Availabilities:
Unit Summary
Unit type
UG Coursework Unit
Credit points
12
AQF level
Level of learning
Introductory
Former School/College
Anti-requisites
MAT10001 Foundation Mathematics
Unit aim
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
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: | 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:
-
demonstrate an understanding of and the ability to use basic quantitative skills required in economics and a business environment
- GA4:
-
apply quantitative techniques to solve problems from economics and business
- GA4:
-
communicate quantitative ideas, processes and results effectively at different levels of formality
- GA6:
-
use an appropriate spreadsheet or statistical software in quantitative calculations.
- GA5:
-
assess and reflect on their quantitative skills, strengths and learning style.
- GA5:
Prescribed texts
- Jacques, I, 2013, Mathematics for Economics and Business, 7th rev. edn, Prentice Hall, Harlow, GB. ISBN: 9780273763567.
- Jacques, I, 2015, Mathematics for Economics and Business, 8th edition, Pearson Education Limited, Harlow, United Kingdom. ISBN: 9781292074238.