Unit convenor and teaching staff |
Unit convenor and teaching staff
Convener
Christopher Gordon
Contact via chris.gordon@mq.edu.au
Room 614, 12 Wally's Walk (E7A 614)
See iLearn
Lecturer
Gerry Myerson
Contact via email
E7A-12 Wally's Walk 739
See iLearn
Gerry Myerson
Christopher Gordon
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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 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. |
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, tutorials in all first year mathematics units is compulsory. Participation will be assessed by tutors 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 tutorial classes are requirements to pass the unit.
IMPORTANT: If you apply for Disruption to Study for your final examination, you must make yourself available for the supplementary exam period. If you are not available in this period, there is no guarantee an additional examination time will be offered. Specific examination dates and times will be determined at a later date.
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 disruption to study.
Name | Weighting | Hurdle | Due |
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Group work video | 10% | No | Week 12 |
Assignments | 30% | No | Weeks 6,9, 12 |
Final examination | 40% | No | University Examination Period |
Tutorial Homework | 20% | No | Weekly |
Due: Week 12
Weighting: 10%
Group assignment where a vodcast is created.
Due: Weeks 6,9, 12
Weighting: 30%
Three assignments, each having a weight of 10%.
Due: University Examination Period
Weighting: 40%
Final examination
Due: Weekly
Weighting: 20%
Tutorial homework based on the previous tutorial class
Lectures: you should attend four hours of each lectures each week.
Tutorials: you should attend one tutorial each week.
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 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.
Students are expected to have access to an internet enabled computer with a web browser and Adobe Reader software. Several areas of the university provide wireless access for portable computers. There are computers for student use in the Library.
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 | CALCULUS | ALGEBRA | TASK DUE |
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1 | 26/2/2018 | Graphs | Order of operations, decimals, Fractions, real numbers | |
2 | 5/3/2018 | The XY plane | Expansions and Factorisation | |
3 | 12/3/2018 | The derivative: introduction, definition and meaning | Powers, Linear equations | |
4 | 19/3/2018 | The derivative: rules | Linear and Quadratic equations | |
5 | 26/3/2018 | The derivative: uses in economics | Linear and Quadratic equations | |
6 | 3/4/2018 | Optimization | Exponential and logarithmic functions | A1 |
7 | 9/4/2018 | Functions of several variables | Exponential and logarithmic functions | |
8 | 30/4/2018 | Lagrange Multipliers | Inequalities, absolute value | |
9 | 7/5/2018 | Derivatives of Exponentials and logarithms; Newton's Method | Progressions: arithmetic and geometric | A2 |
10 | 14/5/2018 | Integration: introduction, meaning, definition, computation, FTC | Applications of GPs to finance | |
11 | 21/5/2018 | Integration: numerical, rules, substitution | Matrices | Vodcast |
12 | 28/5/2018 | Integration: uses in Economics | Matrices and Linear Equations | A3 |
13 | 4/6/2018 | Revision Revision |
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 shown in iLearn, 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.
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
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.
Our graduates will also be capable of creative thinking and of creating knowledge. They will be imaginative and open to experience and capable of innovation at work and in the community. We want them to be engaged in applying their critical, creative thinking.
This graduate capability is supported by:
We want our graduates to have emotional intelligence and sound interpersonal skills and to demonstrate discernment and common sense in their professional and personal judgement. They will exercise initiative as needed. They will be capable of risk assessment, and be able to handle ambiguity and complexity, enabling them to be adaptable in diverse and changing environments.
This graduate capability is supported by:
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This graduate capability is supported by:
Our graduates will take with them the intellectual development, depth and breadth of knowledge, scholarly understanding, and specific subject content in their chosen fields to make them competent and confident in their subject or profession. They will be able to demonstrate, where relevant, professional technical competence and meet professional standards. They will be able to articulate the structure of knowledge of their discipline, be able to adapt discipline-specific knowledge to novel situations, and be able to contribute from their discipline to inter-disciplinary solutions to problems.
This graduate capability is supported by:
We want our graduates to be capable of reasoning, questioning and analysing, and to integrate and synthesise learning and knowledge from a range of sources and environments; to be able to critique constraints, assumptions and limitations; to be able to think independently and systemically in relation to scholarly activity, in the workplace, and in the world. We want them to have a level of scientific and information technology literacy.
This graduate capability is supported by:
Our graduates should be capable of researching; of analysing, and interpreting and assessing data and information in various forms; of drawing connections across fields of knowledge; and they should be able to relate their knowledge to complex situations at work or in the world, in order to diagnose and solve problems. We want them to have the confidence to take the initiative in doing so, within an awareness of their own limitations.
This graduate capability is supported by:
We want to develop in our students the ability to communicate and convey their views in forms effective with different audiences. We want our graduates to take with them the capability to read, listen, question, gather and evaluate information resources in a variety of formats, assess, write clearly, speak effectively, and to use visual communication and communication technologies as appropriate.
This graduate capability is supported by:
As local citizens our graduates will be aware of indigenous perspectives and of the nation's historical context. They will be engaged with the challenges of contemporary society and with knowledge and ideas. We want our graduates to have respect for diversity, to be open-minded, sensitive to others and inclusive, and to be open to other cultures and perspectives: they should have a level of cultural literacy. Our graduates should be aware of disadvantage and social justice, and be willing to participate to help create a wiser and better society.
This graduate capability is supported by:
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This graduate capability is supported by:
Date | Description |
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23/02/2018 | Typo fixed in Delivery and Resources Extra information about accessing the textbook in Delivery and Resources. Assessment schedule for assignments and vodcast. |