School of Economics and Finance Faculty of Business. BEA109 Introduction to Quantitative Methods. Semester 1, Unit Outline.

Transcription

1 School of Economics and Finance Faculty of Business BEA109 Introduction to Quantitative Methods Semester 1, 2012 Unit Outline Norton Grey The University of Tasmania 2010 CRICOS Provider Code: 00586B Unit Outline: Version February 2012

2 Contact details Unit coordinator Unit coordinator Campus: Norton Grey School of Economics and Finance Sandy Bay Campus Phone: Consultation hours: TBA Unit lecturer: Campus: Noleine Fitzallen University Preparation Program Sandy Bay Campus Phone: Room number Social Sciences, Room 208 Consultation TBA hours: Distance tutor Tutor Campus: Postal Address: Anthony Bill Hobart University of Tasmania Private Bag 97 Hobart TAS 7001 Unit Outline: Version February 2012

3 Contents Unit description 2 Intended learning outcomes 2 Generic graduate attributes 2 Alterations to the unit as a result of student feedback 2 Prior knowledge &/or skills 3 Learning expectations and teaching strategies/approaches 3 Learning resources required 4 Details of teaching arrangements 6 Assessment 7 How your final result is determined 10 Submission of assignments 11 Requests for extensions 11 Penalties 11 Review of results and appeals 11 Academic referencing 12 Academic misconduct 12 Further information and assistance 13 Unit schedule 14 1

4 Unit description This unit covers the essential foundation skills and knowledge in mathematics and statistics as a preparation for University degree subjects with numeracy components (e.g. Business, Economics, Finance, Psychology, Geography, Education and Nursing). It provides the opportunity to review fundamental mathermatical operations and apply them to solve mathermatical problems in different contexts. Topics include applications of arithmetric, percentages, ratios, algebra, indicies, financial maths, graphical methods, and basic statistics. Intended learning outcomes On completion of this unit, you should be able to: 1. Communicate mathematical ideas and information 2. Use numerical calculations to solve real-world problems. 3. Use mathematical formulas to solve real-world problems. Generic graduate attributes While you are studying in your discipline you are also expected to develop general academic qualities, which the University has defined in the Generic Graduate Attributes. The full range of attributes (see will be developed over your lifetime as a student. In this unit you will make progress towards the following attributes: Knowledge: by applying specific mathematical techniques to various problems and developing a framework for understanding quantitative relationships. Communication skills: by interpreting and explaining basic numerical and algebraic concepts and relationships, and articulate (using algebraic, graphical and written explanations) processes used in solving mathematical problems. Problem-solving skills: by solving various basic algebraic, numerical and statistical problems, and also developing general problem solving strategies, including analysing simple problems, describing such problems mathematically, identifying strategies for arriving at a mathematical solution, following that solution through and interpreting the solution in the context of the original problem. Social responsibility: by using mathematical techniques to determine the way in which mathematical information can be used to make informed choices about personal financial matters. Alterations to the unit as a result of student feedback The University is committed to the improvement of all units and courses and welcomes the perspectives of students, including insights gained through the University s Student Evaluation of Teaching and Learning (SETL). The following changes have been made recently to this unit to improve student learning: The three-hour lecture format was reduced to 2-hour lectures; and A 1-hour tutorial was added to the delivery of the unit. 2

5 Prior knowledge &/or skills You need proficiency in English reading and writing skills. Proficiency means an ability to read and comprehend a piece of academic writing as found in a journal article or text, and the ability to write a paragraph of connecting sentences. Learning expectations and teaching strategies/approaches Expectations The University is committed to high standards of professional conduct in all activities, and holds its commitment and responsibilities to its students as being of paramount importance. Likewise, it holds expectations about the responsibilities students have as they pursue their studies within the special environment the University offers. The University s Code of Conduct for Teaching and Learning states: Students are expected to participate actively and positively in the teaching/learning environment. They must attend classes when and as required, strive to maintain steady progress within the subject or unit framework, comply with workload expectations, and submit required work on time. Specific attendance/performance requirements For you to be successful in this unit, you must: Actively participate in classes/online activities Full attendance/participation is expected. If you are unable to attend/participate it is your responsibility to notify the appropriate lecturer/tutor. Complete and submit all the assessment requirements specified within the unit outline If you are having, or are likely to have difficulties completing assessments, you must contact the appropriate lecture as soon as possible. Early contact gives you the best possible chance of a positive outcome. Perform to a satisfactory level in the assessment Full details of the assessment requirements for this unit are in the Assessment section of this unit outline. The assessments are a method of checking whether you have learnt enough to meet the Intended Learning Outcomes (ILO). You will have a much more fulfilling experience if you focus on the ILOs while studying this unit, rather than just concentrating on the assessments. Teaching and learning strategies For attending mode students: regular attendance and active participation in class is essential for your success. Working with other students is an excellent way of developing your own skills and confidence and you will be expected to work in pairs and small groups during workshops and tutorials. For distance mode students: Log into the Distance Study section of MyLO regularly throughout each week, read and take notes as suggested and complete any tasks you are given. Here are some suggestions that may help you get the most out of this unit: Study this unit as consistently as possible. The skills covered in this unit will develop over time. Unless you practise using the information you have studied, your skills are unlikely to improve. 3

