CARDIFF UNIVERSITY 
Department Code: CARBS 
BS1501: Applied Stats and Maths in Econ and Business 
Final Examination Guide and Notes 2025 
 
Part 01: Topic Summary and Exam Tips 
Part 02: Exam Practice Questions and Answers 
Part 03: Sample Final Examination Paper 
Part 04: Suggested Solutions to Final Exam Paper 
 
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Cardiff University - BS1501: Applied Stats and Maths in Econ and Business

£35.00

ACADEMIC YEAR 2024 - 2025

University	Cardiff University
School	Cardiff Business School
Module Code	BS1501
Number of Credits	20
Module Name	Applied Stats and Maths in Econ and Business
Notes Title	Final Examination Guide and Notes
Page Length	60

This concise BS1501: Applied Stats and Maths in Econ and Business, Cardiff University - Final Exam Guide and Notes 2025 covers essential steps to understand the relevant theories in this module. The illustrations and worked examples show essential workings to apply those theories. And when you are through with your course materials, you can take a sample exam with solutions and explanations provided, created specifically to simulate the real test-taking experience. With this guide, you can aim for the best grade with the help of relevant and accessible notes, examiner advice plus questions and answers on each key examinable topic.

The BS1501 module, Applied Statistics and Mathematics in Economics and Business - provides non-specialist mathematicians with essential tools for quantitative analysis in business, economics, and accounting. It covers mathematical concepts such as functions, derivatives, elasticity of demand, partial differentiation, Lagrange multipliers, series (with investment appraisal applications), matrices (including solving simultaneous equations and Leontief input-output analysis), and linear programming (shadow prices and solution sensitivity). Statistical techniques include summarising and visualising data using frequency tables, bar charts, and histograms, as well as calculating summary statistics for raw and grouped data. The module also explores probability (binomial, Poisson, and normal distributions), the Central Limit Theorem, confidence intervals, and hypothesis testing. Additionally, it introduces correlation and regression analysis, including significance testing for rank correlation. This comprehensive module equips students with practical skills to apply mathematical and statistical methods in real-world scenarios.

MODULE CODE	MODULE NAME
BS1501	Applied Stats and Maths in Econ and Business
BS1503	Introduction to Accounting
BS1512	Foundations of Business Accounting
BS1547	Introduction to Economics
BS1551	Microeconomics
BS1611	Fundamentals of Financial Reporting
BS1612	Fundamentals of Finance
BS1630	Principles of Marketing and Strategy
BS1652	Macroeconomics
BS2507	Management Accounting
BS2508	Corporate Financial Management
BS2514	Financial Markets and Institutions
BS2516	Corporate Reporting
BS2549	Macroeconomic Theory
BS2550	Microeconomic Theory
BS2551	Money Banking and Finance
BS2570	Introductory Econometrics
BS3515	Financial Derivatives
BS3551	Econometrics
BS3615	Security Analysis and Portfolio Management

Cardiff University - BS1501: Applied Stats and Maths in Econ and Business

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