Mathematics in Everyday Life
Module code: G5089
15 credits in autumn semester
Teaching method: Lecture, Workshop
Assessment modes: Unseen examination, Coursework
This module covers:
- Money: Rule of 72, repayments, annuities, APR, compounding, present value, tax system, Student Loans.
- Differential equations: how they arise, how they can be solved. Applications include radiocarbon dating, cooling of liquids, evaporation of mothballs, escape of water down plugholes, war, epidemics, predator-prey models.
- Applications in sports and games -- tennis, rugby, snooker, darts, athletics, soccer, ranking methods.
- Business applications: stock control, linear programming, pound-cost average, hierarchies and promotions policies, the Kelly strategy.
- Voting methods and paradoxes: Arrow's Impossibility Theorem.
- Simpson's Paradox, disease testing (false positives etc), gambling, TV game shows.
- Mathematical essay: eg book reviews, topic descriptions.
Module learning outcomes
- Use of mathematical models.
- Use of mathematical techniques.
- Writing out mathematical arguments.
- Independent work in maths.