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Unit of Study MATH1003 - Quantitative Methods with Economics (2025)

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Unit Snapshot

  • Unit type

    UG Coursework Unit

  • Credit points

    12

  • Faculty/College

    SCU College

  • Placement

    No

  • Enrolment information

    N/A

Unit description

This unit equips students with essential quantitative skills for business, information technology and hotel management, focusing on their practical application in decision-making. Students will use quantitative tools to solve problems, with an emphasis on developing statistical analysis competence and interpretation of graphical representations, which is vital for success in economics and business. This unit will also enhance students’ ability to effectively communicate ethical, data-driven quantitative findings to diverse audiences.

Unit content

Warm Up Module: Review of Elementary Arithmetic and Algebra

Module 1: Introduction to Quantitative Analysis and Displaying Data

Module 2: Data analysis for Decision-Making

Module 3: Introduction to Economic Principles

Module 4: Exploring Financial Indicators

Module 5: Exploring Data Relationships

Module 6: Ethics in Decision-Making

Availabilities

Location Domestic International
Brisbane - The Hotel School
Term3,5
Term3,5
Gold Coast
Term3,5
Term3,5
Melbourne N/A
Term3,5
Melbourne - The Hotel School
Term3,5
Term3,5
Online
Term3,5
Term5
Papua New Guinea - IBSU Port Moresby N/A
Term3
Perth N/A
Term3,5
Sydney N/A
Term3,5
Sydney - The Hotel School
Term3,5
Term3,5

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:

Apply foundational descriptive statistical techniques to solve problems within business and/or economic contexts, and formulate data-informed, meaningful conclusions.

Utilise industry-standard spreadsheet and statistical software to generate graphical representations of data relevant to business and/or economic activity.

Apply digital literacy skills to analyse, interpret and communicate data and graphs to formulate evidence-based recommendations for business and/or economic activities, considering ethical and socio-economic factors.

Identify and reflect upon additional data and ethical considerations in order to adjust and enhance evidence-based recommendations for business and/or economic activities.

Prescribed learning resources

Prescribed Texts
  • No prescribed texts.
Prescribed Resources/Equipment

  • A non-programmable calculator. The recommended calculator for students intending further Business studies is Sharp EL738 or EL735S.

  • Access to Microsoft Excel or similar spreadsheet package.

Prescribed Texts
  • Prescribed text information is not currently available.
Prescribed Resources/Equipment
  • Prescribed resources/equipment information is not currently available.

Prescribed Learning Resources may change in future Teaching Periods.