ACCM4000 Accounting Principles
This unit introduces students to the basic framework and fundamental principles of accounting. The aim of the accounting cycle is to record financial activity and convert that information into a meaningful set of reports to support decision making. Students will gain an in-depth understanding of each stage of this cycle.
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STAM4000 Quantitative Methods
This unit has been designed to assist students to develop the statistical skills that are used in data analysis in economics, finance and business. It will also help students to learn an equally vital skill of interpreting results and presenting them in a professional manner, thus making it easy for those from a non-business background to understand the situation.
Contrary to popular opinion, statistics is a language-rich unit of study. Using English to explain, describe and comment on various aspects of the course is very important.
The main aims of the unit are to:
- Develop statistical thinking using real data
- Stress conceptual understanding rather than mere knowledge of procedures
- Use technology for developing concepts and analysing data
- Use statistics as a problem solving tool.
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The aim of this unit is to provide students with the economic literacy skills that are required by professionals, especially those in business, management and commerce, by providing opportunities to develop an understanding of the key economic principles, theories, models and laws and to use them to solve common economic problems.
The main aims of the unit are to introduce the three key aspects of economics. Hence, the unit is divided into the following three sections:
- Section one introduces students to the methods and subject material of economics. In particular, students are introduced to the methodology of economics, which differs in many respects to methodologies used by other social science disciplines, economic analysis and the nature of the economising problem
- Section two introduces students to the principles of microeconomics. The focus of this section is on developing an understanding of how markets help solve the economising problem by efficiently allocating scarce resources among competing uses
- Section three introduces students to the principles of macroeconomics. This section builds the aggregate expenditure model then the aggregate demand/aggregate supply model in order to develop an understanding of how governments stabilise the economy as a whole using a combination of monetary and fiscal policies.
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