6 It is important to be aware of assignment deadlines in other units and the commitments you have in your life outside of study, while still focussing on the requirements of this unit. Plan how best to use your independent study time each week and prepare thoroughly for scheduled contact hours to maximise your learning and minimise stress. Get help sooner rather than later so you don t get too far behind. Contact your tutor for help and assistance. In addition to tutorials, you are encouraged to interact with your lecturers, tutors and other students via: o Supported Studies and Maths HELP sessions o staff consultation times o MyLO o Learning resources required Requisite texts Nil Recommended reading Unilearn Introductory Mathematics 1, 2, 3, and 5. Unilearn Senior Mathematics 4. Turner, G. (2003). Targeting maths dictionary. Sydney: Blake Publishing. [Provides short succinct foundation level definitions of mathematical terms] E- (electronic) resources Library UPP090 Bridging Maths Reading List can be accessed from the Library catalogue on the home page of UTAS Library. UTAS Library opening hours can be accessed on the home page of UTAS Library Other [Interactive website, which contains audio-visual lessons where a teacher works through examples. It also provides worksheets of practice exercises. Subscription required.] [An online resource for definitions of mathematical terms with some interactive demonstrations provided Primary level language] 4

7 [An online resource for definitions of mathematical terms with some interactive demonstrations provided Secondary level language] Equipment & materials Calculator It is essential to have a calculator with at least the ability to take square roots, raise to powers and with a memory. It is an advantage to have a calculator with basic inbuilt statistical functions. Calculators with programmable memory cannot be used in university exams so buying one of these is not recommended. If you don t already have a suitable calculator, the CASIO fx-82au (pictured) is an excellent choice and is available from the University s Co-op bookshop for around $30. You will be notified if you are required to purchase any additional equipment or materials. Computer hardware & software All students require access to a reliable computer which is connected to the internet. A broadband internet connection is preferable. WiFi access for laptops, tablets and smartphones is readily available on all UTAS campuses. The libraries have bookable and open access computers. Tasmanian Online Access Centres also provide community-based computer access for students who are unable to study on-campus. Unit-specific software There are no specific software requirements for this unit. It is, however, recommended that computers should have word-processing software, such as Microsoft Word, presentation software, such as Microsoft PowerPoint, a PDF reader, such as Adobe Acrobat, and /web browsing software such as Internet Explorer or Mozilla Firefox. Students may also wish to consider installing: Time management tools, such as Outlook or other electronic/online organiser software. As a student at UTAS, you have the opportunity to purchase the Microsoft Office Suite at a heavily discounted price. Details are available at: 5

8 For MyLO MyLO is the UTAS online learning web site. It is where resources for your unit are kept and where you can interact with other students, watch or listen to material and find out about assessments and other important information. Logging in to MyLO regularly is essential for successful study. You can log into MyLO from the UTAS Home Page or by going to: To access MyLO from your own computer you will need the appropriate software, and hardware to run that software. Please see UConnect at for information about computer software you will need. Note: Older computers may not have the hardware to run some of the required software applications. Contact your local IT support person or the Service Desk on 1818 if you experience difficulties. See MyLO: Information for Students for further information about accessing MyLO. Details of teaching arrangements Lectures/Workshops Campus Time Room Attending mode Sandy Bay campus Monday 1-3pm Physics 314 Lecture Th 2 Distance mode Lectures will be posted on MyLO on the Tuesday morning of each week. Tutorials Campus Time Room Attending mode Sandy Bay campus Various TBA Distance mode Self-guided tutorials will be posted weekly on MyLO. 6

9 BEA109 HELP sessions (Maths): Drop-in help sessions available to all students. Distance students are particularly encouraged to attend: Campus Time Room Cradle Coast campus: Thursday 2-4 pm Room B125 Launceston Friday 9 11 am Library elab 2 Sandy Bay campus: Thursday 9 11 am Library elab 2 Occupational health and safety (OH&S) The University is committed to providing a safe and secure teaching and learning environment. In addition to specific requirements of this unit you should refer to the University s policy at: Assessment There are three written assignments and a final examination for this unit. The assignments include both mathematical calculations and short answer written responses to questions. Assessment schedule Assessment task Date due Percent weighting Assignment 1: Proportional Reasoning, Indices, and Algebra Assignment 2: Graphing and Function Assignment 3: Probability, Statistics, and Financial Mathematics Final Examination: Includes questions from all topics covered. Links to Intended Learning Outcomes March 26 10% 1, 2, & 3 May 7 20% 1, 2, & 3 June 4 20% 1, 2, & 3 See Exam Timetable 50% 1, 2, & 3 7

