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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
- No prescribed texts.
- No prescribed texts.
- No prescribed texts.