Quantitative Methods in Business (MATH20320)mathsci.ucd.ie/~rsmith/pdfs/quant/intro.pdf ·...

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Quantitative Methods in Business (MATH20320) Dr Richard Smith maths.ucd.ie/~rsmith Dr Richard Smith (maths.ucd.ie/~rsmith) Quantitative Methods in Business (MATH20320) Semester 2 2012 – 2013 1/7

Transcript of Quantitative Methods in Business (MATH20320)mathsci.ucd.ie/~rsmith/pdfs/quant/intro.pdf ·...

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Quantitative Methods in Business

(MATH20320)

Dr Richard Smith

maths.ucd.ie/~rsmith

Dr Richard Smith (maths.ucd.ie/~rsmith) Quantitative Methods in Business (MATH20320) Semester 2 2012 – 2013 1 / 7

Page 2: Quantitative Methods in Business (MATH20320)mathsci.ucd.ie/~rsmith/pdfs/quant/intro.pdf · Quantitative Methods in Business (MATH20320) ... Tuesdays 10.00 – 10.50, ... interested

Introduction Module Details

Module DetailsLecturesTuesdays 10.00 – 10.50, Theatre Q ArtsThursdays 10.00 – 10.50, Theatre N ArtsFridays 11.00 – 11.50, Theatre N Arts.

TutorialsWednesdays 13.00 – 13.50, QUI 009 – 011, most weeks, starting 30th January.

Lecturer – Dr Richard SmithEmail: [email protected]: maths.ucd.ie/~rsmith

Lecture notes, slides, homework etc.Blackboard (https://elearning.ucd.ie/)

Dr Richard Smith (maths.ucd.ie/~rsmith) Quantitative Methods in Business (MATH20320) Semester 2 2012 – 2013 2 / 7

Page 3: Quantitative Methods in Business (MATH20320)mathsci.ucd.ie/~rsmith/pdfs/quant/intro.pdf · Quantitative Methods in Business (MATH20320) ... Tuesdays 10.00 – 10.50, ... interested

Introduction Module Details

Module DetailsLecturesTuesdays 10.00 – 10.50, Theatre Q ArtsThursdays 10.00 – 10.50, Theatre N ArtsFridays 11.00 – 11.50, Theatre N Arts.

TutorialsWednesdays 13.00 – 13.50, QUI 009 – 011, most weeks, starting 30th January.

Lecturer – Dr Richard SmithEmail: [email protected]: maths.ucd.ie/~rsmith

Lecture notes, slides, homework etc.Blackboard (https://elearning.ucd.ie/)

Dr Richard Smith (maths.ucd.ie/~rsmith) Quantitative Methods in Business (MATH20320) Semester 2 2012 – 2013 2 / 7

Page 4: Quantitative Methods in Business (MATH20320)mathsci.ucd.ie/~rsmith/pdfs/quant/intro.pdf · Quantitative Methods in Business (MATH20320) ... Tuesdays 10.00 – 10.50, ... interested

Introduction Module Details

Module DetailsLecturesTuesdays 10.00 – 10.50, Theatre Q ArtsThursdays 10.00 – 10.50, Theatre N ArtsFridays 11.00 – 11.50, Theatre N Arts.

TutorialsWednesdays 13.00 – 13.50, QUI 009 – 011, most weeks, starting 30th January.

Lecturer – Dr Richard SmithEmail: [email protected]: maths.ucd.ie/~rsmith

Lecture notes, slides, homework etc.Blackboard (https://elearning.ucd.ie/)

Dr Richard Smith (maths.ucd.ie/~rsmith) Quantitative Methods in Business (MATH20320) Semester 2 2012 – 2013 2 / 7

Page 5: Quantitative Methods in Business (MATH20320)mathsci.ucd.ie/~rsmith/pdfs/quant/intro.pdf · Quantitative Methods in Business (MATH20320) ... Tuesdays 10.00 – 10.50, ... interested

Introduction Module Details

Module DetailsLecturesTuesdays 10.00 – 10.50, Theatre Q ArtsThursdays 10.00 – 10.50, Theatre N ArtsFridays 11.00 – 11.50, Theatre N Arts.

TutorialsWednesdays 13.00 – 13.50, QUI 009 – 011, most weeks, starting 30th January.

