Module 8: Mathematics in Business


Course Overview

Course Qualification: Further Education and Training Certificate

This module will enable learners to use mathematics to plan and control financial instruments, including insurance and assurance, units trusts, stock exchange dealings, options, futures and bonds.

  • Use simple and compound interest to define mathematical situations, including mortgage loans, hire purchase, present values, annuities and sinking funds.
  • Investigate various aspects of cost and revenue, including marginal costs, marginal revenue and profit optimisation. Use mathematics to debate aspects of the national and global economy, including tax, productivity and the equitable distribution of resources.
  • Critique and implement techniques to collect, organise and represent data. Use theoretical and experimental probability to develop models, make predictions and study problems.
  • Critically interrogate and use probability and statistical models in problem-solving and decision making in real-world situations.
  • Measure, estimate, and calculate physical quantities in practical situations relevant to the increasing responsibilities of life or the workplace. Explore, analyse, critique, describe, represent, interpret and justify geometrical relationships and conjectures to solve problems in two- and three-dimensional geometrical situations.

Recommended Entry Requirements

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Materials Included

  • Learner Guide
  • Learner Portfolio of Evidence
  • Formative & Summative Assessment
  • Assessment Document
  • Logbook