Module Identifier | MBM1810 | ||
Module Title | QUANTITATIVE METHODS (OPTIMISATION) | ||
Academic Year | 2002/2003 | ||
Co-ordinator | Dr John A Lane | ||
Semester | Semester 2 | ||
Course delivery | Lecture | 2 lectures each week and tutorials/example classes as required. Each student is required to attempt regular assignments. | |
Assessment | Semester Exam | 2 Hours | 100% |
understand the concept of a mathematical function and be able to handle polynomial functions of low degree;
be able to sum geometric series and solve investment and lending problems;
understand the characteristics of supply functions and demand functions;
understand the concept of equilibrium and be able to determine the stability of an equilibrium;
understand the meaning of a derivative and be able to differentiate a given function;
be able to find the maxima and minima of a function of one and two variables;
be able to integrate simple functions and understand the relationship between an integral and the area under a curve;
understand and apply the concepts of marginal, total and average cost and revenue functions;
be able to solve simple linear programming problems graphically and to understand the Simplex method