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Unit of Study MATH1003 - Quantitative Methods with Economics (2021)

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Unit Snapshot

  • Unit type

    UG Coursework Unit

  • Credit points

    12

  • Faculty/College

    SCU College

  • Enrolment information

    N/A

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
Brisbane - The Hotel School
Session1,2,3
Session1,2,3
Gold Coast
Study Period2
Study Period2
Hayman Island - Hotel School
Session2,3
Session2,3
Melbourne N/A
Session1,2
Melbourne - The Hotel School
Session1,2,3
Session1,2,3
Online
Session1,2,3
Session1,2,3
Papua New Guinea - IBSU Port Moresby N/A
Session1
Perth N/A
Session1,2
Sydney N/A
Session1,2
Sydney - The Hotel School
Session1,2,3
Session1,2,3

Learning outcomes

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:

demonstrate an understanding of, and the ability to use, basic quantitative skills required in economics and a business environment

apply quantitative techniques to solve problems from economics and business

communicate quantitative ideas, processes and results effectively at different levels of formality

use an appropriate spreadsheet or statistical software in quantitative calculations

assess and reflect on their quantitative skills, strengths and learning style.

Prescribed learning resources

Prescribed Texts
  • No prescribed texts.

Prescribed Texts
  • No prescribed texts.

Prescribed Texts
  • No prescribed texts.

Prescribed Texts
  • No prescribed texts.

Prescribed Learning Resources may change in future Teaching Periods.