Lecturer – Dr Richard SmithEmail: [email protected]: maths.ucd.ie/~rsmith

Lecture notes, slides, homework etc.Blackboard (https://elearning.ucd.ie/)

Dr Richard Smith (maths.ucd.ie/~rsmith) Quantitative Methods in Business (MATH20320) Semester 2 2012 – 2013 2 / 7

Page 6: Quantitative Methods in Business (MATH20320)mathsci.ucd.ie/~rsmith/pdfs/quant/intro.pdf · Quantitative Methods in Business (MATH20320) ... Tuesdays 10.00 – 10.50, ... interested

Introduction Module Details

School of Mathematical Sciences LocationMy current location is Room 3.52 A, Radio House, Belfield Office Park.

Dr Richard Smith (maths.ucd.ie/~rsmith) Quantitative Methods in Business (MATH20320) Semester 2 2012 – 2013 3 / 7

Page 7: Quantitative Methods in Business (MATH20320)mathsci.ucd.ie/~rsmith/pdfs/quant/intro.pdf · Quantitative Methods in Business (MATH20320) ... Tuesdays 10.00 – 10.50, ... interested

Introduction Module Details

School of Mathematical Sciences LocationThe Maths Sciences school office is Room 533, Library Building.

Dr Richard Smith (maths.ucd.ie/~rsmith) Quantitative Methods in Business (MATH20320) Semester 2 2012 – 2013 3 / 7

Page 8: Quantitative Methods in Business (MATH20320)mathsci.ucd.ie/~rsmith/pdfs/quant/intro.pdf · Quantitative Methods in Business (MATH20320) ... Tuesdays 10.00 – 10.50, ... interested

Introduction Module outline and schedule

Module outline and scheduleThis module, which builds on Maths for Business (MATH10030), is for peopleinterested in pursuing more quantitative specialisations such as Accounting,Economics and Finance. Methods from areas such as Linear Models, MatrixAlgebra, Integration, Calculus of Several Variables and Optimisation will beexamined, and applications to business will be presented.

Topics coveredIntegration, specifically of functions involving polynomial, exponential andnatural logarithm functions.Partial derivatives of functions of two or more variables, and optimisationof such functions, with or without constraints.Matrix algebra, and eigenvalues and eigenvectors of 2 × 2 and 3 × 3 ma-trices.Applications of the above topics, along with those from MATH10030, inbusiness, economics and finance.

Approximately 33 lectures on the above, plus a few revision lectures.

Dr Richard Smith (maths.ucd.ie/~rsmith) Quantitative Methods in Business (MATH20320) Semester 2 2012 – 2013 4 / 7

Page 9: Quantitative Methods in Business (MATH20320)mathsci.ucd.ie/~rsmith/pdfs/quant/intro.pdf · Quantitative Methods in Business (MATH20320) ... Tuesdays 10.00 – 10.50, ... interested

Introduction Module outline and schedule

Module outline and scheduleThis module, which builds on Maths for Business (MATH10030), is for peopleinterested in pursuing more quantitative specialisations such as Accounting,Economics and Finance. Methods from areas such as Linear Models, MatrixAlgebra, Integration, Calculus of Several Variables and Optimisation will beexamined, and applications to business will be presented.

Topics coveredIntegration, specifically of functions involving polynomial, exponential andnatural logarithm functions.

Partial derivatives of functions of two or more variables, and optimisationof such functions, with or without constraints.Matrix algebra, and eigenvalues and eigenvectors of 2 × 2 and 3 × 3 ma-trices.Applications of the above topics, along with those from MATH10030, inbusiness, economics and finance.

Approximately 33 lectures on the above, plus a few revision lectures.

Dr Richard Smith (maths.ucd.ie/~rsmith) Quantitative Methods in Business (MATH20320) Semester 2 2012 – 2013 4 / 7

Page 10: Quantitative Methods in Business (MATH20320)mathsci.ucd.ie/~rsmith/pdfs/quant/intro.pdf · Quantitative Methods in Business (MATH20320) ... Tuesdays 10.00 – 10.50, ... interested

Introduction Module outline and schedule

Module outline and scheduleThis module, which builds on Maths for Business (MATH10030), is for peopleinterested in pursuing more quantitative specialisations such as Accounting,Economics and Finance. Methods from areas such as Linear Models, MatrixAlgebra, Integration, Calculus of Several Variables and Optimisation will beexamined, and applications to business will be presented.

