After completing the course, students should be familiar with basic concepts, methods and tools in mathematics and computing that are necessary for the quantitative analysis of problems in modern business and economics. Moreover, students will have acquired basic programming skills in the open-source computer language R, enabling them to independently conduct simple mathematical analyses.
100% physical, emotional, and intellectual participation is strongly recommended in both the lectures as well as the practical sessions. However, attendance in the lectures will not be formally checked. Note that there will be no chance to make up for any points which were lost due to missing practical sessions.
The course will be taught as a lecture accompanied by practicals in small groups (VÜ). There will be 10 lectures with 120 participants, lasting 90 minutes each. Concerning the practicals, there will be one introductory session (90 minutes, 4 x 30 participants) and 6 further exercise sessions (60 minutes, 4 x 30 participants), where students will use their own computers. Additionally, there will be tutorials held by senior students.
Course evaluation consists of three parts:
- final exam (50 points)
- 7 homework assignments (30 points in total)
- for each exercise session we will distribute a set of 8 homework problems
- out of the 56 problems students have the right to skip 8 problems without loss of any points
- students should solve as many problems as possible and indicate until midnight before the exercise session, which problems they have solved; a tick list on Learn@WU will be provided to do so
- students must attend the exercise session, in order to present their solutions to a problem on the board; the lecturers grade the board performance with a number between 0 (worst) and 1 (best)
- the average grade of the performances at the board multiplied with the total number of problems ticked gives the total points achieved in this part of the course evaluation
- case study (group work to be handed in in written form, 20 points)
- 15 points group work + 5 points individual points
- will be assigned on 21.11.2019 and to be handed in on 10.12.2019
- any collaborations between different groups will be punished with severe point reductions
The following grading scale applies:
- 89.01-100.00 - Excellent (1)
- 78.01-89.00 - Good (2)
- 67.01-78.00 - Satisfactory (3)
- 56.01-67.00 - Sufficient (4)
- 0.00-56.00 - Insufficient (5)
Mathematical skills and knowledge at high school level.