10 Assessment details Assignment 1: Proportional Reasoning, Indices, and Algebra Weight 10% Task description This assignment covers topics from Weeks 2, 3, and 4 Links to unit s learning outcomes Learning Outcomes 1. Communicate mathematical ideas and information 2. Use numerical calculations to solve real-world problems. 3. Use mathematical formulas to solve real-world problems. Generic Graduate Attributes Knowledge: Developing a numerate framework, learning specific mathematical techniques, and using critical reasoning skills Communication: Interpreting and explaining basic numerical and algebraic concepts and relationships, and articulating mathematical explanations used in solving mathematical problems. Problem-solving: Developing problem solving strategies including the ability to analyse simple problems, describe such problems mathematically, identify strategies for arriving at a mathematical solution, and to follow that solution through and interpret the solution in the context of the original problem. Assessment criteria Date due Workings out should be hand written. Short answer response may be word processed or hand written. Answers to questions should show detailed workings demonstrating how each solution is determined. Answers should be accompanied by appropriate, clearly labelled diagrams where necessary. Monday Week 5, March 26, 10am 8

11 Assignment 2: Graphing and Functions Weight 20% Task description This assignment covers topics from Weeks 5, 6, 7, 8, & 9 Links to unit s learning outcomes Learning Outcomes 1. Communicate mathematical ideas and information 2. Use numerical calculations to solve real-world problems. 3. Use mathematical formulas to solve real-world problems. Generic Graduate Attributes Knowledge: Developing a numerate framework, learning specific mathematical techniques, and using critical reasoning skills Communication: Interpreting and explaining basic numerical and algebraic concepts and relationships, and articulating mathematical explanations used in solving mathematical problems. Problem-solving: Developing problem solving strategies including the ability to analyse simple problems, describe such problems mathematically, identify strategies for arriving at a mathematical solution, and to follow that solution through and interpret the solution in the context of the original problem. Assessment criteria Date due Workings out should be hand written. Short answer response may be word processed or hand written. Answers to questions should show detailed workings demonstrating how each solution is determined. Answers should be accompanied by appropriate, clearly labelled diagrams where necessary. Monday Week 10, May 7, 10 am 9

12 Assignment 3: Statistics, Probability, and Financial Mathematics Weight 20% Task description This assignment covers topics from Weeks 10, 11, 12 & 13 Links to unit s learning outcomes Learning Outcomes 1. Communicate mathematical ideas and information 2. Use numerical calculations to solve real-world problems. 3. Use mathematical formulas to solve real-world problems. Generic Graduate Attributes Knowledge: Developing a numerate framework, learning specific mathematical techniques, and using critical reasoning skills Communication: Interpreting and explaining basic numerical and algebraic concepts and relationships, and articulating mathematical explanations used in solving mathematical problems. Problem-solving: Developing problem solving strategies including the ability to analyse simple problems, describe such problems mathematically, identify strategies for arriving at a mathematical solution, and to follow that solution through and interpret the solution in the context of the original problem. Social Responsibility: Making informed choices about financial matters. Assessment criteria Date due Workings out should be hand written. Short answer response may be word processed or hand written. Answers to questions should show detailed workings demonstrating how each solution is determined. Answers should be accompanied by appropriate, clearly labelled diagrams where necessary. Monday Week 14, June 4, 5 pm How your final result is determined There are three written assignments for this unit. To pass the unit you need to gain a) Half marks or more for Assignment 1; and b) An overall score of 50% for all assignments and the Final Examination. 10

13 Submission of assignments Assignments must be submitted with a signed and dated Assignment Cover Sheet. The Assignment Cover Sheet can be downloaded from MyLO. Campus Location Attending mode Sandy Bay campus Distance mode Mail or upload file in MyLO 1. Submit with completed Assignment Sheet Cover in the UPP Assignment drop box Social Sciences Building Room Mail with completed Assignment Sheet Cover to: UPP090 Assignment University Preparation Program University of Tasmania Private Bag 97 HOBART TAS 7001 Assignments must be posted marked on or before the due date 2. Submit online with completed Assignment Sheet Cover via MyLO: Upload scanned file in the Assignments folder. Requests for extensions Extensions can be granted for unexpected emergency reasons such as sickness (you or a dependent) or bereavement (e.g. a death in the family or close friend). Requests for extensions should be made in writing or by before the due date. An extension is not automatic and is not granted until you are advised so by your lecturer/tutor. Requests should be accompanied by appropriate documentation where possible (e.g. a medical certificate). If you are unsure whether an extension is possible in your circumstances, please contact the unit co-ordinator. Please note that extensions are not possible if you simply need more time to complete assignments. Penalties Late submission of work is penalised at a rate of 2% per day or part thereof for up to 2 weeks, unless an extension has been granted by your local tutor or lecturer. Work received after 2 weeks will not be marked. Review of results and appeals Appeals against grades for assignments are the right of all students. First appeal should be made to the original marker within one week of the assignment being returned. The second line of appeal 11

