ECON1111 Quantitative Methods for Business and Economics

6 points
(see Timetable)

If this unit does not have an online alternative, then students who are presently unable to enter Western Australia and whose studies would be delayed by an inability to complete this unit, should contact the unit coordinator (details given on this page) to ascertain, on an individual case-by-case basis, if alternate arrangements can be made to support their study in this unit.

Semester 1UWA (Perth)Face to face Predominantly face-to-face. On campus attendance required to complete this unit. May have accompanying resources online.
Semester 1UWA (Perth)Online timetabled 100% Online Unit. NO campus face-to-face attendance is required to complete this unit. All study requirements are online only. Unit includes some synchronous components, with a requirement for students to participate online at specific times.
Details for undergraduate courses
  • Level 1 elective
This unit is designed to prepare students' quantitative capabilities to the standard required for further study in business and other relevant fields. Topics include linear and non-linear functions, basic calculus, financial mathematics, and probability and introductory statistics.
Students are able to (1) solve unknowns in equations representing business activities and economic concepts; (2) determine the behaviour of linear and nonlinear functions using algebra and calculus techniques; (3) work with discrete and continuous compound growth models to calculate the value of financial assets at different points in time; and (4) understand the concepts of events and of discrete random variables, and basic properties of probabilities.
Indicative assessments in this unit are as follows: (1) tutorial activities; (2) tests; and (3) examination. Further information is available in the unit outline.

Supplementary assessment is not available in this unit except in the case of a bachelor's pass degree student who has obtained a mark of 45 to 49 overall and is currently enrolled in this unit, and it is the only remaining unit that the student must pass in order to complete their course.
Unit Coordinator(s)
Dr Luciana Fiorini
Unit rules
Mathematics Applications (ATAR) or WACE Mathematics 2C/2D or TEE Discrete Mathematics or MATH0700 Preparatory Mathematics
Mathematics Methods (ATAR) or higher; WACE Mathematics 3A/3B or higher; TEE Applicable Mathematics; TEE Calculus; or MATH1701 Introductory Mathematics Foundations
Contact hours
lectures/tutorials/seminars/workshops: up to 3 hours per week
This unit is compulsory for all undergraduate Business School students who have passed WACE Mathematics 2C/2D or TEE Discrete Mathematics only.
  • The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
  • All students are responsible for identifying when they need assistance to improve their academic learning, research, English language and numeracy skills; seeking out the services and resources available to help them; and applying what they learn. Students are encouraged to register for free online support through GETSmart; to help themselves to the extensive range of resources on UWA's STUDYSmarter website; and to participate in WRITESmart and (ma+hs)Smart drop-ins and workshops.
  • Unit readings, including any essential textbooks, are listed in the unit outline for each unit, one week prior the commencement of study. The unit outline will be available via the LMS and the UWA Handbook one week prior the commencement of study. Reading lists and essential textbooks are subject to change each semester. Information on essential textbooks will also be made available on the Essential Textbooks. This website is updated regularly in the lead up to semester so content may change. It is recommended that students purchase essential textbooks for convenience due to the frequency with which they will be required during the unit. A limited number of textbooks will be made available from the Library in print and will also be made available online wherever possible. Essential textbooks can be purchased from the commercial vendors to secure the best deal. The Student Guild can provide assistance on where to purchase books if required. Books can be purchased second hand at the Guild Secondhand bookshop (second floor, Guild Village), which is located on campus.