Students

ECON1031 – Quantitative Methods in Economics, Business and Finance

2024 – Session 1, Online-scheduled-In person assessment, North Ryde

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff Unit convener
Fazeel Mohamed Jaleel
fazeel.jaleel@mq.edu.au
Contact via Email
Room 412, 4ER Building
TBA in iLearn.
Credit points Credit points
10
Prerequisites Prerequisites
Corequisites Corequisites
Co-badged status Co-badged status
Unit description Unit description

This unit introduces quantitative methods used throughout business, economics, and finance. Emphasis is placed on developing skills to analyse real-world problems, using logical thinking and mathematical techniques. The techniques covered may include functions, simultaneous equations, financial mathematics, calculus and probability. The problems studied can include pricing decisions, optimal production, planning, economic policy questions and financial portfolio selection. By emphasising the practical application of mathematical principles, this unit equips students with the necessary quantitative literacy to navigate complex problems in business, economics, and finance.

Important Academic Dates

Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates

Learning Outcomes

On successful completion of this unit, you will be able to:

  • ULO1: Identify and describe the role of mathematics and quantitative techniques within economics, business and finance.
  • ULO2: Identify and practice the quantitative skills required to work with mathematical models in economics, business, finance and the economics of sustainability issues.
  • ULO3: Effectively communicate quantitative analysis and relevant associated information.

General Assessment Information

Late Assessment Submission Penalty (written assessments)

Unless a Special Consideration request has been submitted and approved, a 5% penalty (of the total possible mark) will be applied each day a written assessment is not submitted, up until the 7th day (including weekends). After the 7th day, a grade of ‘0’ will be awarded even if the assessment is submitted. Submission time for all written assessments is set at 11.55pm. A 1-hour grace period is provided to students who experience a technical concern.  For any late submissions of time-sensitive tasks, such as scheduled tests/exams, performance assessments/presentations, and/or scheduled practical assessments/labs, students need to submit an application for Special Consideration.

Assessment Tasks

Name Weighting Hurdle Due
Tutorial quizzes 25% No Weeks 4, 6, 8, 10 and 12
Assignment 35% No Week 9 Monday 11:55pm
Final examination 40% No During the University Examination Period.

Tutorial quizzes

Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 15 hours
Due: Weeks 4, 6, 8, 10 and 12
Weighting: 25%

 

Students will be given a 25-minute quiz in weeks 4, 6, 8, 10 and 12. The quizzes are of equal value (5% each).

 
On successful completion you will be able to:
  • Identify and practice the quantitative skills required to work with mathematical models in economics, business, finance and the economics of sustainability issues.

Assignment

Assessment Type 1: Problem set
Indicative Time on Task 2: 30 hours
Due: Week 9 Monday 11:55pm
Weighting: 35%

 

Problem sets in Week 7

 
On successful completion you will be able to:
  • Identify and practice the quantitative skills required to work with mathematical models in economics, business, finance and the economics of sustainability issues.

Final examination

Assessment Type 1: Examination
Indicative Time on Task 2: 30 hours
Due: During the University Examination Period.
Weighting: 40%

 

A two-hour examination, consisting of multiple choice, numerical, short and long answer questions, will be held during the University Examination Period.

 
On successful completion you will be able to:
  • Identify and describe the role of mathematics and quantitative techniques within economics, business and finance.
  • Effectively communicate quantitative analysis and relevant associated information.

1 If you need help with your assignment, please contact:

  • the academic teaching staff in your unit for guidance in understanding or completing this type of assessment
  • the Writing Centre for academic skills support.

2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation

Delivery and Resources

Please refer to iLearn for details of Delivery and Resources.

Policies and Procedures

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.

Student Code of Conduct

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

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 connect.mq.edu.au or if you are a Global MBA student contact globalmba.support@mq.edu.au

Academic Integrity

At Macquarie, we believe academic integrity – honesty, respect, trust, responsibility, fairness and courage – is at the core of learning, teaching and research. We recognise that meeting the expectations required to complete your assessments can be challenging. So, we offer you a range of resources and services to help you reach your potential, including free online writing and maths support, academic skills development and wellbeing consultations.

Student Support

Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/

The Writing Centre

The Writing Centre provides resources to develop your English language proficiency, academic writing, and communication skills.

The Library provides online and face to face support to help you find and use relevant information resources. 

Student Services and Support

Macquarie University offers a range of Student Support Services including:

Student Enquiries

Got a question? Ask us via the Service Connect Portal, or contact Service Connect.

IT Help

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 2024.02 of the Handbook