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Foundations of quantitative methods for sustainable organisations

Stage 1, compulsory (all pathways)

The course will develop student understanding of a wide variety of statistical techniques and seeks to improve cognitive skills, effective problem solving and the ability to interpret quantitative studies.

Students will examine the main interconnected economic, social, ecological and governance factors that determine the long-term sustainability of organisations and how these factors can influence each other.

Topics covered

Quantitative methods:

  • Data presentation
  • Measures of central tendency and variation & index numbers
  • Probability and probability distributions
  • Confidence interval estimation
  • Test statistics and one & two-tail tests
  • Tests of difference: Chi-Square & ANOVA
  • Correlation & regression
  • Financial appraisal
  • Linear programming
  • Network analysis

Socio-economic foundations of sustainable consumption:

  • Market
  • Externalities
  • Political Economy
  • Natural resource economics theory
  • Incentive regulation
  • Sustainability and climate change
  • Sustainable economic development
  • Economies of sustainable local communities
  • Sustainable production and consumption
  • Corporate social responsibility in a global context

Learning outcomes

  • Know how to present, and summarise data
  • Illustrate the common bases of quantitative analysis in management, economic and sustainable business studies
  • Apply quantitative techniques to a wide range of business situations such as quality improvement, time series forecasting, financial appraisal and decision making techniques
  • Identify key elements influencing the economic, social and ecological contexts within which organisations operate
  • Understand the interconnected nature of factors influencing the sustainability of organisations
  • Assess the complexity of the business case for corporate social responsibility

Assessment

  • Summative assessment [2000 word] report (40%)
  • Three-hour written examination. (60%)