Unit Outline

This unit is intended to provide a background capacity in mathematics of finance and statistical description and analysis, appropriate for a business student. The focus of the unit is on the practical use of data in business and economic decision environments, especially in an environment of risk and uncertainty. The unit is an introduction to the exciting world of applying mathematics and statistics to business problems. By studying a variety of examples based on real world problems, the unit highlights the application of quantitative methodologies to assist managers, and decision makers, in dimensioning and communicating risks and opportunities.

Intended Learning Outcomes

As per the Assessment and Results Policy 1.3, your results will reflect your achievement against specified learning outcomes.

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


1.	Explain the basic concepts of the time valuation of money, and be able to apply these concepts to common situations in business/personal finance.
2.	Demonstrate sound practices in sampling, data description and presentation in a business environment.
3.	Apply basic probability concepts, distributions and statistical inference as an aid to business decision making.. Interpret and communicate output from quantitative models
4.	Interpret and communicate output from quantitative models

Requisites


REQUISITE TYPE	REQUISITES
Anti-requisite (mutual excl)	BEA140

Alterations as a result of student feedback

How will I be Assessed?

For more detailed assessment information please see MyLO.

Assessment schedule


ASSESSMENT TASK #	ASSESSMENT TASK NAME	DATE DUE	WEIGHT	LINKS TO INTENDED LEARNING OUTCOMES
Assessment Task 1:	Maths of Finance Quiz	See the MyLO site for the due date	5 %	LO1
Assessment Task 2:	Probability Quiz	See the MyLO site for the due date	5 %	LO3
Assessment Task 3:	Data and Summary Statistics Quiz	See the MyLO site for the due date	5 %	LO2
Assessment Task 4:	Probability Assignment	See the MyLO site for the due date	10 %
Assessment Task 5:	Data and Summary Statistics Assigment	See the MyLO site for the due date	10 %
Assessment Task 6:	Maths of Finance Assignment	See the MyLO site for the due date	10 %
Assessment Task 7:	Examination	See the MyLO site for the due date	55 %	LO1, LO2, LO3, LO4

Assessment details

Assessment Task 1: Maths of Finance Quiz

Task Description:

Assessment 1

Task Length:

Due Date:

See the MyLO site for the due date

Weight:

5 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	All questions require you to recognise the type of problem, and select, populate and evaluate the appropriate formula.	LO1

Assessment Task 2: Probability Quiz

Task Description:

Assessment 5

Task Length:

Due Date:

See the MyLO site for the due date

Weight:

5 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	All questions require you to recognise the type of problem, and select, populate and evaluate the appropriate formula.	LO3

Assessment Task 3: Data and Summary Statistics Quiz

Task Description:

Assessment 3

Task Length:

Due Date:

See the MyLO site for the due date

Weight:

5 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	All questions require you to recognise the type of problem, and select, populate and evaluate the appropriate formula.	LO2

Assessment Task 4: Probability Assignment

Task Description:

Assessment 6

Task Length:

Due Date:

See the MyLO site for the due date

Weight:

10 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)

Assessment Task 5: Data and Summary Statistics Assigment

Task Description:

Assessment 4

Task Length:

Due Date:

See the MyLO site for the due date

Weight:

10 %

How your final result is determined

To pass this unit, you need to demonstrate your attainment of each of the Intended Learning Outcomes, achieve a final unit grade of 50% or greater, and pass any hurdle tasks.

Submission of assignments

Where practicable, assignments should be submitted to an assignment submission folder in MYLO. You must submit assignments by the due date or receive a penalty (unless an extension of time has been approved by the Unit Coordinator). Students submitting any assignment in hard copy, or because of a practicum finalisation, must attach a student cover sheet and signed declaration for the submission to be accepted for marking.

Academic integrity

Academic integrity is about acting responsibly, honestly, ethically, and collegially when using, producing, and communicating information with other students and staff members.

In written work, you must correctly reference the work of others to maintain academic integrity. To find out the referencing style for this unit, see the assessment information in the MyLO site, or contact your teaching staff. For more detail about Academic Integrity, see Important Guidelines & Support.

Requests for extensions

If you are unable to submit an assessment task by the due date, you should apply for an extension.

A request for an extension should first be discussed with your Unit Coordinator or teaching support team where possible. A request for an extension must be submitted by the assessment due date, except where you can provide evidence it was not possible to do so. Typically, an application for an extension will be supported by documentary evidence: however, where it is not possible for you to provide evidence please contact your Unit Coordinator.

The Unit Coordinator must notify you of the outcome of an extension request within 3 working days of receiving the request.

Late penalties

Assignments submitted after the deadline will receive a late penalty of 5% of the original available mark for each calendar day (or part day) that the assignment is late. Late submissions will not be accepted more than 10 calendar days after the due date, or after assignments have been returned to other students on a scheduled date, whichever occurs first. Further information on Late Penalties can be found on the Assessments and Results Procedure.

Review of results and appeals

You are entitled to ask for a review of the marking and grading of your assessment task if there is an irregularity in the marking standards or an error in the process for determining the outcome of an assessment. Details on how to request a review of a mark for an assignment are outlined in the Review and Appeal of Academic Decisions Procedure.