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
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.
Learning outcomes and graduate attributes
| 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 | Knowledge of a discipline | ||||||
| 2 | apply quantitative techniques to solve problems from economics and business | Knowledge of a discipline | ||||||
| 3 | communicate quantitative ideas, processes and results effectively at different levels of formality | Communication and social skills | ||||||
| 4 | use an appropriate spreadsheet or statistical software in quantitative calculations. | Lifelong learning | ||||||
| 5 | assess and reflect on their quantitative skills, strengths and learning style. | Lifelong learning | ||||||
Prescribed texts
Session 1
- Jacques, I, 2013, Mathematics for Economics and Business, 7th rev. edn, Prentice Hall, Harlow, GB. ISBN: 9780273763567.
Session 2
- Jacques, I, 2013, Mathematics for Economics and Business, 7th rev. edn, Prentice Hall, Harlow, GB. ISBN: 9780273763567.
Teaching and assessment
Gold Coast
| Teaching method |
| Lecture online 1 hour (12 weeks) |
| Tutorial on-site 2 hours (12 weeks) |
| Assessment | |
| Self-audit with reflection | 10% |
| Project | 30% |
| Quiz | 30% |
| Exam: closed book | 30% |
Online
| Teaching method |
| Lecture online 1 hour (12 weeks) |
| Structured online learning 2 hours (12 weeks) |
| Assessment | |
| Self-audit with reflection | 10% |
| Project | 30% |
| Quiz | 30% |
| Exam: closed book | 30% |
Fee information
Domestic
Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
Commencing 2015 Commonwealth Supported only. Student contribution band: 2
Fee paying courses
For POSTGRADUATE or UNDERGRADUATE full fee paying courses please check Domestic Postgraduate Fees OR Domestic Undergraduate Fees
International
Please check the international course and fee list to determine the relevant fees.