Business Analytics year 1 Vrije Universiteit Amsterdam - Faculteit der Bètawetenschappen - Business Analytics - 20222023 Business Analytics year 1 - Business Analytics - 2022-2023 Business Analytics year 1 Vakken Accounting Calculus 1 Calculus 2 English Language Test Introduction to Business Analytics Introduction to Programming (Java) Linear Algebra Operations Research Probability Theory Project Business Analytics 1 Project Business Analytics 2 Sets and Combinatorics Vrije Universiteit Amsterdam - Faculteit der Bètawetenschappen 3 3 3 4 5 7 7 8 9 10 12 13 14 15 7 Jul 2022 - Pagina 2 van 16 Business Analytics year 1 - Business Analytics - 2022-2023 Business Analytics year 1 Omschrijving Right at the start of your first year you get familiar with the field of Business Analytics. You learn to solve business problems by combining data analysis and mathematical modelling geared towards practice. As mathematics and programming form an essential part of your work as a future Business Analytics professional, the focus of the first year is to lay a thorough theoretical foundation in mathematics and programming. Moreover, you will participate in projects where you apply your knowledge and skills to practical and business oriented situations. The first year consists of 60 EC of compulsory courses. Vakken Naam vak Calculus 1 English Language Test Introduction to Business Analytics Introduction to Programming (Java) Calculus 2 Project Business Analytics 1 Sets and Combinatorics Operations Research Linear Algebra Probability Theory Accounting Project Business Analytics 2 Periode P1 P1 P1+2 P1+2 P2 P3 P3 P4 P4+5 P4+5 P5 P6 Credits 6.00EC 0.00EC 6.00EC 6.00EC 6.00EC 3.00EC 3.00EC 6.00EC 6.00EC 6.00EC 6.00EC 6.00EC Code X_400635 VU_ELT X_400619 X_400634 X_400636 X_400316 X_400621 X_400618 X_400042 X_400622 E_IBA1_ACC XB_0037 Vakken Accounting Vakcode Studiepunten Periode Vakniveau Onderwijstaal Faculteit Vakcoördinator Examinator Betrokken Docenten Werkvormen E_IBA1_ACC 6.00 P5 100 Engels School of Business and Economics dr. F.M. Arshad dr. F.M. Arshad prof. dr. J.L. Wielhouwer, drs. A.C. Schreuder, dr. J.P. Mendoza Rodriguez, dr. P.C.M. Claes, dr. F.M. Arshad Hoorcollege, Werkgroep Doel vak 1. Academic skills. After successfully completing this course, the student: • recognizes fundamental accounting information and leaves out irrelevant information 2. Bridging theory and practice. After successfully completing this course, the student: • demonstrates theoretical and empirical knowledge concerning accounting in the context of international business administration • knows the basic concepts of financial and managerial accounting Vrije Universiteit Amsterdam - Faculteit der Bètawetenschappen 7 Jul 2022 - Pagina 3 van 16 Business Analytics year 1 - Business Analytics - 2022-2023 3. Broadening our Horizon. After successfully completing this course, the student: • is informed about current accounting practices 4. Social skills. After successfully completing this course, the student: • has excellent online communication skills Inhoud vak Accounting is the language required to do business. It allows executives, managers and employees to communicate; it allows investors, analysts, and governmental authorities to understand how an organization is doing. Thanks to the International Financial Reporting Standards, accounting can be seen as a global language, spoken across most countries. Accounting is much more than book-keeping. Without accounting, it is not possible to evaluate a new business opportunity, assess the performance of a company, or design a solid business strategy for the near future. This course provides a thorough introduction to financial and managerial accounting. It provides fundamental knowledge that all business practices require. This course teaches how to formally record and report economic events and transactions, how to read accounting information to make inferences and support decisions, and how accounting plays an active role in the success or failure of a company. More broadly, this courses explains why the accounting activity cannot be performed by robots, as it involves discretion in how information is recorded and reported. Moreover, the course offers a first look at what the accounting profession entails. Aanvullende informatie onderwijsvormen Lectures: 4 hours per week Tutorials: 5 hours per week Toetsvorm Quizzes Midterm exam Written exam Literatuur Text book (e-book): Weygandt, J.J., Kimmel, P.D., Kieso, D.E. (2018) Financial & Managerial Accounting, 3rd edition. Wiley. ISBN: 978-1-119-39160-9. https://www.wiley.com/en-nl/Financial+and+Managerial+Accounting,+3rd+Edi Additional material will be announced on Canvas. Aanbevolen voorkennis Students are expected to understand algebra, and the content of Business Mathematics or similar