decision making
2. structure business problems so that these can be solved by quantitative means
3. select appropriate quantitative methods to address particular types of business problems
4. apply appropriate quantitative methods to solve particular types of business problems
5. develop quantitative models to help propose policy alternatives
6. develop skills in analytical and practical decision making
7. develop a conceptual understanding of the methods of science in decision making
8. summarise and present data in a professional way
9. communicate effectively with non-technical managers.

Prerequisites: UU-BA-IND100, UU-FNT-103

Prerequisites Categories: Semester 1, Semester 2

Typical Module duration: 4.0 Week(s)

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