The course teaches the mathematical foundations of models in economics, business and finance and its applications. Mathematical topics covered include set theory, functions, series, limits, univariate and multivariate calculus, unconstrained and constrained optimisation, matrix algebra. Applications include effective interest rates, present value, annuities, production functions, average and marginal cost functions, profit maximisation.

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

1. demonstrate an understanding of mathematical techniques discussed;
2. be able to formulate economic problems in mathematical terms and apply the tools provided to analyse them correctly and precisely;
3. demonstrate an understanding of the common functional forms and rules used in derivatives and integrals of functions that frequently appear in economic models;
4. apply the basic principles of maximisation and minimisation to optimisation problems in economics and find the correct solutions to these problems;
5. apply matrix algebra to simple economic problems and linear models, demonstrating the ability to solve linear systems of equations in matrix form;
6. make use of basic principles of financial arithmetic in economic and financial problems to compute solutions.

Examination Material or equipment

You may need access to a calculator to complete exercises required for this course. You will be provided with a (non programmable) calculator (HP Scientific Calculator 300s+) for the mid-semester and final examinations.

Required Resources

Sydsæter, Hammond, Strøm, and Carvajal (2016). Essential Mathematics for Economic Analysis. 5th edition. Pearson. Note: 4th edition is also fine. Access to the electronic version is provided through the ANU library. Expect to do a very quick review of chapters 1-3, then cover 15-16, 4-11, and 13 time permitting.

Pearson's MyMathLab. Note: The costs are paid by the Research School of Economics. Access through the Wattle course site.

If any addition material is required, it will be announced on the Wattle course site.

Staff Feedback

Performance on the homework assignments will be available the week after the due date, through the MyMathLab platform.

Performance on the midsemester exam is expected to be available within two weeks after the exam, through Wattle.

Student Feedback

ANU is committed to the demonstration of educational excellence and regularly seeks feedback from students. Students are encouraged to offer feedback directly to their Course Convener or through their College and Course representatives (if applicable). The feedback given in these surveys is anonymous and provides the Colleges, University Education Committee and Academic Board with opportunities to recognise excellent teaching, and opportunities for improvement. The Surveys and Evaluation website provides more information on student surveys at ANU and reports on the feedback provided on ANU courses.

Class Schedule

Week/Session	Summary of Activities	Assessment
1	Week 1-6: Sydsæter et al. (2016) ch 1-3 (quick review), 15-16, 4-6	Weekly homework. Midsemester exam
2	Week 7-12: Sydsæter et al. (2016) ch 7-11, 13 (time permitting)	Weekly homework. Final exam.

Tutorial Registration

Please see Wattle for current information.

Assessment Summary

Assessment task	Value	Learning Outcomes
Homework (weekly)	20 %	1,2,3,4,5,6
Midsemester exam	20 %	1,2,3,4,5,6
Final exam	60 %	1,2,3,4,5,6

* If the Due Date and Return of Assessment date are blank, see the Assessment Tab for specific Assessment Task details

Policies

ANU has educational policies, procedures and guidelines, which are designed to ensure that staff and students are aware of the University’s academic standards, and implement them. Students are expected to have read the Academic Misconduct Rule before the commencement of their course. Other key policies and guidelines include:

• Student Assessment (Coursework) Policy and Procedure
• Special Assessment Consideration Policy and General Information
• Student Surveys and Evaluations
• Deferred Examinations
• Student Complaint Resolution Policy and Procedure

Assessment Requirements

The ANU is using Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. For additional information regarding Turnitin please visit the ANU Online website Students may choose not to submit assessment items through Turnitin. In this instance you will be required to submit, alongside the assessment item itself, hard copies of all references included in the assessment item.

Moderation of Assessment

Marks that are allocated during Semester are to be considered provisional until formalised by the College examiners meeting at the end of each Semester. If appropriate, some moderation of marks might be applied prior to final results being released.

Participation

This is an on-campus course. Attendance at all teaching events, while not compulsory, is expected in line with “Code of Practice for Teaching and Learning”, clause 2 paragraph (b). In addition, tutorials are a discussion-based class. Providing worked solutions would not effectively compensate for missing a tutorial. Students who, through unavoidable and unplanned occurrences, are unable to attend a tutorial class one week are encouraged to work through the problems and attend a consultation session for discussion and solutions.

Examination(s)

See assessment tasks 2 and 3.

Assessment Task 1

Homework (weekly)

Weekly tests conducted through Pearson's MyMathLab. Results will be available progressively after the deadline each week.

The due dates for the homework assignments will be given on Wattle. Typically the homework assignments will be due on Mondays and cover the material from the preceding week, but there may be some variation due to public holidays etc. The first homework assignment is due at 12 noon on Monday 2 March 2020.

The two assignments with the lowest marks will be ignored, and only the remaining assignments count towards the total course mark. No late submissions will be accepted. Any homework assignment not submitted by the deadline will receive a mark of zero.

Assessment Task 2

Midsemester exam

Standard written closed-book examination held during the exam period. Duration 2-3 hours to be determined. The questions will typically involve mathematical derivations and calculations. Information about the coverage and the type of questions will be provided on Wattle in the week before the exam.