courses. Calculus 1 Vakcode Studiepunten Periode Vakniveau Onderwijstaal X_400635 6.00 P1 100 Engels Vrije Universiteit Amsterdam - Faculteit der Bètawetenschappen 7 Jul 2022 - Pagina 4 van 16 Business Analytics year 1 - Business Analytics - 2022-2023 Faculteit Vakcoördinator Examinator Betrokken Docenten Werkvormen Faculteit der Bètawetenschappen G. Benedetti G. Benedetti G. Benedetti Deeltoets, Werkcollege, Hoorcollege Doel vak At the end of this course the student is able to a) calculate limits, using several methods like l'Hopitals rule or the squeeze theorem b) calculate derivatives and to find local extreme values c) calculate integrals, using several methods like the substitution method, integration by parts, partial fraction expansion d) verify if a function is continuous, differentiable, Riemann-integrable e) calculate and apply a Taylor polynomial f) formulate and apply several important theorems for continuous and/or differentiable functions, like the Intermediate Value Theorem, the Mean Value Theorem and the Fundamental Theorem of Calculus Inhoud vak Real functions of one variable. Topics that will be treated are: 1) Preliminaries, Real functions, Trigonometric functions 2) Limits, Continuity, Intermediate Value Theorem 3) Transcendental Functions, Inverse Functions 4) Differentiation, Chain Rule, Mean Value Theorem 5) Applications of Differentiation, Extreme Values, l'Hôpital's Rule, Taylor Polynomial 6) Integration, Fundamental Theorem of Calculus, Improper Integrals Aanvullende informatie onderwijsvormen Lectures (3 x 2 hours per week) and exercise classes (2 x 2 hours per week). Attendance for at least 10 out of a total of 14 exercise classes is mandatory. Toetsvorm There is a midterm exam and a final exam. The midterm exam makes up for 40% and the final exam makes up for 60% of the final grade. There is one retake which covers all topics for the midterm exam and the final exam. Midterm exam or final exam cannot be retaken separately! Literatuur Adams en Essex, Calculus: A Complete Course, 9th edition, Pearson 2018, ISBN-10: 0134154363 • ISBN-13: 9780134154367. Aanvullende informatie doelgroep 1 BA Overige informatie Attendance for at least 10 out of a total of 14 exercise classes is mandatory! Calculus 2 Vakcode Studiepunten X_400636 6.00 Vrije Universiteit Amsterdam - Faculteit der Bètawetenschappen 7 Jul 2022 - Pagina 5 van 16 Business Analytics year 1 - Business Analytics - 2022-2023 Periode Vakniveau P2 100 Onderwijstaal Faculteit Vakcoördinator Examinator Betrokken Docenten Werkvormen Engels Faculteit der Bètawetenschappen G. Benedetti G. Benedetti S. de Jong Deeltoets, Werkcollege, Hoorcollege Doel vak At the end of this course the student is able to a) determine if a series is convergent or divergent, using several tests (like the comparison test, ratio test, alternating series test) b) work with power series (find the radius of convergence, differentiate or integrate termwise) c) find the Taylor series of several functions (like exp(x), sin(x), cos(x), ln(1+x), etc) d) calculate dot products, cross products, vector projections, distances in R^3 e) calculate partial derivatives, also using the chain rule f) find extreme values of functions of two variables, with and without constraints g) compute double integrals, also using polar coordinates g) calculate with complex numbers h) solve several first- and second-order differential equations (separable equations, first-order linear equations, second-order linear equations with constant coefficients). Inhoud vak Series, vectors in R^2 and R^3, real functions of several variables, complex numbers, differential equations. Topics that will be treated are: 1) sequences, series, power series, Taylor series 2) vectors, dot product, cross product, vector projection, distances in R^3 3) partial derivatives, chain rule, gradients 4) extreme values, Lagrange multiplier method 5) double integrals, polar coordinates 6) complex numbers 7) first and second order differential equations Aanvullende informatie onderwijsvormen Lectures (3 x 2 hours per week) and seminars (2 x 2 hours per week). Attendance for at least 10 out of a total of 14 seminars is mandatory. Toetsvorm There is a midterm exam and a final exam. The final grade (G) is the average of the midterm exam (M) and final exam (F): G=(M+F)/2. There is one retake which covers all topics for the midterm exam and the final exam. The midterm exam or final exam cannot be retaken separately. Literatuur Adams and Essex, Calculus: A Complete Course, 9th edition, Pearson 2018, ISBN-10: 0134154363 • ISBN-13: 9780134154367. Aanvullende informatie doelgroep 1 BA Overige informatie Vrije Universiteit Amsterdam - Faculteit der Bètawetenschappen 7 Jul 2022 - Pagina 6 van 16 Business Analytics year 1 - Business Analytics - 2022-2023 Attendance