DEPAUL UNIVERSITY
DEPARTMENT OF ECONOMICS

1 E. JACKSON BLVD. CHICAGO, IL 60604
ROOM 6230 DEPAUL CENTER
TEL 312 362-5584
FAX 312 362-5452
EMAIL
TOPIELA@DEPAUL.EDU
       
GSB 420 Quantitative Methods

 This course provides a comprehensive review of some basic mathematical and statistical methods and stresses their practical applications in business and economics. The course will equip the student with the quantitative skills required in the MBA program and will also provide a good foundation for addressing typical problems that arise in business. Additionally, the skills acquired in the course will also help the student prepare for the quantitative sections of professional exams, such as the CFA, the CPA and the CMA exams.
This course will stress learning through applications/problem-solving using Excel and/or Minitab software for data analyses. However, the course must be analytical and theoretical to the extent that is necessary to develop a correct understanding of the topics presented. The topics covered in the course include relevant mathematical concepts: graphing functions, solving a system of equations and optimizing using differential calculus. It also focuses on relevant statistical concepts: probability theory, hypothesis testing, regression analysis and forecasting.


Syllabus

Mathematics
  Math Review 01
  Algebra Review
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  Calculus Review
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  Homework 2A - Calculus
  Homework 2B - Calculus Optimization
  Homework 2C
- Calculus Optimization & Elasticity


Descriptive Statistics - Chapter 3
  Homework
    3.8
, 3.10, 3.19, 3.23, 3.40 and one of the following: 3.56, 3.61, or 3.68
    Chapter 3 Solutions


Probability - Chapter 4

  Homework
    4.12, 4.14, 4.21, 4.26, 4.28, 4.29, 4.36, 4.37, 4.40 and 4.50
    Chapter 4 Solutions


Discrete Probability Distributions - Chapter 5

  Homework
    5.2, 5.13, 5.14, 5.22 and 5.23
    Chapter 5 Solutions


The Normal Distribution - Chapter 6
  Homework
    6.8, 6.10 and 6.21a
    Chapter 6 Solutions
    


Hypothesis Testing - Chapter 9
  Homework
    9.28, 9.30, 9.33, 9.44, 9.45 and 9.56

    Chapter 9 Solutions

Simple Linear Regression- Chapter 12
  Homework
    12.5 or 12.8 or 12.9; 12.17 or 12.20 or 12.21; 12.25 or 12.30 or 12.29; 12.37; 12.49; 12.50; 12.57 or     12.62 or 12.61
    Chapter 12 Solutions


Multiple Regression - Chapter 13
  Homework
    13.8, 13.17, 13.30, 13.33
    Chapter 13 Solutions




 
All material © 2006 Timothy P. Opiela
Updated: 5 September, 2007