UNIVERSITY OF NOTTINGHAM

ECON1047: Quantitative Methods

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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University of Nottingham - ECON1047: Quantitative Methods

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ACADEMIC YEAR 2026 - 2027

University	University of Nottingham
Study Level	Undergraduate
Module Code	ECON1047
Module Name	Quantitative Methods
Total Credits	20.00
Notes Title	Final Examination Guide and Notes
Page Length	61

Prepare for success with the most comprehensive study guide for ECON1047: Quantitative Methods at the University of Nottingham. This fully updated guide covers all topics in the latest exam syllabus and includes exam-style questions, expert advice to avoid common pitfalls, and detailed notes to support your learning and revision throughout the module. Key skills are demonstrated through expertly crafted examples, followed by opportunities to test your knowledge with a sample exam paper and answer key. With this guide, you’ll gain the confidence to excel in your final examination.

This module provides Year 1 undergraduate students in Economics programmes and BA Joint Honours Politics and Economics students with essential mathematical and statistical tools for economic analysis. The first half focuses on mathematical methods, including function analysis, supply and demand, differentiation, optimisation, and mathematical finance, which are foundational for economic modelling. The second half introduces statistical techniques, covering data description, probability, sampling, estimation, hypothesis testing, and regression analysis, progressing from simple to multiple regression. By integrating these methods, the module equips students to apply mathematical, statistical, and graphical techniques effectively to theoretical and empirical economic problems. Note that this module is not available to students taking ECON1044: Mathematical Economics and Econometrics, ECON1045: Quantitative Economics, or ECON1046: Mathematical Economics and Statistical Methods.

MODULE CODE	MODULE NAME
BUSI1008	Quantitative Methods 1B
BUSI1020	Business Finance
BUSI1093	Fundamentals of Financial and Management Accounting
BUSI1095	Introduction to Economics
BUSI1099	Microeconomics for Business
BUSI1100	Business Economics
BUSI2001	Introductory Econometrics
BUSI2039	Financial Accounting and Reporting 1
BUSI2052	Financial Accounting and Reporting 2
BUSI2146	Corporate Finance (Level 2)
BUSI2147	Management Accounting
BUSI2172	Marketing Management
BUSI3027	Financial Economics
BUSI3030	Applied Econometrics
BUSI3184	Financial Markets: Theory and Computation
BUSI4445	Derivative Investment
ECON1043	Foundations of Economics
ECON1047	Quantitative Methods
ECON2003	Macroeconomic Theory
ECON2018	Principles of Macroeconomics
ECON2045	Econometric Theory

UKNOTES.

University of Nottingham - ECON1047: Quantitative Methods

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