for at least 10 out of a total of 14 seminars is mandatory. Aanbevolen voorkennis Calculus 1 English Language Test Vakcode Studiepunten Periode Vakniveau Onderwijstaal Faculteit Vakcoördinator Examinator Betrokken Docenten Werkvormen VU_ELT 0.00 P1 0 Engels Overige informatie The language proficiency test is for all first-year bachelor’s students. The test assesses whether your language proficiency in English is high enough for embarking on an academic career. The test focuses on the following topics: grammar, spelling and punctuation, structure, vocabulary/usage and formulation. The English language proficiency test also includes: reading comprehension, pronunciation and classroom English. You receive a score of High, Medium or Low. If your score is Low, you will have to take the English refresher course. You will only receive your credits for the first-year course that the test is a part of once you have completed the test or the refresher course with a pass mark. Therefore, participation in the refresher course is by no means optional! For more information about the language proficiency test, see: https://www.vu.nl/en/programmes/links/language-test.aspx Non-standard registration procedure The faculty registers you for this course. After, check your personal schedule to see when you have to take the test. Introduction to Business Analytics Vakcode Studiepunten Periode Vakniveau Onderwijstaal Faculteit Vakcoördinator Examinator Betrokken Docenten Werkvormen X_400619 6.00 P1+2 100 Engels Faculteit der Bètawetenschappen dr. R. Bekker dr. R. Bekker J.E.L. van Kasteren MSc, dr. R. Bekker Werkcollege, Hoorcollege, Excursie Doel vak After completing this course, the student can 1. explain what Business Analytics is and understand its relations to Vrije Universiteit Amsterdam - Faculteit der Bètawetenschappen 7 Jul 2022 - Pagina 7 van 16 Business Analytics year 1 - Business Analytics - 2022-2023 other scientific disciplines, 2. use Excel for Business Analytics purposes, 3. deal with problems from descriptive, predictive, and prescriptive analytics, 4. assess the outcome of methods from Business Analytics and discuss its relevance for the underlying problem, 5. read and understand papers in the domain of Business Analytics, 6. present the Business Analytics approach clearly and insightfully in a practical setting. Inhoud vak In this course, students get an understanding of what Business Analytics is. You will work on a large case study that incorporates a variety of aspects that you may find in a Business Analytics project. Moreover, the course helps you to understand the contents and the objectives of the Business Analytics curriculum. You will learn to see the connections between the different scientific fields and the skills that you need. You will develop data literacy, work with Excel for data analysis and the construction of a mathematical model, and acquire an analytic mindset that will help you in data-driven decision making. In addition, 3 lectures are devoted to Academic Writing with corresponding assignments. Aanvullende informatie onderwijsvormen Lectures and practical tutorial sessions. Toetsvorm The final assessment is based on individual Excel assignments, assignments and reports regarding the case study, presentation, and final grade of the Academic Writing module. Students should pass the individual Excel assignments, whereas a weighted average over the other parts is taken, which should be at least 5.5. The average of the assignments for the Academic Writing module should also be at least 5.5. The precise assessment will be made available on Canvas. There are no resit options for this course. Aanvullende informatie doelgroep 1BA Overige informatie Attendance is compulsory. It is convenient to bring your own laptop with Excel. If you do not have a license yet for Excel, then you can purchase Microsoft Office with a student discount via Surfspot.nl with your VUnet ID. All three versions suffice: Office 365, 2016, or 2019. Introduction to Programming (Java) Vakcode Studiepunten Periode Vakniveau Onderwijstaal Faculteit Vakcoördinator Examinator Betrokken Docenten Werkvormen X_400634 6.00 P1+2 100 Engels Faculteit der Bètawetenschappen J. Veltman J. Veltman J. Veltman Practicum, Hoorcollege Doel vak Vrije Universiteit Amsterdam - Faculteit der Bètawetenschappen 7 Jul 2022 - Pagina 8 van 16 Business Analytics year 1 - Business Analytics - 2022-2023 After finishing the course, students will: - have an understanding of the basic principles and concepts of programming. (Knowledge and understanding) - be able to read and write computer programs and algorithms in Java. (Knowledge and understanding) (Applying knowledge and understanding) - use the computer to solve problems in a structured manner. (Applying knowledge and understanding) (Making