Module: Rural Business Skills

Module details

  • Module code

    0IFY3
  • Module leader

    Jim Grant
  • Module credits

    15
  • Min study time

    150 hours
  • Contact hrs

    60 hours
  • Teaching Period

    Semester 1

Module content

Utilising a range of rural businesses as a vehicle to acquire, consolidate and apply numerical skills. Explore a range of case studies (e.g. farms, small rural enterprises, rural and real estate, equine, tourism) and learn how to apply a range of numerical skills to real-life scenarios. This will include the confident application of concepts such as ratios, percentages and fractions; measurement and data skills (sources, capture, representation and analysis). Students will learn how to apply numerical skills in a financial context, focussing on some key business functions such as salaries, profit and loss, unit pricing, statements and balance sheets. As skills develop, students will be expected to select and apply techniques to solve problems and be able to communicate numerical information. Frequent formative assessment throughout will consolidate learning and encourage good academic practice.

Module outcomes

To pass this module, students must be able to:

  1. Acquire, select and apply mathematical techniques to solve problems in the rural business sector
  2. Interpret and communicate numerical information related to rural businesses in a variety of forms
  3. Describe basic business financial records

Assessment

Assessment Description Weighting
Coursework Report (1000 words) related to business finance 50%
Examination In-class tests 2 x 30 minute in-class tests 50%

Assessments may differ in 2020/21 due to adjustments for Covid-19. Please check Gateway for the latest regulations.

Key texts

Dyson, John R, & Franklin, Ellie. (n.d.). Accounting for non-accounting students. Pearson, 2017.  

Harris, H. (2016). Essential Maths Skills for AS/A-level Geography. Philip Allan; UK ed. edition.

McLaney, E. (n.d.). Business finance: theory and practice. Financial Times Prentice Hall, 2009. 

Pickerden, M. & Wright, C. (2016). Essential Maths Skills for AS/A Level Business. Philip Allan; UK ed. edition. 

Stein Smith, Sean, author. (n.d.). Common sense finance: finance for individuals and entrepreneurs / Sean Stein Smith. Business Expert Press.