• Class Number 4411
  • Term Code 3330
  • Class Info
  • Unit Value 6 units
  • Mode of Delivery In Person
    • Dr Tue Gorgens
    • Dr Tue Gorgens
  • Class Dates
  • Class Start Date 20/02/2023
  • Class End Date 26/05/2023
  • Census Date 31/03/2023
  • Last Date to Enrol 27/02/2023
SELT Survey Results

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 the exercises required for this course.

Required Resources

Sydsæter, Hammond, Strøm, and Carvajal (2021). Essential Mathematics for Economic Analysis. 6th edition. Pearson. Access to the electronic version is provided through the ANU library. (Referred to as "SHSC".) We expect to cover chapters 1-14 and maybe bits of 15-16.

Pearson's MyLab. 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.

Whether you are on campus or studying remotely, there are a variety of online platforms you will use to participate in your study program. These could include videos for lectures and other instruction, two-way video conferencing for interactive learning, email and other messaging tools for communication, interactive web apps for formative and collaborative activities, print and/or photo/scan for handwritten work and drawings, and home-based assessment.

ANU outlines recommended student system requirements to ensure you are able to participate fully in your learning. Other information is also available about the various Learning Platforms you may use.

Staff Feedback

Performance on the homework assignments will be available the week after the due date, through the MyLab 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). Feedback can also be provided to Course Conveners and teachers via the Student Experience of Learning & Teaching (SELT) feedback program. SELT surveys are confidential and also provide the Colleges and ANU Executive with opportunities to recognise excellent teaching, and opportunities for improvement.

Class Schedule

Week/Session Summary of Activities Assessment
1 Quick review of logic, set theory, algebra, and equations MyLab quiz.
2 Functions of one variable MyLab quiz.
3 Properties of functions MyLab quiz.
4 Differentiation MyLab quiz.
5 Derivatives in use MyLab quiz.
6 Concave and convex functions MyLab quiz.
7 Single-variable optimisation MyLab quiz. Midsemester exam.
8 Integration MyLab quiz.
9 Topics in finance and dynamics MyLab quiz.
10 Matrix and vector algebra MyLab quiz.
11 Determinants and inverse matrices MyLab quiz.
12 Functions of many variables MyLab quiz. Final exam.

Tutorial Registration

The tutorials begin in week 2.

Weekly tutorials will be delivered both on-campus and online via Zoom. You must enrol in a particular tutorial session and you are expected to attend that particular tutorial each

week from week 2 onwards. You enrol using MyTimetable, see the ANU timetable webpage https://www.anu.edu.au/students/program-administration/timetabling.

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


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 Integrity Rule before the commencement of their course. Other key policies and guidelines include:

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 Academic Skills website. In rare cases where online submission using Turnitin software is not technically possible; or where not using Turnitin software has been justified by the Course Convener and approved by the Associate Dean (Education) on the basis of the teaching model being employed; students shall submit assessment online via ‘Wattle’ outside of Turnitin, or failing that in hard copy, or through a combination of submission methods as approved by the Associate Dean (Education). The submission method is detailed below.

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.


The lectures will be delivered in person on campus, with Echo recordings available later. You can choose either an on-campus or an online Zoom-based tutorial session. Both on-campus and online consultation times will be available each week of the semester, please see the Wattle for details.


See assessment tasks 2 and 3.

Assessment Task 1

Value: 20 %
Learning Outcomes: 1,2,3,4,5,6

Homework (weekly)

Weekly quizzes conducted through Pearson's MyLab. Results will be available progressively after the deadline each week. Students who do not wish to use MyLab (which is provided externally) should contact the lecturer as soon as possible to arrange alternative assessment. The quizzes will open on Tuesday each week and will be due at noon on Tuesday the following week, unless otherwise indicated on Wattle. The quizzes are not timed, and you can submit any time between the opening and closing times. Each quiz cover the material from the week before the due date.

The quizzes are compulsory. The two quizzes with the lowest marks will be ignored, and only the remaining quizzes count towards the total course mark. No late submissions will be accepted, unless with prior permission. Any quiz not submitted by the deadline will receive a mark of zero.

Assessment Task 2

Value: 20 %
Learning Outcomes: 1,2,3,4,5,6

Midsemester exam

Written examination held during the ANU midsemester exam period. Duration 90-120 minutes, to be determined. The exam will cover all material discussed in the weeks prior to the exam week. Typically the questions will involve mathematical derivations and calculations similar to the end-of-chapter exercises in the textbook. Further details will provided no later than week 4. The exam may be held online and may be invigilated by EGAP.

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

Value: 60 %
Learning Outcomes: 1,2,3,4,5,6

Final exam

Written examination held during the ANU final exam period. Duration 2-3 hours, to be determined. The exam will cover material from the entire semester, with emphasis on material discussed after the midsemester exam. Typically the questions will involve mathematical derivations and calculations similar to the end-of-chapter exercises in the textbook. Further details will provided no later than week 10. The exam may be held online and may be invigilated by EGAP.

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

Academic Integrity

Academic integrity is a core part of the ANU culture as a community of scholars. The University’s students are an integral part of that community. The academic integrity principle commits all students to engage in academic work in ways that are consistent with, and actively support, academic integrity, and to uphold this commitment by behaving honestly, responsibly and ethically, and with respect and fairness, in scholarly practice.

The University expects all staff and students to be familiar with the academic integrity principle, the Academic Integrity Rule 2021, the Policy: Student Academic Integrity and Procedure: Student Academic Integrity, and to uphold high standards of academic integrity to ensure the quality and value of our qualifications.

The Academic Integrity Rule 2021 is a legal document that the University uses to promote academic integrity, and manage breaches of the academic integrity principle. The Policy and Procedure support the Rule by outlining overarching principles, responsibilities and processes. The Academic Integrity Rule 2021 commences on 1 December 2021 and applies to courses commencing on or after that date, as well as to research conduct occurring on or after that date. Prior to this, the Academic Misconduct Rule 2015 applies.


The University commits to assisting all students to understand how to engage in academic work in ways that are consistent with, and actively support academic integrity. All coursework students must complete the online Academic Integrity Module (Epigeum), and Higher Degree Research (HDR) students are required to complete research integrity training. The Academic Integrity website provides information about services available to assist students with their assignments, examinations and other learning activities, as well as understanding and upholding academic integrity.

Online Submission

You will be required to electronically sign a declaration as part of the submission of your assignment. Please keep a copy of the assignment for your records. Unless an exemption has been approved by the Associate Dean (Education) submission must be through Turnitin.

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

The Academic Skills website has information to assist you with your writing and assessments. The website includes information about Academic Integrity including referencing requirements for different disciplines. There is also information on Plagiarism and different ways to use source material.

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. Extensions may be granted 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.

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).

Dr Tue Gorgens

Research Interests


Dr Tue Gorgens

By Appointment
Dr Tue Gorgens

Research Interests

Dr Tue Gorgens

By Appointment

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