Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor & Lecturer
Ross Moore
Contact via email
12 Wally's Walk 734
See iLearn
Lecturer
Christopher Gordon
Contact via email
12 Wally's Walk 618
See iLearn
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Credit points |
Credit points
3
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Prerequisites |
Prerequisites
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Corequisites |
Corequisites
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Co-badged status |
Co-badged status
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Unit description |
Unit description
This unit introduces students to a range of mathematical techniques from algebra and calculus. Its focus is on the modern application of these ideas, with a particular emphasis on applications to problems in economics, business and finance, and it provides a sound mathematical basis for further study in these areas. Topics include algebra relevant to basic financial mathematics, the development of the techniques of differentiation and integration with applications to constrained and unconstrained optimisation, including multivariable cases, and the development and application of a variety of useful approximation techniques. A key focus of the unit is the development of a clear understanding of the role that mathematics plays in modern society, and the development of a sound grasp of how mathematics is used to provide sophisticated modelling of complex real problems.
While the mathematical content of this unit has considerable overlap with the mathematical content of MATH130, the flavour with which the material is presented is such that this unit is the appropriate choice for economics, business and finance students, while students who wish to pursue study in science will be better served by studying MATH130.
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Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
On successful completion of this unit, you will be able to:
HURDLES: Participation in a weekly Small Group Teaching Activity (SGTA) is compulsory from week 2. Participation will be assessed by observation of students' work during classes or through submission of work completed during the SGTA. Participation and reasonable engagement in the class activities in at least 10 out of 12 SGTA's are requirements to pass the unit. This is a hurdle requirement.
ATTENDANCE and PARTICIPATION: Please contact the unit convenor as soon as possible if you have difficulty attending and participating in any classes. There may be alternatives available to make up the work. If there are circumstances that mean you miss a class, you can apply for a Special Consideration.
ASSIGNMENT SUBMISSION: Assignment submission will be online through the iLearn page.
Submit assignments online via the appropriate assignment link on the iLearn page. A personalised cover sheet is not required with online submissions. Read the submission statement carefully before accepting it as there are substantial penalties for making a false declaration.
• Assignment submission is via iLearn. You should upload this as a single scanned PDF file.
• Please note the quick guide on how to upload your assignments provided on the iLearn page.
• Please make sure that each page in your uploaded assignment corresponds to only one A4 page (do not upload an A3 page worth of content as an A4 page in landscape). If you are using an app like Clear Scanner, please make sure that the photos you are using are clear and shadow-free.
• It is your responsibility to make sure your assignment submission is legible.
• If there are technical obstructions to your submitting online, please email us to let us know.
You may submit as often as required prior to the due date/time. Please note that each submission will completely replace any previous submissions. It is in your interests to make frequent submissions of your partially completed work as insurance against technical or other problems near the submission deadline.
LATE SUBMISSION OF WORK: All assignments or assessments must be submitted by the official due date and time. No marks will be given to late work unless an extension has been granted following a successful application for Special Consideration. Please contact the unit convenor for advice as soon as you become aware that you may have difficulty meeting any of the assignment deadlines. It is in your interests to make frequent submissions of your partially completed work. Note that later submissions completely replace any earlier submission, and so only the final submission made before the due date will be marked.
FINAL EXAM POLICY: examinations for individuals or groups of students. All students are expected to ensure that they are available until the end of the teaching semester, that is, the final day of the official examination period. The only excuse for not sitting an examination at the designated time is because of documented illness or unavoidable disruption. In these special circumstances, you may apply for special consideration via ask.mq.edu.au.
SUPPLEMENTARY EXAMINATIONS:
IMPORTANT: If you receive special consideration for the final exam, a supplementary exam will be scheduled in the interval between the regular exam period and the start of the next session. If you apply for special consideration, you must give the supplementary examination priority over any other pre-existing commitments, as such commitments will not usually be considered an acceptable basis for a second application for special consideration. Please ensure you are familiar with the policy prior to submitting an application. You can check the supplementary exam information page on FSE101 in iLearn (https://bit.ly/FSESupp) for dates, and approved applicants will receive an individual notification sometime in the week prior to the exam with the exact date and time of their supplementary examination.
Name | Weighting | Hurdle | Due |
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SGTA Participation | 0% | Yes | Weekly |
Group work video | 10% | No | Week 7, 10 |
Assignments | 40% | No | Weeks 7, 12 |
Final examination | 50% | No | University Examination Period |
Due: Weekly
Weighting: 0%
This is a hurdle assessment task (see assessment policy for more information on hurdle assessment tasks)
Participation in a weekly Small Group Teaching Activity (SGTA) from week 2 is compulsory.
