Unit convenor and teaching staff |
Unit convenor and teaching staff
Lecturer
Christopher Gordon
Contact via email
12 Wally's Walk 618
See iLearn
Unit Convenor & Lecturer
Ross Moore
Contact via email
12 Wally's Walk 734
See iLearn
Frank Schoenig
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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: Attendance at, and reasonable engagement in, SGTAs in all first year mathematics units is compulsory. Participation will be assessed by instructors via rosters and observation of students' work during classes. Attendance and reasonable engagement in the class activities in at least 10 out of 12 of the SGTA classes are requirements to pass the unit..
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 Special Consideration.
LATE SUBMISSION OF WORK: All assignments and assessment tasks must be submitted by the official due date and time. No marks will be given for 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 assessment deadlines.
FINAL EXAM POLICY: You are advised that it is Macquarie University policy not to set early 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.
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. By making a special consideration application for the final exam you are declaring yourself available for a resit during the supplementary examination period and will not be eligible for a second special consideration approval based on pre-existing commitments. 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 (bit.ly/FSESupp) for dates, and approved applicants will receive an individual notification one week prior to the exam with the exact date and time of their supplementary examination.
Name | Weighting | Hurdle | Due |
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Group work video | 10% | No | Week 7, 10 |
Assignments | 40% | No | Weeks 7, 12 |
Final examination | 50% | No | University Examination Period |
SGTA Participation | 0% | Yes | Weekly |
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 having a weight of 20%.
Due: University Examination Period
Weighting: 50%
Two hour written Final examination
Due: Weekly
Weighting: 0%
This is a hurdle assessment task (see assessment policy for more information on hurdle assessment tasks)
Attendance at, and reasonable engagement in, Small Group Teaching Activities (SGTA) in all first year mathematics units is compulsory.
Participation will be assessed by instructors via rosters and observation of students' work during classes.
Attendance and reasonable engagement in the class activities in, at least, 10 out of 12 of the classes are requirements to pass the unit. This is a hurdle requirement.
Lectures: you should attend four hours of each lectures each week.
SGTA: you should attend one SGTA each week (starting in Week 1).
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 | 25/2/2019 | Introduction. Numbers | Graphs | |
2 | 4/3/2019 | Fractions. Factoring. Laws of exponents | The XY plane | |
3 | 11/3/2019 | Linear equations, … | The derivative: introduction, definition and meaning | |
4 | 18/3/2019 | … word problems, percentages | The derivative: rules | |
5 | 25/3/2019 | Linear systems. Quadratics | The derivative: uses in economics | |
6 | 1/4/2019 | Exponentials and logarithms | Optimisation | |
7 | 8/4/2019 | Exponentials and logarithms, continued | Functions of several variables | A1 Vodcast group |
Mid Semester Break | ||||
8 | 29/4/2019 | Inequalities. Absolute value | Lagrange Multipliers | |
9 | 6/5/2019 | Arithmetic and geometric progressions | Derivatives of Exponentials and logarithms; Newton's Method | |
10 | 13/5/2019 | Applications of GPs to finance | Integration: introduction, meaning, definition, computation, FTC | Vodcast |
11 | 20/5/2019 | Matrices | Integration: numerical, rules, substitution | |
12 | 27/5/2019 | Matrices, continued | Integration: uses in Economics | A2 |
13 | 3/6/2019 | 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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This graduate capability is supported by:
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Date | Description |
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15/02/2019 | The Assessment Tasks section stated 3 Assignment due dates, when there are now only 2 assignments, as listed in the timetable. The inconsistency has been fixed. Instructions for the Vodcast task have been clarified, with due dates given. In the Unit Timetable, the columns for Algebra and Calculus are swapped. This now corresponds to the lecture days: Tuesday (Algebra) & Friday (Calculus). |