Final answer:
Students should know basic algebra, equations, exponents, number patterns, functions, and some initial statistics before starting the module. Calculus is more advanced but will be useful, especially for economics majors. Solid algebra skills form the basis for understanding algebraic models used in advanced topics.
Step-by-step explanation:
Before beginning the module in question, students are typically expected to have familiarity with certain foundational mathematical concepts. These foundational areas are likely to include but are not limited to basic algebraic expressions, understanding and solving equations, working with exponents, identifying number patterns, exploring functions, and possibly some initial exposure to statistics and probability. While calculus is a more advanced area of mathematics that deals with concepts like limits, derivatives, integrals, and infinite series, students may not need to have mastered this subject before starting the module if the curriculum is designed to introduce calculus concepts progressively.
Including algebraic models in your studies is suggested as a stepping stone towards more complex topics like calculus, particularly for students who are interested in fields like economics. The use of algebraic models can help explain economic phenomena and contribute significantly to understanding advanced economic theories. Therefore, a solid grasp of algebra should be beneficial before engaging with the module's content.
It's also notable that the ability to apply mathematical principles, even at a basic level, is considered crucial for economic and similar subjects. Therefore, gaining proficiency in basic algebra and understanding fundamental statistics will likely serve you well in your academic pursuits.