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Quantitative Methods 1
EBC1023 · EBE/SBE Year 1 · Period 1
Math & Statistics — functions, derivatives, optimisation, probability, normal distributions, confidence intervals and hypothesis testing. Built from your UM lecture slides.
300 flashcards180 quiz questions14 topics
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Quantitative Methods 2
EBC1035 · EBE Year 1 · Period 4
Math & Statistics — linear algebra, optimization, regression, ANOVA, chi-square. 110+ questions, mock exam, 7 calculators, full summaries.
Simulates the real exam: 14 Math + 14 Stats questions, 90-minute timer.
You must score at least 6 correct in each part to pass. No books, formula sheet provided.
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⏱ 90 minutes
28 questions
Min 6/14 per part
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QM1 · EBC1023 · EBE · SBE · Maastricht 2025–26
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Quantitative Methods I
Mathematics (Weeks 1–7) and Statistics (Weeks 1–7) — functions, derivatives, optimisation, probability, distributions, confidence intervals and hypothesis testing. Built directly from your UM lecture slides and Math Reader.
💡 Exam format: 30 MC (50%) + Essay questions (50%). The essay almost always asks you to trace a shock through the full IS-LM-PC model using all 5 graphs. Practice this method until it's automatic.
⚠️ Most common mistake: Forgetting that in the MEDIUM RUN, output always returns to Yn. Only the interest rate and GDP composition change permanently from demand shocks.
Model Diagrams & Mechanics Visual reference for all 5 graphs
📈 IS-LM Model
IS downward sloping · LM horizontal at r̄ (ECB sets rate) · Equilibrium A where both clear
🌊 Phillips Curve (PC)
π − πt-1 = (α/L)(Y − Yn) · At Y=Yn: inflation stable · Positive slope in (Y, Δπ) space