judgements) (Lifelong learning skills) Inhoud vak In this course, students will learn how to program in the programming language Java. Rather than focusing on Java-specific topics, the course focuses mainly on the basic principles of programming, with emphasis on good programming style and structure. These principles are applicable to any object-oriented or imperative programming language, which makes it easier for students to adapt to other programming languages during their further research or study. The following topics are covered: programming languages, algorithms, primitive types, declaration statements, expressions, assignment statements, object types, I/O (using the PrintStream and Scanner class), methods, standard classes String and Math, control flow, writing methods, writing classes, arrays, matrices, program design, recursion, and using a graphical interface through a pre-programmed library. Aanvullende informatie onderwijsvormen Lectures (4 hours per week) and practical sessions (3 hours per week). During the practical sessions, students will be divided into practical groups, each supervised by a teaching assistant. There are no practical sessions during the first week of the course. Toetsvorm The final grade consists of a practical grade and an exam grade. During the practical, students have to hand in an individually graded assignment once every two weeks. The practical grade is determined by the weighted average of these graded assignments. In order to pass the course, the practical grade and the exam grade both need to be at least a 5.5. If this is the case, the final grade F follows from the practical grade P and the exam grade E by F = max(E, (2* E + P) / 3). There is no resit opportunity for the practical work. Literatuur Walter J. Savitch, Absolute Java, Global Edition, ISBN: 9781292109220 Aanvullende informatie doelgroep Bachelor Business Analytics (year 1) Bachelor Econometrics and Operations Research (year 1) Overige informatie Registration for practical groups will happen via Canvas during the first or second week of the course. Linear Algebra Vakcode Studiepunten Periode Vakniveau Onderwijstaal X_400042 6.00 P4+5 100 Engels Vrije Universiteit Amsterdam - Faculteit der Bètawetenschappen 7 Jul 2022 - Pagina 9 van 16 Business Analytics year 1 - Business Analytics - 2022-2023 Faculteit Vakcoördinator Examinator Betrokken Docenten Werkvormen Faculteit der Bètawetenschappen dr. J.P. Mujica MSc dr. J.P. Mujica MSc dr. J.P. Mujica MSc Deeltoets, Hoorcollege, Werkcollege Doel vak After successfully completing this course, the student - has a working knowledge of the concepts of matrix algebra and finite-dimensional linear algebra, such as echelon form, LU-decomposition, linear independence and determinants; - is familiar with the general theory of finite-dimensional vector spaces, in particular with the concepts of basis and dimension; - is familiar with the concepts of eigenvalues and eigenvectors, diagonalization and singular value decomposition and can apply these concepts in basic applications in discrete time dynamical systems; - has working knowledge of the concepts of inner product spaces and matrices acting in inner product spaces, including orthogonal projections and diagonalization of symmetric matrices. Inhoud vak - systems of linear equations - linear (in)dependence - linear transformations and matrices - matrix operations - determinants - vector spaces and subspaces - basis and dimension - rank of a matrix, dimension theorem - coordinate systems and change of basis - eigenvalues and eigenvectors - diagonalization of matrices - inner product, length and orthogonality - orthogonal bases and least-squares problems - diagonalization of symmetric matrices - singular value decomposition Aanvullende informatie onderwijsvormen 2 lectures and 1 exercise class per week Toetsvorm Four small tests (20 percent, only the best three are taken into account), a midterm exam (40 percent) and a final exam (40 percent). There is a resit. For students taking the resit the final grade is determined by the maximum of 0.2 times the average of the best three tests plus 0.8 times the result of the resit, and just the resit. Literatuur David C. Lay, Stephen R. Lay and Judi J. McDonald, Linear Algebra and its Applications, 5th edition, Pearson Global Edition, ISBN-13 9781292092232 Aanvullende informatie doelgroep 1BA Operations Research Vakcode X_400618 Vrije Universiteit Amsterdam - Faculteit der Bètawetenschappen 7 Jul 2022 - Pagina 10 van 16 Business Analytics year 1 - Business Analytics - 2022-2023 Studiepunten Periode 6.00 P4 Vakniveau Onderwijstaal Faculteit Vakcoördinator Examinator Betrokken Docenten Werkvormen 100 Engels Faculteit der Bètawetenschappen dr. D.A. van der Laan dr. D.A. van der Laan dr. D.A. van der Laan