Availabilities:
| Location | Domestic | International |
|---|
| Brisbane - The Hotel School | | |
| Gold Coast | | |
| Melbourne | N/A | |
| Melbourne - The Hotel School | | |
| Online | | N/A |
| Papua New Guinea - IBSU Port Moresby | N/A | |
| Perth | N/A | |
| Sydney | N/A | |
| Sydney - The Hotel School | | |
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.
GA1: Intellectual rigour,
GA2: Creativity,
GA3: Ethical practice,
GA4: Knowledge of a discipline,
GA5: Lifelong learning,
GA6: Communication and social skills,
GA7: Cultural competence| 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 | | |
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:
Knowledge of a discipline
- apply quantitative techniques to solve problems from economics and business
- GA4:
Knowledge of a discipline
- communicate quantitative ideas, processes and results effectively at different levels of formality
- GA6:
Communication and social skills
- use an appropriate spreadsheet or statistical software in quantitative calculations
- assess and reflect on their quantitative skills, strengths and learning style.
Prescribed texts
- Prescribed text information is not currently available.
- Prescribed text information is not currently available.
- Jacques, I, 2018, Mathematics for Economics and Business My MathLab, 9th edn, Pearson Education Limited, Harlow, United Kingdom. ISBN: 9781292191744.
- Prescribed text information is not currently available.
- Prescribed text information is not currently available.
Prescribed texts may change in future study periods.