Topics coveredIntegration, specifically of functions involving polynomial, exponential andnatural logarithm functions.Partial derivatives of functions of two or more variables, and optimisationof such functions, with or without constraints.

Matrix algebra, and eigenvalues and eigenvectors of 2 × 2 and 3 × 3 ma-trices.Applications of the above topics, along with those from MATH10030, inbusiness, economics and finance.

Approximately 33 lectures on the above, plus a few revision lectures.

Dr Richard Smith (maths.ucd.ie/~rsmith) Quantitative Methods in Business (MATH20320) Semester 2 2012 – 2013 4 / 7

Page 11: Quantitative Methods in Business (MATH20320)mathsci.ucd.ie/~rsmith/pdfs/quant/intro.pdf · Quantitative Methods in Business (MATH20320) ... Tuesdays 10.00 – 10.50, ... interested

Introduction Module outline and schedule

Module outline and scheduleThis module, which builds on Maths for Business (MATH10030), is for peopleinterested in pursuing more quantitative specialisations such as Accounting,Economics and Finance. Methods from areas such as Linear Models, MatrixAlgebra, Integration, Calculus of Several Variables and Optimisation will beexamined, and applications to business will be presented.

Topics coveredIntegration, specifically of functions involving polynomial, exponential andnatural logarithm functions.Partial derivatives of functions of two or more variables, and optimisationof such functions, with or without constraints.Matrix algebra, and eigenvalues and eigenvectors of 2 × 2 and 3 × 3 ma-trices.

Applications of the above topics, along with those from MATH10030, inbusiness, economics and finance.

Approximately 33 lectures on the above, plus a few revision lectures.

Dr Richard Smith (maths.ucd.ie/~rsmith) Quantitative Methods in Business (MATH20320) Semester 2 2012 – 2013 4 / 7

Page 12: Quantitative Methods in Business (MATH20320)mathsci.ucd.ie/~rsmith/pdfs/quant/intro.pdf · Quantitative Methods in Business (MATH20320) ... Tuesdays 10.00 – 10.50, ... interested

Introduction Module outline and schedule

Module outline and scheduleThis module, which builds on Maths for Business (MATH10030), is for peopleinterested in pursuing more quantitative specialisations such as Accounting,Economics and Finance. Methods from areas such as Linear Models, MatrixAlgebra, Integration, Calculus of Several Variables and Optimisation will beexamined, and applications to business will be presented.

Topics coveredIntegration, specifically of functions involving polynomial, exponential andnatural logarithm functions.Partial derivatives of functions of two or more variables, and optimisationof such functions, with or without constraints.Matrix algebra, and eigenvalues and eigenvectors of 2 × 2 and 3 × 3 ma-trices.Applications of the above topics, along with those from MATH10030, inbusiness, economics and finance.

Approximately 33 lectures on the above, plus a few revision lectures.

Dr Richard Smith (maths.ucd.ie/~rsmith) Quantitative Methods in Business (MATH20320) Semester 2 2012 – 2013 4 / 7

Page 13: Quantitative Methods in Business (MATH20320)mathsci.ucd.ie/~rsmith/pdfs/quant/intro.pdf · Quantitative Methods in Business (MATH20320) ... Tuesdays 10.00 – 10.50, ... interested

Introduction Module outline and schedule

Module outline and scheduleThis module, which builds on Maths for Business (MATH10030), is for peopleinterested in pursuing more quantitative specialisations such as Accounting,Economics and Finance. Methods from areas such as Linear Models, MatrixAlgebra, Integration, Calculus of Several Variables and Optimisation will beexamined, and applications to business will be presented.

Topics coveredIntegration, specifically of functions involving polynomial, exponential andnatural logarithm functions.Partial derivatives of functions of two or more variables, and optimisationof such functions, with or without constraints.Matrix algebra, and eigenvalues and eigenvectors of 2 × 2 and 3 × 3 ma-trices.Applications of the above topics, along with those from MATH10030, inbusiness, economics and finance.

Approximately 33 lectures on the above, plus a few revision lectures.

Dr Richard Smith (maths.ucd.ie/~rsmith) Quantitative Methods in Business (MATH20320) Semester 2 2012 – 2013 4 / 7

Page 14: Quantitative Methods in Business (MATH20320)mathsci.ucd.ie/~rsmith/pdfs/quant/intro.pdf · Quantitative Methods in Business (MATH20320) ... Tuesdays 10.00 – 10.50, ... interested

Introduction Assessment

AssessmentTutorials (20%)

Each of the ten tutorials is a 50-minute written test, with lecture notesallowed. They will be held in most weeks, starting 30th January.

