The scope of this module is to see the horizon of Mathematics & Statistics application in business and financial affairs. The course stresses business applications using arithmetic, algebra, and ratio proportion and graphing. The module starts by explaining what business mathematics is, it looks at algebra review, calculus and how the same apply to economics. It highlights on data collection methods data presentation methods and statistical description measures among other.
LEARNING OUTCOMES
At the end of this module learners should be able to:
1. Know and explain what business mathematics is
2. Know and explain the basic concepts of basic mathematics and statistics
3. Identify and explain reasonableness in the calculation
4. Know and apply the basic concepts as an effective quantitative tool
5. Know and apply mathematical techniques to business
6. Know and explain the relevance and use of statistical tools for analysis and forecasting in business, etc.
COURSE CONTENT
1. Business Mathematics
2. Algebra Review
3. Calculus Review
4. Optimization Methods
5. Applications to Economics
6. Data Collection Methods
7. Data Presentation Methods
8. Statistical Descriptive Measures
9. Probability Theory
10. Discrete Probability Distributions
11. The Normal Probability Distribution
12. The t-Probability Distribution
13. Sampling Distributions
14. Confidence Interval Construction
15. One-Sample Hypothesis Testing
16. Two-Sample Hypothesis Testing
17. Simple Regression Analysis
18. Multiple Regression Analysis
19. The Chi-Square Test
ASSESSMENT
| Assignment 1 | 15% |
| Assignment 2 | 15% |
| Final exam | 70% |
| Total | 100% |
Prescribed Textbooks 1. P Eccles, An Introduction to Mathematical Reasoning. (Cambridge University Press, (1997)
2. K J Devlin The Millennium Problems: the seven greatest unsolved mathematical puzzles of our time (Granta Books, 2005)
3. P J Davis and R Hersh The Mathematical Experience (Houghton Mifflin, 2000)
Recommended Textbooks
1. J S Rosenthal Struck by Lightening: the curious world of probabilities (Harper Collins, 2005)
2. V Bryant, Yet Another Introduction to Analysis (Cambridge University Press, 1990)
3. N L Biggs Discrete Mathematics (Oxford University Press, 2003)
4. D Hand Statistics: a very short introduction (Oxford University Press, 2008)
The module introduces learners to the world of psychology and sociology. The module enables learners to know what psychology and sociology is. It highlights issues that influence individual behavior and explains the different theories of psychology and sociology and how they apply especially to business.
LEARNING OUTCOMES
At the end of the module learners should be able to:
1. Define concepts of psychology and sociology
2. Identify the concepts in psychology and sociology
3. Know and demonstrate how psychologists develop and test their theories
4. Know and illustrate with examples, human behavior and its causes
5. Know and apply various techniques to develop leadership capabilities within individuals and organizations.
COURSE CONTENT
1. Introduction to psychology: Defining concepts
2. Motivation in psychology & 4 Personality theories
3. Cognitive development
4. Importance of theories
5. Introduction to sociology: Theories of sociology
6. Socialization
7. Social stratification and Social Mobility
8. Family and Marriage
9. Society and Culture
10. Religion
ASSESSMENT
| Assignment 1 | 15% |
| Assignment 2 | 15% |
| Final exam | 70% |
| Total | 100% |
Prescribed Textbooks 1. Alhassan, A.B. (2000). Understanding Educational Psychology. Tamaza Publishing Co. Ltd. Zaria, Nigeria
2. Bugelski, B.R (1956). The Psychology of Learning. Holt: New York.
3. Gelles, R. J. and Levine, A. (1996). Sociology: An Introduction (6th ed.) McGraw-Hill.
4. Giddens. A. (1993). Sociology: An Introduction. Polity Press in Association with Blackwell Publishers. (2nd edn.)
Recommended
Textbooks 1. Krunck, T. (1966). Elements of Psychology. Knopf, New York.
2. Murdock, G.P. (1949). Social Structure. Macmillan: New York.
5. Zimbardo P.G. (1992). Psychology and Life. Harper Collins, New York
INTRODUCTION
This module introduces learners to the Zambian Legal Process and various legal systems. The module focuses particularly on what law is, its sources and its role in society. The module identifies the individual sources of law in Zambia and explains how each works as a source. It further examines the Zambia court system and its hierarchy.
LEARNING OUTCOMES
At the end of this module learners should be able to:
1. Known and explain what law is
2. Know and explain what the sources of law are
3. Know and explain how the Zambia legal system operates
4. Know and explain the hierarchy of the courts in Zambia
5. Know and apply the law to selected legal problems, etc.
COURSE CONTENT
1. Law and the Legal System
2. Role of Law in Society
3. Sources of Law
4. Judicial Decisions
5. What is African Customary Law
6. Statutory Interpretation
7. The Zambian Court System
ASSESSMENT
| Assignment 1 | 15% |
| Assignment 2 | 15% |
| Final exam | 70% |
| Total | 100% |
Prescribed Textbooks
1. Mulela Margaret Munalula (2004), Legal Process: Zambian Cases, Legislation and Commentaries, First Edition, University of Zambia Press.
Recommended Textbooks
1. Glanville Williams (2002), Learning the Law, 10th Edition, Sweet & Maxwell, London.
INTRODUCTION
This module introduces learners to discourses on entrepreneurship. It explains who an entrepreneur is and what their characteristics are. It looks at the concept and theory of entrepreneurship, it highlights issues on identification and evaluation of business ideas, carrying out feasibility studies, financing of startup businesses. The module further examines the different forms of business organizations, the culture in business organizations and ends with an overview on the management functions of small businesses.
LEARNING OUTCOMES
At the end of this this module learners should be able to:
1. Understand and appreciate the entrepreneurial success
2. Explain the characteristics of entrepreneurs
3. Discuss the theory of entrepreneurship and concepts
4. Identify and evaluate business ideas and opportunities
5. Explain the procedure for carrying out feasibility study
6. Identify the sources of small business finance
7. Explain the strategic planning for small enterprises
8. Explain the culture of excellent organization
9. Discuss the legal forms of business organization
10. Draft a business plan for new venture
11. Describe the management functions for small business
COURSE CONTENTS
1.0 Introduction to entrepreneurship and small business management
2.0 Characteristics of entrepreneurs and theory of entrepreneurship
3.0 The process of innovation and creativity
4.0 Entrepreneurial process
5.0 The role of entrepreneurship in socio-economic development
6.0 The challenges and factors that affect entrepreneurship development
7.0 Government support system and policy framework on SMEs in Zambia
8.0 Strategic planning for small businesses
9.0 The culture of excellent organizations
10.0 Starting a small business enterprise
11.0 Developing business ideas and identifying opportunities
12.0 Financial planning, marginal costing, sensitivity analysis, business risk and cash flow analysis
13.0 Business project financing
14.0 The business plan
15.0 Managing a small enterprise
ASSESSMENT
| Assignment 1 | 15% |
| Assignment 2 | 15% |
| Final exam | 70% |
| Total | 100% |
Prescribed Textbooks
Mumba, E. (2010)(2nd edn) Entrepreneurship and Small Business Management: Concepts and Practices. Lusaka: Lushima Printers
Recommended Textbooks
Mullins, John W. (2006)(2nd edn). The New Business Road Test. Harlow: FT Prentice Hall.