Please note - you will be provided with a calculator (HP Scientific Calculator 300s+) for this exam. Only calculators provided by the Examinations Office on the day of the exam are permitted in the exam room.

The mid-semester exam will be held during the normal exam period and scheduled by ANU timetabling.

The mid-semester exam is compulsory. Students who miss the mid-semester exam and have legitimate reasons need to apply for a deferred exam via ISIS. Students who miss the mid-semester exam and do not meet the necessary requirements for a deferred exam will receive a mark of zero.

Assessment Task 3

Final exam

Standard written closed-book examination held during the exam period. Duration 2-3 hours to be determined. The questions will involve mathematical derivations and calculations. Information about the coverage and the type of questions will be provided on Wattle at the end of the semester.

Please note - you will be provided with a calculator (HP Scientific Calculator 300s+) for this exam. Only calculators provided by the Examinations Office on the day of the exam are permitted in the exam room.

The final exam will be held during the normal exam period and scheduled by ANU timetabling.

Academic Integrity

Academic integrity is a core part of our culture as a community of scholars. At its heart, academic integrity is about behaving ethically. This means that all members of the community commit to honest and responsible scholarly practice and to upholding these values with respect and fairness. The Australian National University commits to embedding the values of academic integrity in our teaching and learning. We ensure that all members of our community understand how to engage in academic work in ways that are consistent with, and actively support academic integrity. The ANU expects staff and students to uphold high standards of academic integrity and act ethically and honestly, to ensure the quality and value of the qualification that you will graduate with. The University has policies and procedures in place to promote academic integrity and manage academic misconduct. Visit the following Academic honesty & plagiarism website for more information about academic integrity and what the ANU considers academic misconduct. The ANU offers a number of services to assist students with their assignments, examinations, and other learning activities. The Academic Skills and Learning Centre offers a number of workshops and seminars that you may find useful for your studies.

Online Submission

The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.

Online Homework assignments are submitted through Pearson's MyMathLab (see above).

Hardcopy Submission

For some forms of assessment (hand written assignments, art works, laboratory notes, etc.) hard copy submission is appropriate when approved by the Associate Dean (Education). Hard copy submissions must utilise the Assignment Cover Sheet. Please keep a copy of tasks completed for your records.

Late Submission

No submission of assessment tasks without an extension after the due date will be permitted. If an assessment task is not submitted by the due date, a mark of 0 will be awarded.

Referencing Requirements

Accepted academic practice for referencing sources that you use in presentations can be found via the links on the Wattle site, under the file named “ANU and College Policies, Program Information, Student Support Services and Assessment”. Alternatively, you can seek help through the Students Learning Development website.

Returning Assignments

Within two weeks of due date.

Extensions and Penalties

Extensions and late submission of assessment pieces are covered by the Student Assessment (Coursework) Policy and Procedure The Course Convener may grant extensions for assessment pieces that are not examinations or take-home examinations. If you need an extension, you must request an extension in writing on or before the due date. If you have documented and appropriate medical evidence that demonstrates you were not able to request an extension on or before the due date, you may be able to request it after the due date.

Resubmission of Assignments

N/A.

Privacy Notice

The ANU has made a number of third party, online, databases available for students to use. Use of each online database is conditional on student end users first agreeing to the database licensor’s terms of service and/or privacy policy. Students should read these carefully. In some cases student end users will be required to register an account with the database licensor and submit personal information, including their: first name; last name; ANU email address; and other information. In cases where student end users are asked to submit ‘content’ to a database, such as an assignment or short answers, the database licensor may only use the student’s ‘content’ in accordance with the terms of service — including any (copyright) licence the student grants to the database licensor. Any personal information or content a student submits may be stored by the licensor, potentially offshore, and will be used to process the database service in accordance with the licensors terms of service and/or privacy policy. If any student chooses not to agree to the database licensor’s terms of service or privacy policy, the student will not be able to access and use the database. In these circumstances students should contact their lecturer to enquire about alternative arrangements that are available.

Distribution of grades policy

Academic Quality Assurance Committee monitors the performance of students, including attrition, further study and employment rates and grade distribution, and College reports on quality assurance processes for assessment activities, including alignment with national and international disciplinary and interdisciplinary standards, as well as qualification type learning outcomes. Since first semester 1994, ANU uses a grading scale for all courses. This grading scale is used by all academic areas of the University.

Support for students

The University offers students support through several different services. You may contact the services listed below directly or seek advice from your Course Convener, Student Administrators, or your College and Course representatives (if applicable).

• ANU Health, safety & wellbeing for medical services, counselling, mental health and spiritual support
• ANU Diversity and inclusion for students with a disability or ongoing or chronic illness
• ANU Dean of Students for confidential, impartial advice and help to resolve problems between students and the academic or administrative areas of the University
• ANU Academic Skills and Learning Centre supports you make your own decisions about how you learn and manage your workload.
• ANU Counselling Centre promotes, supports and enhances mental health and wellbeing within the University student community.
• ANUSA supports and represents undergraduate and ANU College students
• PARSA supports and represents postgraduate and research students