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Masters (MSc) in Business Analytics: Operational Research and Risk Analysis

With MSc Business Analytics, you will learn the skills to ensure that processes run smoothly, particularly in the face of challenges and opportunities arising from the global reach of business. You will gain vital knowledge and practical skills to become a professional operations, project or supply chain manager in a globalised environment.

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MSc Business Analytics: Operational Research and Risk Analysis

Year of entry: 2019

Course unit details:
Programming in Python for Business Analytics

Unit code BMAN73701
Credit rating 15
Unit level FHEQ level 7 – master's degree or fourth year of an integrated master's degree
Teaching period(s) Semester 1
Offered by Alliance Manchester Business School
Available as a free choice unit? No

Overview

Data analytics (including data preprocessing, analysis, visualisation, machine learning, and optimisation) with a focus on business applications using the Python programming language and without assuming any previous knowledge in programming.

Aims

The aim of this course is to introduce students to the fundamentals of Python, a general-purpose programming language widely used in the application of Data Science, Big Data Analytics and Optimization to business problems. The course will provide the skills for implementing your own algorithms as well as using the thousands of Python packages available for data analysis, modelling, inference, simulation, prediction, forecasting, visualisation, optimization and decision support. The lab classes will provide ample opportunity for students to practice their programming skills and obtain formative feedback. The course is focused on practical knowledge, examples and business applications for data analytics, rather than learning general programming concepts only. The course is very much hands-on with the ultimate goal of turning you into a versatile data analyst for business applications.

Learning outcomes

At the end of the course unit, students should be able to:

  • Read and write Python code and understand how to use Python packages.
  • Implement algorithms of moderate complexity in Python.
  • Understand the fundamentals of object-oriented programming using Python.
  • Understand how to implement simple data science and optimization algorithms from the literature to tackle business applications.
  • Develop their own algorithms to solve basic data science and optimization problems.
  • Use Python packages to solve complex data science, visualisation and optimisation problems in business and management (e.g., portfolio optimization, customer segmentation, and analysis of financial data).

The learning outcomes of the group work (coursework) will be improved skills in working as a group, and improved communication and presentation skills. These are practical skills that are transferable to team-focused work in general.

Assessment methods

50% Exam (closed book, 2 hours)

50% Coursework (25% group report of around 5000 words + executable Python script, and 25% group presentation)

Feedback methods

  • Informal advice and discussion during a lecture, seminar, workshop or lab.

  • Online exercises and quizzes delivered through the Blackboard course space.

  • Responses to student emails and questions from a member of staff including feedback provided to a group via an online discussion forum.

  • Written and/or verbal comments on assessed or non-assessed coursework.

  • Written and/or verbal comments after students have given a group or individual presentation.

  • Generic feedback posted on Blackboard regarding overall examination performance.

Recommended reading

Core texts:

Python manual - https://www.python.org/doc/ 

A.B. Downey. Think Python: How to Think Like a Computer Scientist. O’Reill, Media, Inc., 2012.

W. McKinney. Python for data analysis: Data wrangling with Pandas, NumPy, and IPython. O'Reilly Media, Inc., 2012.

The course draws material from various sources but these three sources provide a nice overview of all the topics covered in the module.

Supplementary Texts:

E. Jones, E. Oliphant, P. Peterson, et al. SciPy: Open Source Scientific Tools for Python. http://www.scipy.org/, 2001-.

C.H. Papadimitriou and K. Steiglitz. Combinatorial optimization: algorithms and complexity. Courier Corporation, 1982.

C. Reeves and J.E. Rowe. Genetic Algorithms: Principles and Perspectives – A Guide to GA Theory. Kluwer Academic Publishers, 2003. 

Study hours

Scheduled activity hours
Assessment written exam 2
Lectures 22
Practical classes & workshops 22
Independent study hours
Independent study 104

Teaching staff

Staff member Role
Richard Allmendinger Unit coordinator
Manuel Lopez-Ibanez Unit coordinator

Additional notes

Informal Contact Method

  • Office Hours
  • Online Learning Activities (blogs, discussions, self assessment questions)

Return to course details

Silviu Tofan, Romania, MSc Business Analytics Class of 2016
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"I’ve always felt welcome – the staff here offer endless encouragement and support. I’ve had a really good time in Manchester and I think that the University, together with Alliance MBS, has contributed greatly to my experience. This course was quite demanding, but with enough free time to get to enjoy new friends as well as personal hobbies."

Silviu Tofan, Romania

MSc Business Analytics: Operations, Research and Risk Analysis, Class of 2016

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