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ECO153Social Sciences3 Unitsintermediate

Introduction to Quantitative Methods

This course, Introduction to Quantitative Method I, is designed for 100-level students. It introduces fundamental mathematical concepts and techniques essential for economic analysis. The course covers mathematical economics, number systems, equations, set theory, sequence and series, and polynomial theorems. Students will learn to apply these quantitative methods to solve real-world economic problems, enhancing their analytical and problem-solving skills. The course aims to equip students with a strong foundation for advanced studies in economics, business, and finance.

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96h
Study Time
13
Weeks
7h
Per Week
intermediate
Math Level
Course Keywords
Quantitative MethodsMathematical EconomicsSet TheorySequence and SeriesPolynomials

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level
Builds on foundational knowledge
65%
intermediate
📊
Math Level
Moderate Math
📖
Learning Type
Theoretical Focus

Course Topics

Key areas covered in this course

1

Mathematical Economics

2

Number Systems

3

Equations and Formulae

4

Set Theory

5

Sequence and Series

6

Polynomials

7

Matrices

Total Topics7 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (3 methods)

assignments

Comprehensive evaluation of course material understanding

Written Assessment

tutor-marked assessments

Comprehensive evaluation of course material understanding

Written Assessment

final examination

Comprehensive evaluation of course material understanding

Computer Based Test

Career Opportunities

Explore the career paths this course opens up for you

Economist

Apply your skills in this growing field

Financial Analyst

Apply your skills in this growing field

Business Analyst

Apply your skills in this growing field

Market Researcher

Apply your skills in this growing field

Statistician

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

BankingFinanceConsultingMarket ResearchGovernment

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

Module 1: Mathematical Economics, Number and Numeration

2h

Unit 1: Nature of Mathematical Economics

2 study hours
  • •Read Unit 1: Nature of Mathematical Economics, focusing on the language of mathematical economics and economic models.
  • •Solve Self-Assessment Exercises 1 to reinforce understanding of mathematical notations and techniques.
  • •Apply mathematical methods to economic assumptions and theories.
Week
2

Module 1: Mathematical Economics, Number and Numeration

3h

Unit 2: SETS, NUMBERS, AND FRACTIONS

3 study hours
  • •Study Unit 2: Sets, Numbers, and Fractions, paying attention to set notations, terminologies, and operations.
  • •Complete Self-Assessment Exercises to practice set operations and terminologies.
  • •Understand the real number system and its components.
Week
3

Module 1: Mathematical Economics, Number and Numeration

3h

Unit 3: FRACTION, RATIO AND PROPORTION

3 study hours
  • •Review Unit 2 again, focusing on the real number system.
  • •Begin Unit 3: Fraction, Ratio and Proportion, focusing on equivalent fractions and operations.
  • •Solve Self-Assessment Exercises to practice fraction, ratio, and proportion problems.
Week
4

Module 1: Mathematical Economics, Number and Numeration

2h

Unit 3: FRACTION, RATIO AND PROPORTION

2 study hours
  • •Complete Unit 3, focusing on applications of fractions, ratios, and proportions in business and economics.
  • •Solve Self-Assessment Exercises to practice applying these concepts to real-world problems.
Week
5

Module 1: Mathematical Economics, Number and Numeration

3h

UNIT 4 MULTIPLES AND LOWEST COMMON MULTIPLES (LCM) AND HIGHEST COMMON FACTORS (HCF) AND FACTORISATION

3 study hours
  • •Study Unit 4: Multiples and Lowest Common Multiples (LCM) and Highest Common Factors (HCF) and Factorisation.
  • •Practice finding LCM, HCF, and factorizing algebraic expressions.
  • •Complete Self-Assessment Exercises to reinforce understanding.
Week
6

Module 1: Mathematical Economics, Number and Numeration

3h

UNIT 5 INDICES, LOGARITHM AND SURDS

3 study hours
  • •Study Unit 5: Indices, Logarithms and Surds, focusing on the rules of indices and logarithms.
  • •Solve problems involving indices, logarithms, and surds.
  • •Complete Self-Assessment Exercises to practice simplification and evaluation.
Week
7

Module 2: Equations and Formulae

3h

UNIT 1 EQUATIONS, FUNCTIONS AND CHANGE OF SUBJECT OF FORMULAE

3 study hours
  • •Begin Module 2 by studying Unit 1: Equations, Functions and Change of Subject of Formulae.
  • •Distinguish between equations and functions.
  • •Practice changing the subject of formulae.
Week
8

Module 2: Equations and Formulae

3h

UNIT 2 LINEAR EQUATIONS AND LINEAR SIMULTANEOUS EQUATION

3 study hours
  • •Complete Unit 1, focusing on the relevance of equations and functions in mathematics.
  • •Study Unit 2: Linear Equations and Linear Simultaneous Equations.
  • •Practice solving linear equations and simultaneous equations.
Week
9

Module 2: Equations and Formulae

3h

UNIT 3 QUADRATIC EQUATION

3 study hours
  • •Study Unit 3: Quadratic Equations, focusing on solving quadratic equations by factorization.
  • •Practice solving quadratic equations.
  • •Complete Self-Assessment Exercises to reinforce understanding.
Week
10

Module 2: Equations and Formulae

3h

UNIT 4 SIMULTANEOUS LINEAR AND QUADRATIC EQUATIONS

3 study hours
  • •Study Unit 4: Simultaneous, Linear and Quadratic Equations.
  • •Practice solving simultaneous equations involving both linear and quadratic equations.
  • •Complete Self-Assessment Exercises to reinforce understanding.
Week
11

Module 2: Equations and Formulae

3h

UNIT 5 INEQUALITIES

3 study hours
  • •Study Unit 5: Inequalities, focusing on solving inequality problems.
  • •Practice presenting inequality solutions on line graphs.
  • •Complete Self-Assessment Exercises to reinforce understanding.
Week
12

Module 1: Mathematical Economics, Number and Numeration

4h

Unit 2 SETS, NUMBERS, AND FRACTIONS

4 study hours
  • •Review Module 3: Set Theory, focusing on set operations and Venn diagrams.
  • •Solve additional problems involving set theory and Venn diagrams.
  • •Prepare for assignments and tutor-marked assessments.
Week
13

Module 2: Equations and Formulae

4h

UNIT 1 EQUATIONS, FUNCTIONS AND CHANGE OF SUBJECT OF FORMULAE

4 study hours
  • •Review Module 2: Equations and Formulae, focusing on solving equations and inequalities.
  • •Solve additional problems involving equations and inequalities.
  • •Prepare for the final examination.

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Create a study schedule allocating specific time slots for each module and unit.

2

Practice solving numerical problems from each unit, focusing on areas of weakness.

3

Review key definitions, theorems, and formulas from each module.

4

Create flashcards for quick recall of important concepts and formulas.

5

Work through past examination papers to familiarize yourself with the exam format and question types.

6

Form study groups to discuss challenging concepts and solve problems collaboratively.

7

Focus on understanding the underlying principles rather than memorizing formulas.

8

Practice applying mathematical techniques to real-world economic scenarios.

9

Create concept maps linking Units 3-5 set theory concepts.

10

Review all TMAs and assignments, identifying areas where you need further clarification.

11

Prioritize studying units with higher weightage in the final examination.

12

Get enough rest and maintain a healthy lifestyle during the examination period.

13

During the exam, manage your time effectively, allocating sufficient time for each question.

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