Hoorcollege, Werkcollege Doel vak Acquaint the student with the use of mathematical techniques for solving deterministic optimization problems. Subjects studied are: - Modelling with linear and integer linear optimization - Solution methods (algorithms) for solving these problems - Fundamental problems in network optimization - Dynamic programming Inhoud vak The course is a first introduction to optimization. Given a large number of decisions to be made, subject to certain constraints on what combination of these decisions are allowed, what choices will lead to the best possible outcome (such as maximum profit)? We will discuss the modelling of verbally-described practical problems using appropriate mathematical formulations - in particular, linear optimization and integer linear optimization models. Extremely powerful software tools for solving such models, and they are widely used in industry. We will see the basic algorithmic principles upon which these software tools are based: in particular, the simplex method for linear optimization, and building on this, the branch-and-bound method for integer linear optimization. Many problems have specific structure that can be exploited to obtain much faster algorithms. We will see this in two contexts: - Network optimization problems. What is the shortest way to get between two nodes in a network? Or the cheapest way to build a road network between a given collection of cities so that all cities are connected? We will develop efficient algorithms for these (and similar) problems. - Dynamic programming. This is a fundamental technique in computer science. Determining whether and in which way this technique can be applied to a given problem is challenging, but it can provide extremely fast algorithms. Aanvullende informatie onderwijsvormen Lectures: 4 hours per week. Tutorials: 3 hours per week. During lectures the material will be presented based on the book and supplementary lecture notes. In the tutorials, students will work on the exercises themselves and have the opportunity to get help from the teaching assistants. The last part of a few tutorials will be reserved to a small selection of exercises (pretest) to be handed in for grading. In case of tutorials on campus students can work in small groups (2 or 3 per group) on these pretests. Toetsvorm - At most 3 pretests which will be scheduled during the tutorials. If the student participates in all 3 pretests then the best 2 pretest results will count for the pretest average. The pretest average may comprise 10 % of the final grade if the pretest average is higher than Vrije Universiteit Amsterdam - Faculteit der Bètawetenschappen 7 Jul 2022 - Pagina 11 van 16 Business Analytics year 1 - Business Analytics - 2022-2023 the exam grade. A student has to participate in at least 2 pretests for the possibility to use (for 10 %) the pretest average in computation of the final grade. - A written exam will constitute the remaining 90% (or 100 % if pretest average is not counted) of the final grade. Vereiste voorkennis None Literatuur H. Taha. Operations Research: An Introduction (10th Edition). Provided lecture notes Aanvullende informatie doelgroep 1BA Toelichting Canvas Canvas will be used extensively during the course Aanbevolen voorkennis None Probability Theory Vakcode Studiepunten Periode Vakniveau Onderwijstaal Faculteit Vakcoördinator Examinator Betrokken Docenten Werkvormen X_400622 6.00 P4+5 200 Engels Faculteit der Bètawetenschappen dr. M. Frolkova prof. dr. R.W.J. Meester dr. C.M. Quant Deeltoets, Hoorcollege, Werkcollege Doel vak After this course: 1. Students know the three axioms of probability and associated basic propositions and are able to use these to compute probabilities of events. They understand the concept of independence and can compute conditional probabilities (directly or with Bayes' rule). 2. Students can compute probability mass functions and density functions, cumulative distributions, expectations and variances of discrete and continuous random variables. They also know important discrete and continous probability distributions (Bernoulli, binomial, Poisson, geometric, hyper geometric, uniform, normal and exponential distribution) and their properties and know in which context these distributions occur. 3. Students can work with jointly distributed random variables. They can compute probabilities, use the concept of independence in this context, compute marginal distributions, conditional distributions, (conditional) expectations, covariances and correlations. 4. Students can compute the probability distribution of a function of a random variable or a random vector. 