Tutorial preparation homework will be posted on Blackboard the weekbefore the tutorial. Selected homework solutions on Blackboard.Each tutorial is worth 2% of your final mark. Your tutorial worksheets willbe returned to you. View tutorial marks at maths.ucd.ie/checkmarks.

Midterm Exam (20%)50-minute written exam, 1pm Wednesday 6th March. No notes can be used inthe midterm. Results not displayed on maths.ucd.ie/checkmarks.

Final Exam (60%)2-hour written exam, RDS Simmonscourt, 12 noon, Tuesday 14th May. Resultsnot displayed on maths.ucd.ie/checkmarks.

Dr Richard Smith (maths.ucd.ie/~rsmith) Quantitative Methods in Business (MATH20320) Semester 2 2012 – 2013 5 / 7

Page 15: Quantitative Methods in Business (MATH20320)mathsci.ucd.ie/~rsmith/pdfs/quant/intro.pdf · Quantitative Methods in Business (MATH20320) ... Tuesdays 10.00 – 10.50, ... interested

Introduction Assessment

AssessmentTutorials (20%)

Each of the ten tutorials is a 50-minute written test, with lecture notesallowed. They will be held in most weeks, starting 30th January.Tutorial preparation homework will be posted on Blackboard the weekbefore the tutorial. Selected homework solutions on Blackboard.

Each tutorial is worth 2% of your final mark. Your tutorial worksheets willbe returned to you. View tutorial marks at maths.ucd.ie/checkmarks.

Midterm Exam (20%)50-minute written exam, 1pm Wednesday 6th March. No notes can be used inthe midterm. Results not displayed on maths.ucd.ie/checkmarks.

Final Exam (60%)2-hour written exam, RDS Simmonscourt, 12 noon, Tuesday 14th May. Resultsnot displayed on maths.ucd.ie/checkmarks.

Dr Richard Smith (maths.ucd.ie/~rsmith) Quantitative Methods in Business (MATH20320) Semester 2 2012 – 2013 5 / 7

Page 16: Quantitative Methods in Business (MATH20320)mathsci.ucd.ie/~rsmith/pdfs/quant/intro.pdf · Quantitative Methods in Business (MATH20320) ... Tuesdays 10.00 – 10.50, ... interested

Introduction Assessment

AssessmentTutorials (20%)

Each of the ten tutorials is a 50-minute written test, with lecture notesallowed. They will be held in most weeks, starting 30th January.Tutorial preparation homework will be posted on Blackboard the weekbefore the tutorial. Selected homework solutions on Blackboard.Each tutorial is worth 2% of your final mark. Your tutorial worksheets willbe returned to you. View tutorial marks at maths.ucd.ie/checkmarks.

Midterm Exam (20%)50-minute written exam, 1pm Wednesday 6th March. No notes can be used inthe midterm. Results not displayed on maths.ucd.ie/checkmarks.

Final Exam (60%)2-hour written exam, RDS Simmonscourt, 12 noon, Tuesday 14th May. Resultsnot displayed on maths.ucd.ie/checkmarks.

Dr Richard Smith (maths.ucd.ie/~rsmith) Quantitative Methods in Business (MATH20320) Semester 2 2012 – 2013 5 / 7

Page 17: Quantitative Methods in Business (MATH20320)mathsci.ucd.ie/~rsmith/pdfs/quant/intro.pdf · Quantitative Methods in Business (MATH20320) ... Tuesdays 10.00 – 10.50, ... interested

Introduction Assessment

AssessmentTutorials (20%)

Each of the ten tutorials is a 50-minute written test, with lecture notesallowed. They will be held in most weeks, starting 30th January.Tutorial preparation homework will be posted on Blackboard the weekbefore the tutorial. Selected homework solutions on Blackboard.Each tutorial is worth 2% of your final mark. Your tutorial worksheets willbe returned to you. View tutorial marks at maths.ucd.ie/checkmarks.

Midterm Exam (20%)50-minute written exam, 1pm Wednesday 6th March. No notes can be used inthe midterm. Results not displayed on maths.ucd.ie/checkmarks.