14 is through the Unit Coordinator. If you wish to take the matter further you should discuss your options with the Course Coordinator. Students wishing to appeal against a final grade must do so within ten days of the result notification. Academic referencing In your written work you will need to support your ideas by referring to scholarly literature, works of art and/or inventions. It is important that you understand how to correctly refer to the work of others and maintain academic integrity. Failure to appropriately acknowledge the ideas of others constitutes academic dishonesty (plagiarism), a matter considered by the University of Tasmania as a serious offence. The appropriate referencing style for this unit is the style of the Harvard system. See: Please read the following statement on plagiarism. Should you require clarification please see your unit coordinator or lecturer. Plagiarism Plagiarism is a form of cheating. It is taking and using someone else's thoughts, writings or inventions and representing them as your own; for example, using an author's words without putting them in quotation marks and citing the source, using an author's ideas without proper acknowledgment and citation, copying another student's work. If you have any doubts about how to refer to the work of others in your assignments, please consult your lecturer or tutor for relevant referencing guidelines, and the academic integrity resources on the web at: The intentional copying of someone else s work as one s own is a serious offence punishable by penalties that may range from a fine or deduction/cancellation of marks and, in the most serious of cases, to exclusion from a unit, a course or the University. The University and any persons authorised by the University may submit your assessable works to a plagiarism checking service, to obtain a report on possible instances of plagiarism. Assessable works may also be included in a reference database. It is a condition of this arrangement that the original author s permission is required before a work within the database can be viewed. For further information on this statement and general referencing guidelines, see or follow the link under Policy, Procedures and Feedback on the Current Students homepage. Academic misconduct Academic misconduct includes cheating, plagiarism, allowing another student to copy work for an assignment or an examination and any other conduct by which a student: (a) seeks to gain, for themselves or for any other person, any academic advantage or advancement to which they or that other person are not entitled; or (b) improperly disadvantages any other student. Students engaging in any form of academic misconduct may be dealt with under the Ordinance of Student Discipline, and this can include imposition of penalties that range from a deduction/cancellation of marks to exclusion from a unit or the University. Details of penalties that can be imposed are available in Ordinance 9: Student Discipline Part 3 Academic Misconduct, see 12

15 Further information and assistance If you are experiencing difficulties with your studies or assignments, have personal or life-planning issues, disability or illness which may affect your course of study, you are advised to raise these with your lecturer, in the first instance. There is a range of University-wide support services available to you including Teaching & Learning, Student Services, International Services. Please refer to the Current Students homepage at: Should you require assistance in accessing the Library visit their website for more information at 13

16 Unit schedule Week Date beginning 1 Feb 27 2 March 5 3 March 12 Public Holiday Lecture on MyLO Topics Unit Introduction Working Flexibly with Numbers Proportional Reasoning Indices 4 March 19 Introduction to Algebra 5 March 26 Linear Algebra 6 April 2 Functions 1 Readings / Resources Introductory Mathematics 1, pp. 1-1 to 1-99 and to 121 Percentages - Introductory Mathematics 1, pp to Ratios - Introductory Mathematics 1, pp to Introductory Mathematics 2, pp to 2-94 Introductory Mathematics 2, pp. 2-6 to 2-45 Introductory Mathematics 2, pp to Introductory Mathematics 3, pp to Mid-semester break (Thursday April 5 Wednesday April 11) 7 April 16 Functions 2 8 April 23 Graphing 9 April 30 Relationships in Graphs 10 May 7 Statistics 11 May 14 Probability 12 May 21 Statistics and Probability Introductory Mathematics 2, pp to UPP090 Reading List Introductory Mathematics 5, pp to Senior Mathematics 4, pp to Senior Mathematics 4, pp to May 28 Finance UPP090 Reading List 14 June 4 Further information Assignment 1 Due: Monday March 26, 10am Anzac Day Public Holiday Complete Selfguided tutorials on MyLO Assignment 2 Due: Monday May 7, 10am Assignment 3 Due: Monday June 4, 5pm 14