ECON 130 - Foundations for Business Analytics

Description:
Role of mathematics, statistics and software to business and economic decision making; business and economics applications including indexing, percentage changes, compounding, financing, and accounting; probability theory and descriptive statistical analysis; modelling. Includes a lab component. Basic Skills 5 - Reasoning.

Prerequisites:
Prerequisites: either at least 500 on the SAT, 19 on the ACT, a Compass test score of either 50-Pre-Algebra, 26-Algebra, 31-College Algebra, or 31-Trigonometry, or completed MATH 100B or a higher level math class.

Credits: (5)

General Education Category
Basic Skills 5 - Reasoning.

Learner Outcomes:
Upon successful completion of this course, the student will be able to:

Develop critical thinking skills by applying basic components of logic to business decision making.
Demonstrate competence in basic mathematical modelling by using appropriate computer software to make practical business decisions.
Apply various quantitative methods used in business decision making to real world situations. Students will use appropriate software to make compounding, percentage calculations, index development, savings and mortgage calculations.
Demonstrate competence in basic probability theory by analyzing normal distributions and drawing conclusions from data.
Analyze simple data by developing summary statistics and graphs.

Learner Outcomes Approval Date:
6/05/14