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Unit of Study MATH1003 - Quantitative Methods with Economics (2023)

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Unit Snapshot

  • Unit typeo

    UG Coursework Unit

  • Credit points

    12

  • Faculty/College

    SCU College

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

Warm Up Module: Review of Elementary Arithmetic and Algebra
 
Module 1: Economic Applications of Graphs and Equations I: Cost, Revenue and Profit
 
Module 2: Economic Applications of Graphs and Equations II: Supply and Demand
 
Module 3: Understanding Monetary Change I: Indices and Inflation
 
Module 4: Understanding Monetary Change II: Compound Interest
 
Module 5: Optimising Performance in the Business World: Differentiation
 
Module 6: Interpreting Business and Economic Data: Descriptive Statistics

Availabilities

Location Domestic International
Brisbane - The Hotel School
Term1
Term1,3,5
Gold Coast
Term5
Term5
Melbourne N/A
Term1,5
Melbourne - The Hotel School
Term1,3,5
Term1,3,5
Online
Term1,3,5
Term1,3
Papua New Guinea - IBSU Port Moresby N/A
Term3,5
Perth N/A
Term1,5
Sydney N/A
Term1,3,5
Sydney - The Hotel School
Term1,3,5
Term1,3,5

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:

understand and use basic quantitative skills required in economics and a business environment

apply quantitative techniques to solve problems from economics and business

apply academic literacy skills to reflect and communicate quantitative skills, ideas and results that demonstrate individual strengths and learning styles

use an appropriate spreadsheet or statistical software in quantitative calculations

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
  • 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
  • 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 Learning Resources may change in future Teaching Periods.