Availabilities:
| Location | Domestic | International |
|---|---|---|
| Brisbane - The Hotel School | ||
| Gold Coast | ||
| Hayman Island - Hotel School | ||
| Melbourne | N/A | |
| Melbourne - The Hotel School | ||
| Online | ||
| Papua New Guinea - IBSU Port Moresby | N/A | |
| Perth | N/A | |
| Sydney | N/A | |
| Sydney - The Hotel School |
Unit Summary
Anti-requisites
Cannot be taken if already completed or enrolled in MATH1001 - 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: | |
|---|---|
| 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
- apply quantitative techniques to solve problems from economics and business
- communicate quantitative ideas, processes and results effectively at different levels of formality
- use an appropriate spreadsheet or statistical software in quantitative calculations
- assess and reflect on their quantitative skills, strengths and learning style.
Prescribed texts
- No prescribed texts.
- No prescribed texts.
- No prescribed texts.
- No prescribed texts.