Final Exam (60%)2-hour written exam, RDS Simmonscourt, 12 noon, Tuesday 14th May. Resultsnot displayed on maths.ucd.ie/checkmarks.

Dr Richard Smith (maths.ucd.ie/~rsmith) Quantitative Methods in Business (MATH20320) Semester 2 2012 – 2013 5 / 7

Page 18: Quantitative Methods in Business (MATH20320)mathsci.ucd.ie/~rsmith/pdfs/quant/intro.pdf · Quantitative Methods in Business (MATH20320) ... Tuesdays 10.00 – 10.50, ... interested

Introduction Assessment

AssessmentTutorials (20%)

Each of the ten tutorials is a 50-minute written test, with lecture notesallowed. They will be held in most weeks, starting 30th January.Tutorial preparation homework will be posted on Blackboard the weekbefore the tutorial. Selected homework solutions on Blackboard.Each tutorial is worth 2% of your final mark. Your tutorial worksheets willbe returned to you. View tutorial marks at maths.ucd.ie/checkmarks.

Midterm Exam (20%)50-minute written exam, 1pm Wednesday 6th March. No notes can be used inthe midterm. Results not displayed on maths.ucd.ie/checkmarks.

Final Exam (60%)2-hour written exam, RDS Simmonscourt, 12 noon, Tuesday 14th May. Resultsnot displayed on maths.ucd.ie/checkmarks.

Dr Richard Smith (maths.ucd.ie/~rsmith) Quantitative Methods in Business (MATH20320) Semester 2 2012 – 2013 5 / 7

Page 19: Quantitative Methods in Business (MATH20320)mathsci.ucd.ie/~rsmith/pdfs/quant/intro.pdf · Quantitative Methods in Business (MATH20320) ... Tuesdays 10.00 – 10.50, ... interested

Introduction Assessment

GradingMATH modules have their own mark-to-grade conversion table.

A+ 90 – 100%A 80 – 89.99%A- 70 – 79.99%

See maths.ucd.ie/tl/grading/en02 for the full table.

Dr Richard Smith (maths.ucd.ie/~rsmith) Quantitative Methods in Business (MATH20320) Semester 2 2012 – 2013 6 / 7

Page 20: Quantitative Methods in Business (MATH20320)mathsci.ucd.ie/~rsmith/pdfs/quant/intro.pdf · Quantitative Methods in Business (MATH20320) ... Tuesdays 10.00 – 10.50, ... interested

Introduction Final remarks

Final remarksIf you have any queries about the module, ask during the lectures or afterwards,or send me an email.

If you want to meet me to discuss aspects of the module (homework problemsetc.), then send me an email and we can arrange a time and location.

If you miss a tutorial due to illness, then I can compensate you – provided yousupply a doctor’s sick note!

Dr Richard Smith (maths.ucd.ie/~rsmith) Quantitative Methods in Business (MATH20320) Semester 2 2012 – 2013 7 / 7

Page 21: Quantitative Methods in Business (MATH20320)mathsci.ucd.ie/~rsmith/pdfs/quant/intro.pdf · Quantitative Methods in Business (MATH20320) ... Tuesdays 10.00 – 10.50, ... interested

Introduction Final remarks

Final remarksIf you have any queries about the module, ask during the lectures or afterwards,or send me an email.

If you want to meet me to discuss aspects of the module (homework problemsetc.), then send me an email and we can arrange a time and location.

If you miss a tutorial due to illness, then I can compensate you – provided yousupply a doctor’s sick note!

Dr Richard Smith (maths.ucd.ie/~rsmith) Quantitative Methods in Business (MATH20320) Semester 2 2012 – 2013 7 / 7

Page 22: Quantitative Methods in Business (MATH20320)mathsci.ucd.ie/~rsmith/pdfs/quant/intro.pdf · Quantitative Methods in Business (MATH20320) ... Tuesdays 10.00 – 10.50, ... interested

Introduction Final remarks

Final remarksIf you have any queries about the module, ask during the lectures or afterwards,or send me an email.

If you want to meet me to discuss aspects of the module (homework problemsetc.), then send me an email and we can arrange a time and location.

If you miss a tutorial due to illness, then I can compensate you – provided yousupply a doctor’s sick note!

Dr Richard Smith (maths.ucd.ie/~rsmith) Quantitative Methods in Business (MATH20320) Semester 2 2012 – 2013 7 / 7