Quantitative Techniques 1 (Sec-A)

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Background of the Course:

This course is designed to explain basic terms in the areas of business calculus and financial mathematics, independently solving of business problems. This course provides an introduction to the use of quantitative methods in research. Emphasis will be on achieving an understanding of quantitative methods and associated statistical techniques considered so that you can think critically about suitable procedures for research design, collection and analysis of data, and the usefulness of statistics.

Course objectives:

Students will be able to restate an investigative question in terms of a statistical model or algorithm. Verbally communicate statistical results clearly to a non-technical audience. Successfully relate theoretical concepts to a real-world problem in a written report. Students can use output derived from statistical procedures and convert such output to understandable statements in English.

 

Course Outcomes and PEO mapping:

After the completion of the course, the students are expected to become adept in:

 

Program Educational Outcomes (PEOs)

PEO1

Apply multidisciplinary quantitative and qualitative techniques, and knowledge of

digital technologies, to analyze business scenarios

PEO2

Work effectively in teams, demonstrate leadership and data-driven decision-making skills

PEO3

Integrate theory and practice to find sustainable solutions to strategic business problems

PEO4

Demonstrate effective written and oral communication skills

PEO5

Develop cultural sensitivity and exhibit high degree of integrity and ethics in behaviour




 

Course Outcome (COs)

PEOs

CO1

To develop student’s ability to deal with numerical and

quantitative issues in business

PEO1

CO2

To enable the use of statistical, graphical and algebraic

techniques wherever relevant.

(PEO1, PEO3)

CO3

To have a proper understanding of Statistical applications in

Economics and Management.

(PEO2, PEO4)

CO4

To enable students maneuver mathematical probabilistic models for different problems, to analyze them and to interpret the results.

(PEO3, PEO5)

CO5

To enable students to apply rules and algorithm of probabilit

and statistics in various business problems.

(PEO2, PEO5)

 

TEXTBOOK

  • Business Statistics: For Contemporary Decision Making Hardcover – Import, 2 Dec 2009, Author- Ken Black, Publisher: John Wiley & Sons Inc; 6 edition (2 December 2009)

 

Reference book:

Open Intro Statistics, Author- Christopher D. Barr, David M. Diez, and Mine Çetinkaya- Rundel, Publisher: CreateSpace Independent Publishing Platform; 3rd Edition

DURATION: 20 sessions of 90 minutes each

PEDAGOGY:

Teaching Pedagogy will consist of classroom lecture and discussions, use of mini cases and excel based models, simulation analysis to help students learn the financial management concepts taught in the class.

The evaluation and grading will be based on the following components:

Evaluation Component

Weightage

Mid term

20%

Group Project

30%

End Term

30%

Attendance

20%

Total

100%