Notice
As part of Phase 3 of our return to campus plan, most units will now run tutorials, seminars and other small group activities on campus, and most will keep an online version available to those students unable to return or those who choose to continue their studies online.
To check the availability of face-to-face and online activities for your unit, please go to timetable viewer. To check detailed information on unit assessments visit your unit's iLearn space or consult your unit convenor.
Unit convenor and teaching staff |
Unit convenor and teaching staff
Andrew Evans
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Credit points |
Credit points
10
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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 is highly recommended for all students. Its objective is to help students formulate and analyse problems in business, economics and finance using the power of logical thinking and mathematics. The unit is multi-disciplinary and develops literacy in the quantitative techniques commonly used for planning, resource allocation, the solution of macroeconomic models, optimal production and pricing problems, and portfolio selection. The topics covered include: functions of several variables; calculus of single-variable and multiple-variable functions; optimisation; and matrix algebra. |
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:
Online Tutorial Quizzes
Weighting: 4% each (total 20%)
The online tutorial quizzes must be attempted in weeks 4,6,8,10 and 12 during allocated window
provided outlined on iLearn. Once you begin the quiz you will have 25 minutes to complete the
quiz.
If students undertake a quiz off-campus, it is their responsibility to ensure the compatibility of the
software they use with that of the university. Technical failures that occur when a quiz is done
off-campus cannot be verified by the university and will result in a mark of zero for that quiz.
Students who do not submit this task during the assigned time receive a mark of zero. This
penalty does not apply when an application for Special Consideration has been made and
approved. Note: applications for Special Consideration Policy must be made within 5 (five)
business days of the due date and time. In these circumstances, the student may wish to
consult the University’s Special Consideration policy.
Assignment: Due Monday 4pm in week 8 and week 13.
Weighting: 20 % each (total 40%)
There will be two individual assignments to be completed during the session. The first
assignment is due by 4pm on Monday Week 8 and the second
assignment is due by 4pm on Monday Week 13.
Submission:
• Submit your assignment via Turnitin by the outlined deadline.
• The submission link will be available on iLearn one week prior to the relevant assignment
deadline.
• No extensions will be granted except for cases in which an application for Special
Consideration is made and approved.
• Late submissions will be accepted up to 96 hours after the due date and time.
• There will be a deduction of 10% of the total available marks made from the total awarded mark
for each 24 hour period or part thereof that the submission is late (for example, 25 hours late in
submission incurs a 20% penalty).
Final Exam: University Examination Period
Weighting: 40%
A two-hour open-book online examination, consisting of multiple choice, descriptive short and long answer questions, will be held during the University Examination Period. The examination
will be administered online. Details of the structure of the final examination will be provided when
available during the semester.
Name | Weighting | Hurdle | Due |
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Online final examination | 40% | No | Exam period |
Assignment | 40% | No | Monday Week 8 and Monday Week 13 |
Tutorial quizzes Online | 20% | No | Weeks 4, 6, 8, 10 and 12 |
Assessment Type 1: Examination
Indicative Time on Task 2: 30 hours
Due: Exam period
Weighting: 40%
A two-hour open-book examination, consisting of descriptive short and long answer questions, will be held during the University Examination Period. The examination will be administered online.
Assessment Type 1: Problem set
Indicative Time on Task 2: 30 hours
Due: Monday Week 8 and Monday Week 13
Weighting: 40%
Problem sets (x2 - 20% each)
Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 15 hours
Due: Weeks 4, 6, 8, 10 and 12
Weighting: 20%
Non invigilated online quizzes. Students will be given a 25-minute open book online quiz in weeks 4, 6, 8, 10 and 12. The quizzes are of equal value (4% each).
1 If you need help with your assignment, please contact:
2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation
Required and Recommended Texts and/or Materials
The required and recommended text for ECON1031 is Essential Mathematics for Economics and Business, 4th Ed., by Teresa Bradley.
Technology Used and Required
Unit Web Page
iLearn is an online program available at https://ilearn.mq.edu.au/login/MQ/ through
which students will be able to access resources to assist them throughout the semester.
WileyPLUS
One of the electronic versions of the required text, Essential Mathematics for Economics and Business, 4 Ed., by Teresa Bradley, comes with access to the WileyPLUS website, see here http://www.wileydirect.com.au/buy/essential-mathematics-for-economics-and-business-4th-edition/
On this web site students will be able to develop their own study plan.
Spreadsheet
The use of a spreadsheet will often be helpful for tasks in this unit. For students who don’t own or wish to use Microsoft Excel, a free alternative is provided by OpenOffice (http://www.openoffice.org).
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Macquarie University policies and procedures are accessible from Policy Central (https://policies.mq.edu.au). Students should be aware of the following policies in particular with regard to Learning and Teaching:
Students seeking more policy resources can visit Student Policies (https://students.mq.edu.au/support/study/policies). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.
To find other policies relating to Teaching and Learning, visit Policy Central (https://policies.mq.edu.au) and use the search tool.
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/admin/other-resources/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 help you improve your marks and take control of your study.
The Library provides online and face to face support to help you find and use relevant information resources.
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.
Unit information based on version 2021.03 of the Handbook