CARDIFF UNIVERSITY

BS1501: Applied Stats and Maths in Econ and Business

Final Examination Guide and Notes 2026

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

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ACADEMIC YEAR 2026 - 2027

University	Cardiff University
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

Master BS1501: Applied Stats and Maths in Econ and Business with a concise final-exam guide that keeps everything in one place. Get clear explanations, diagrams, and worked examples that show each step. Practise with exam-style questions and fully explained solutions. Use quick checklists and highlighted pitfalls to focus your revision where it counts. Finish with a full-length mock exam that mirrors real timing and structure. Aligned with current module content, this compact resource helps you revise efficiently and walk into the final prepared.

Functions, first and second derivatives. Applications including elasticity of demand. Partial differentiation, method of Lagrange multipliers. Series, including application within Investment Appraisal. Matrices, including applications to solving simultaneous equations and Lieontief input-output analysis. Linear programming, including shadow prices and sensitivity of the solution. Summarising information, including percentage frequency and cumulative frequency tables. Graphical presentation of data including Bar chart, Histogram. Summary Statistics for raw and grouped data including measures of central tendency. Probability, including binomial, Poisson and normal distributions. Central Limit Theorem, including the sampling distribution of percentages, point and confidence interval estimation. Hypothesis testing. Correlation and Regression including significance of rank correlation.

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

UKNOTES

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

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