Participation will be assessed by observation of students' work during classes or submission of work completed during the SGTA. Participation and reasonable engagement in the class activities in at least 10 out of 12 SGTA's are requirements to pass the unit. This is a hurdle requirement.
Due: Week 7, 10
Weighting: 10%
Group assignment where a vodcast is created. You must enrol in a Vodcast group by Week 7.
The Vodcast itself must be completed by Week 10.
Due: Weeks 7, 12
Weighting: 40%
Two assignments each worth 20%
Due: University Examination Period
Weighting: 50%
Two hour written Final examination
Lectures: you should attend four hours of each lectures each week.
SGTA: you should attend one SGTA each week (starting in Week 2).
Required and Recommended Texts and/or Materials
The main text for this unit is:
Mavron, et al, Mathematics for Economics and Finance, Springer.
It can be found here. The book can be downloaded for free when using an academic internet connection, such as using your student login details at university or from the computers in the library.
There are a variety of texts that cover aspects of the content of the unit:
There are many books in the library with similar content.
The following texts are also useful for this unit, and are available from the CO-OP Bookshop on campus, and are in the Library.
Calculus - single & multivariable, Hughes-Hallett, Gleason & McCallum (7th edition), John Wiley.
See http://www.wileydirect.com.au/buy/calculus-single-multivariable-7th-edition/
The textbook is available online for free from the library. On the "advanced search" link for multisearch, put in the title "calculus" and the author "hughes-hallett", and it is the first result. Next, ask to see all editions. Choosing the seventh edition takes you to where you can obtain online access, and download or view pdfs.
Stewart, Redlin and Watson; Precalculus: mathematics for calculus, any edition
Students are expected to have access to an internet enabled computer with a web browser and Adobe Reader software. There are computers for student use in the Library, including laptops for loan.
In order to complete the group work video assessment task, students will need access to a device capable of recording video and audio, such as a smartphone or computer with a webcam. Students who do not have access to such devices will be assisted in joining a group that does.
Difficulties with your home computer or internet connection do not constitute a reasonable excuse for lateness of, or failure to submit, assessment tasks.
WEEK | BEGINNING | ALGEBRA | CALCULUS | TASK DUE |
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1 | 29/07/2019 | Introduction. Numbers | Graphs | |
2 | 05/08/2019 | Fractions. Factoring. Laws of exponents | The XY plane | |
3 | 12/08/2019 | Linear equations, … | The derivative: introduction, definition and meaning | |
4 | 19/08/2019 | … word problems, percentages | The derivative: rules | |
5 | 26/08/2019 | Linear systems. Quadratics | The derivative: uses in economics | |
6 | 02/09/2019 | Exponentials and logarithms | Optimisation | |
7 | 09/09/2019 | Exponentials and logarithms, continued | Functions of several variables | A1 due via iLearn. Vodcast group allocation due. |
Mid Semester Break | ||||
8 | 30/09/2019 | Inequalities. Absolute value | Lagrange Multipliers | |
9 | 08/10/2019 | Arithmetic and geometric progressions | Derivatives of Exponentials and logarithms; Newton's Method | |
10 | 14/10/2019 | Applications of GPs to finance | Integration: introduction, meaning, definition, computation, Fundamental Theorem of Calculus | Vodcast due via iLearn |
11 | 21/10/2019 | Matrices | Integration: numerical, rules, substitution | |
12 | 28/10/2019 | Matrices, continued | Integration: uses in Economics | A2 via iLearn |
13 | 04/11/2019 | Revision Study Week |
Macquarie University policies and procedures are accessible from Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central). Students should be aware of the following policies in particular with regard to Learning and Teaching:
Undergraduate students seeking more policy resources can visit the Student Policy Gateway (https://students.mq.edu.au/support/study/student-policy-gateway). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.
If you would like to see all the policies relevant to Learning and Teaching visit Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central).
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/study/getting-started/student-conduct
Results published on platform other than eStudent, (eg. iLearn, Coursera etc.) or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au or if you are a Global MBA student contact globalmba.support@mq.edu.au
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to improve your marks and take control of your study.
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
For all student enquiries, visit Student Connect at ask.mq.edu.au
If you are a Global MBA student contact globalmba.support@mq.edu.au
For help with University computer systems and technology, visit http://www.mq.edu.au/about_us/offices_and_units/information_technology/help/.
When using the University's IT, you must adhere to the Acceptable Use of IT Resources Policy. The policy applies to all who connect to the MQ network including students.
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This graduate capability is supported by:
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