5. Students know and can apply the central limit theorem. Inhoud vak Vrije Universiteit Amsterdam - Faculteit der Bètawetenschappen 7 Jul 2022 - Pagina 12 van 16 Business Analytics year 1 - Business Analytics - 2022-2023 We study experiments in which randomness plays a role. We first consider discrete probability experiments: experiments with a countable number of possible outcomes. You can think of tossing dice, shuffling a deck of cards, flipping coins etc. The possible outcomes form a set, the so called sample space. Every subset of this sample space is an event. We assign reasonable probabilities to events, such that the three axioms of probability are satisfied. We compute probabilities in these situations and consider associated concepts such as independence, conditional probabilities, random variables and important discrete probability distributions e.g. the Bernoulli, Binomial, geometric, hypergeometric and Poisson distribution. We then consider experiments with an uncountable number of possible outcomes and continuous random variables. We consider a number of well-known continuous distributions: the uniform, exponential and normal distributions. We study joint distributions of several (discrete or continuous) random variables. In this context we deal with independence, conditional distributions and expectations, distributions and expectations of functions of random vectors and covariance. We study the Central limit theorem and normal approximations to Binomial distributions. Aanvullende informatie onderwijsvormen lectures (4 hours per week) and tutorials (2 hours per week). There will be 4 short tests during the tutorials. Toetsvorm Midterm exam (40%), final exam (40%) and short tests (20%), see Canvas for the details. Literatuur Anderson, D.F, Seppäläinen, T, and Valkó, B, Introduction to Probability, Cambridge University Press, 2018. Aanvullende informatie doelgroep Mathematics and BA, year 1 and premaster Mathematics Aanbevolen voorkennis -First year calculus courses for BA or Mathematics. Mathematics students have their second Calculus course simultaneously with Probability Theory. -Sets and Combinatorics (BA) or Basic Concepts in Mathematics (Mathematics). If you were unable to take the course Basic Concepts in Mathematics or Sets and Combinatorics, e.g. because you are a part time student, it is recommended that you study Appendix B and C of the book before the start of the course. Project Business Analytics 1 Vakcode Studiepunten Periode Vakniveau Onderwijstaal Faculteit Vakcoördinator Examinator Betrokken Docenten X_400316 3.00 P3 100 Engels Faculteit der Bètawetenschappen dr. A. Zocca dr. A. Zocca J.E.L. van Kasteren MSc, dr. A. Zocca Vrije Universiteit Amsterdam - Faculteit der Bètawetenschappen 7 Jul 2022 - Pagina 13 van 16 Business Analytics year 1 - Business Analytics - 2022-2023 Werkvormen Practicum, Hoorcollege Doel vak The objective of the course is to expose students to Business Analytics in Microsoft Excel. After this course, the student should be able to: 1. model practical business problems in Excel, 2. solve optimization problems in Excel, 3. write a clear and concise management report, 4. give a clear presentation on the solution of a practical use case. Inhoud vak The course deals with business modeling and optimization techniques in Excel. Students will be exposed to simplified business problems that can be solved with methods and techniques that they have been taught in previous courses. This project will also enhance Excel skills and further develop business and academic writing. The project is finalized​ by individual oral presentations. Aanvullende informatie onderwijsvormen During the course,​ students will work individually as well as in groups of at most 3 persons. Toetsvorm The final assessment is based on individual Excel assignments (that count for 30% of the final grade), a management report for the group assignment (that counts for 40% of the final grade), and individual oral presentations (that count for 30% of the final grade). There are no resit options for this course. Literatuur No additional book or literature will be used in the course. Aanvullende informatie doelgroep 1BA Toelichting Canvas All the course material will be made available on Canvas. Project Business Analytics 2 Vakcode Studiepunten Periode Vakniveau Onderwijstaal Faculteit Vakcoördinator Examinator Betrokken Docenten Werkvormen XB_0037 6.00 P6 100 Engels Faculteit der Bètawetenschappen dr. W. Kager dr. W. Kager J.E.L. van Kasteren MSc, dr. R. Bekker, dr. W. Kager Deeltoets, Computerpracticum, Hoorcollege, Werkcollege Doel vak After completion of this course, the student can 1. explain the concepts of risk and uncertainty, and apply several methods to measure and manage risks (a.o. Value at Risk, Expected Shortfall, Efficient Frontier, Diversification); Vrije Universiteit Amsterdam - Faculteit der Bètawetenschappen 7 Jul 2022 - Pagina 14 van 16 Business Analytics year 1 - Business