Quantitative Methods - MAN00011C

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  • Department: The York Management School
  • Module co-ordinator: Dr. Jess Wardman
  • Credit value: 20 credits
  • Credit level: C
  • Academic year of delivery: 2018-19

Module summary

This course will introduce students to basic methods of empirical enquiry into Accounting, Finance and Management. The course will provide a solid foundation in statistical inference, enabling the student to become a competent producer of basic statistical research.

Module will run

Occurrence Teaching cycle
A Spring Term 2018-19 to Summer Term 2018-19

Module aims

This course will introduce students to basic methods of empirical enquiry into Accounting, Finance and Management. The course will provide a solid foundation in statistical inference, enabling the student to become a competent producer of basic statistical research. In addition the skills acquired will enable the student to become a somewhat more sophisticated consumer of more advanced research methodologies. It is also designed for students to appreciate the advantages and limitations of quantitative techniques.

Module learning outcomes

  • Understand the detailed technical nature of quantitative techniques
  • Appreciate and select from the different quantitative procedures used in the analysis of different data types
  • Use computer packages for data analysis and interpret their output

Module content

Topic 1 – Measures and Charts

  • Types of data (nominal, ordinal, discrete, continuous)
  • Central tendency (mean, median and mode)
  • Measures of spread (variance, standard deviation, IQR, range, coefficient of variation)
  • Graphical and tabular presentation of different types data

Topic 2 – Price Indices

  • Relative changes in price
  • Inflation
  • Simple and aggregate
  • Correction for inflation

Topic 3 – Probability

  • Basic and conditional probability (independence, mutual exclusivity)
  • Frequency tables
  • Bayes’ Theorem

Topic 4 – Statistical Distributions

  • Concept of sampling distributions
  • Ubiquity of normal distribution
  • Computations involving probability and proportions using the standard tables.

Topic 5 – Sampling with Confidence

  • Methods of sampling
  • Concept of estimation and controlled errors
  • The Central Limit Theorem
  • Construction and interpretation of confidence intervals, both 1 and 2 tailed
  • Determining sample size

Topic 6 – Basic Hypothesis Testing

  • Null and alternate hypotheses
  • False positives and false negatives
  • Comparison of mean with estimate, of two means and of paired data

Topic 7 – ANOVA

  • Need for ANOVA
  • Calculation and interpretation of ANOVA

Topic 8 – Chi-squared

  • Two types of chi-squared test
  • Calculation and interpretation of chi-squared test

Topic 9 – Correlation and Regression

  • Causality vs correlation
  • Pearson’s correlation coefficient
  • Interpretation of simple linear regression

Assessment

Task Length % of module mark
University - closed examination
Quantitative Methods
3 hours 100

Special assessment rules

None

Reassessment

Task Length % of module mark
University - closed examination
Quantitative Methods
3 hours 100

Module feedback

Feedback on assessments and reassessments will be available through inspection of their exam papers after the fact.

Feedback on the optional problem sheets will be available throughout the course in person, by email, or in seminars.

Indicative reading

Oakshott, L., (2012). Essential Quantitative Methods for Business, Management & Finance, 5th Edition, Palgrave.



The information on this page is indicative of the module that is currently on offer. The University is constantly exploring ways to enhance and improve its degree programmes and therefore reserves the right to make variations to the content and method of delivery of modules, and to discontinue modules, if such action is reasonably considered to be necessary by the University. Where appropriate, the University will notify and consult with affected students in advance about any changes that are required in line with the University's policy on the Approval of Modifications to Existing Taught Programmes of Study.