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Unit of Study MAT10706 - Quantitative Methods with Economics (2019)

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Unit Snapshot

  • Unit type

    UG Coursework Unit

  • Credit points

    12

  • AQF level

    6

  • Level of learning

    Introductory

  • Former School/College

    SCU College

  • Anti-requisites

      MAT10001 Foundation Mathematics

  • Enrolment information

Unit description

Introduces students to and develops skills in the quantitative tools, concepts and skills required in a business degree. To reinforce student learning the use of these quantitative tools and skills to solve problems from economics and business is emphasised. A spreadsheet package will be used to solve and communicate quantitative problems and concepts.

Unit content

Quantitative Skills
Algebra — Fractions, decimals and percentages — Graphs with Excel

Linear and Nonlinear Functions and Graphs
Revenue, profit, cost and break-even analysis — Simple and compound interest — Supply and demand analysis

Differentiation
Simple rules of differentiation — Marginal functions — Elasticity — Optimisation

Statistics
Descriptive statistics — Descriptive statistics using Excel

Availabilities

Location Domestic International

Learning outcomes and graduate attributes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

On completion of this unit, students should be able to:

GA1: Intellectual rigour, GA2: Creativity, GA3: Ethical practice, GA4: Knowledge of a discipline, GA5: Lifelong learning, GA6: Communication and social skills, GA7: Cultural competence
GA1 GA2 GA3 GA4 GA5 GA6 GA7
1 demonstrate an understanding of, and the ability to use, basic quantitative skills required in economics and a business environment
2 apply quantitative techniques to solve problems from economics and business
3 communicate quantitative ideas, processes and results effectively at different levels of formality
4 use an appropriate spreadsheet or statistical software in quantitative calculations
5 assess and reflect on their quantitative skills, strengths and learning style.

On completion of this unit, students should be able to:

  1. demonstrate an understanding of, and the ability to use, basic quantitative skills required in economics and a business environment
    • GA4:
  2. apply quantitative techniques to solve problems from economics and business
    • GA4:
  3. communicate quantitative ideas, processes and results effectively at different levels of formality
    • GA6:
  4. use an appropriate spreadsheet or statistical software in quantitative calculations
    • GA5:
  5. assess and reflect on their quantitative skills, strengths and learning style.
    • GA5:

Prescribed learning resources

Prescribed Texts
  • No prescribed texts.

Prescribed Texts
  • No prescribed texts.

Prescribed Texts
  • No prescribed texts.

Prescribed Learning Resources may change in future Teaching Periods.