Availabilities:

Location Domestic International
Gold Coast Session 1,  2 Session 1,  2
Melbourne N/A Session 1,  2
Online Session 1,  2 Session 1,  2
Papua New Guinea - IBSU Enga N/A Session 1
Papua New Guinea - IBSU Port Moresby N/A Session 1
Sydney N/A Session 1,  2

Unit Summary

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

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.

GA1: , GA2: , GA3: , GA4: , GA5: , GA6: , GA7:
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:

  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 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.
Prescribed texts may change in future teaching periods.