Analytics - 2022-2023 2. use spreadsheet software (e.g. Excel or LibreOffice Calc) to perform Monte Carlo simulations; 3. build a simulation model using spreadsheet software for a practical problem in risk management, using provided data as input; 4. analyze and assess risks and give a recommendation on the basis of a (simulation) model; 5. present his/her approach and results both in a written report and in an oral presentation. Inhoud vak This course focuses on obtaining a broad understanding of the concepts of risk and uncertainty and how they can arise in a variety of (not necessarily financial) settings. You will apply these concepts in exercises and work in teams to solve simplified business cases about risk management using simulation models that you build using spreadsheet software. You will use knowledge obtained in other Business Analytics courses in the first year, in particular the courses Probability Theory and Operations Research, to create and analyze your model. You will write a report about the simplified business case and give an oral presentation on the results and conclusions. Aanvullende informatie onderwijsvormen A combination of lectures, tutorials, computer labs and self-teaching via Canvas. The expected contact hours are as follows: in the first week, three 2-hour lectures and five 2-hour tutorials / computer labs; in the second and third week, two 2-hour lectures and six 2-hour tutorials / computer labs. In the fourth week you have to give a final presentation on your team project; the schedule for this will be specified via Canvas. Toetsvorm The final grade is composed of the following parts: part A: individual assignments; part B: group assignments; part C: written report and individual presentation on a team project; part D: individual exam. The precise terms of assessment and the weights of the different parts of the grade will be specified on Canvas. A resit opportunity is offered only for the individual exam (part D). Literatuur Will be specified on Canvas. Aanbevolen voorkennis Probability Theory (in particular, we require knowledge of the standard discrete and continuous probability distributions, and the rules for mean, variance and standard deviation). Sets and Combinatorics Vakcode Studiepunten Periode Vakniveau Onderwijstaal Faculteit Vakcoördinator Examinator Betrokken Docenten Werkvormen X_400621 3.00 P3 100 Engels Faculteit der Bètawetenschappen dr. I. Canakci dr. I. Canakci dr. I. Canakci Hoorcollege, Werkcollege Vrije Universiteit Amsterdam - Faculteit der Bètawetenschappen 7 Jul 2022 - Pagina 15 van 16 Business Analytics year 1 - Business Analytics - 2022-2023 Doel vak After completing this course, the student 1. is able to prove identities between sets using Venn diagrams and the algebra of sets or logical reasoning; 2. can compose sets using set operations to produce a desired set, and conversely, determine the elements of such a composed set; 3. can work with the standard sample spaces of Probability Theory to compute the sizes of such sample spaces and of typical events; 4. can decide whether a given function is injective, surjective and/or bijective; 5. can determine images and preimages of sets under a given function; 6. is able to construct proofs by mathematical induction and apply the binomial and multinomial theorem in calculations. Inhoud vak Sets, set operations, the algebra of set theory, the laws of De Morgan, product sets and power sets, standard sample spaces of Probability Theory, basic rules of combinatorics, permutations and combinations, binomial and multinomial coefficients, binomial and multinomial theorem, cardinality and (un)countability, functions and graphs, the principle of mathematical induction. Aanvullende informatie onderwijsvormen In each of the first three weeks: two lectures of 2 hours, and one tutorial of 3 hours. In the fourth week: one lecture of 2 hours and one tutorial of 2 hours before the final exam. Toetsvorm Three written pretests during each of the first three tutorials, and a written exam at the end of the course. The exam determines 75% of the grade, the pretests together determine 25% of the grade. The final grade is the weighted average of the exam and the pretests (in particular, a bad grade for one test can be compensated by a good grade for another test). For the resit exam, the pretests are only taken into account if this is in the student's favour. If the average grade of the pretests is lower than that of the resit exam, only the grade of the resit exam will count. There is no resit possible for pretests only. Literatuur Lecture Notes for the course and all additional course materials will be provided through Canvas. Aanvullende informatie doelgroep 1BA Vrije Universiteit Amsterdam - Faculteit der Bètawetenschappen 7 Jul 2022 - Pagina 16 van 16