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Dr Yaping Shan
Location: Room 3.36, Level 3 Nexus 10 (10 Pulteney St)
Telephone: 8313 2068
Office hours: Friday 11:15am - 12:30pm
Email: yaping.shan@adelaide.edu.au

On successful completion of this course, students will be able to:

1. Develop analytical skills.
2. Develop organizational skills.
3. Develop both independent learning and group work skills.
4. Develop verbal and non-verbal communication skills.
5. Successfully use mathematics in economics and business applications.

Textbook:
Ian Jacques, Mathematics for Economics and Business (9th edition) Prentice Hall

Students will also need a calculator with the following functions:
(i) logarithmic function
(ii) exponential function
(iii) nth roots
(iv) nth powers

“Mathematics for Economists”, by Carl P. Simon and Lawrence Blume (Norton), 2nd Edition

"Schaum's Outline of Introduction to Mathematical Economics", by Dowling Edward T., 3ed Edition.

The course makes extensive use of MyUni for purposes including the posting of lecture notes, lecture recordings, tutorial exercises, assignments, and important announcements. The discussion board there is considered an important method of communication.

 

Lecture recordings will be made available online. Students should be aware that there may be occasional instances where lecture recording fails due to technical issues.

This course is divided into a lecture component and a tutorial component. The lecture covers the key concepts of a particular topic to complement the text. Tutorials will consolidate your understanding of course material by working through problems similar to those in the lecture.

Lectures will be recorded and copies of the lecture recordings will be placed on MyUni, within 24 hours of completion of the lecture, when possible. Please note, sometimes, through technical difficulties, the lecture may not be recorded. This is beyond the control of the lecturer. Should this occur, an announcement will be placed on MyUni.

Students in this course are expected to attend all lectures throughout the semester plus one tutorial class each week.

The workload for a 3 unit course is 12 hours per week. Given that there are 2 hours of lectures and 1 hour of tutorials each week, students are expected to spend 9 hours per week, studying this subject outside contact hours.

Teaching & Learning Activities	Related Learning Outcomes
Lectures	1-5
Tutorials	1,3,5

Lecture Schedule

Week	Topics	Chapters
1	Linear equations	1.3 to 1.5
2	Quadratic functions	2.1, 2.2
3	Indices (powers, exponents) and logarithms, the exponential and natural logarithm functions	2.3, 2.4
4	Mathematics of Finance I	3.1 to 3.2
5	Mathematics of Finance II	3.3
6	Differentiation, Mid-Semester Test	4.1
Mid-Semester Break
7	Rules of Differentiation	4.2, 4.3
8	Further Rules of Differentiation	4.4 to 4.5
9	Optimisation of economic functions	4.6 to 4.8
10	Partial Differentiation	5.1 to 5.3
11	Optimisation	5.4, 5.6
12	Matrices	7.1 to 7.3

Note: Every effort shall be made by the lecturer to adhere to this timetable. However, in the event that students require different times on topics, the lecturer will amend this timetable at his discretion.

Students will be put into groups of about 4-5 to complete a group project. The aim of the activity is to help students understand the role of mathematics in everyday economic life

Assessment Task	Due	Weighting	Learning Outcome
Mid-term Exam	Week 6	20%	1,5
Final Exam	Week TBA	50%	1,5
Tutorial Assignments (the best 8 of 10 grades) (individual work)	Weekly	25%	1,2,5
SGDE project	Week 10	5%	1,3,4,5
Total		100%

Mid-Semester Test (week 6):
This will be of 50 minutes duration taken under exam conditions. Topics to be covered in the Mid-Semester Test will be discussed by the lecturer during lecture time in the week’s preceding the test. The midterm test is redeemable, which means that if the grade you
obtained for the final examination is higher than the one you obtained  for the midterm, the final examination grade will account for 70% of  your overall grade. Failure to sit the midterm examination will result in receiving zero points, whether a medical certificate is provided or not. The grade of the final examination will then account for 70% of the overall grade.

Tutorial Assignment:
Tutorial assignment will be available to download from MyUni on a weekly basis, beginning with week 1. Solutions to each assignment will be discussed during the tutorial session. The best 8 of 10 assignments will be counted for the final grade. Please use lined paper or graph paper. Pencil or pen, are both acceptable for Tutorial assignments.

The Tutorial assignments have to be submitted online. Late papers will not be accepted, as it is unfair to students who submit their work on time. Failure to hand in an assignment on time will lead to a zero mark.

Additional Assessment

If a student receives 45-49 for their final mark for the course they will automatically be granted an additional assessment. This will most likely be in the form of a new exam (Additional Assessment) and will have
the same weight as the original exam unless an alternative requirement (for example a hurdle requirement) is stated in this semester’s Course Outline. If, after replacing the original exam mark with the new exam
mark, it is calculated that the student has passed the course, they will receive 50 Pass as their final result for the course (no higher) but if the calculation totals less than 50, their grade will be Fail and
the higher of the original mark or the mark following the Additional Assessment will be recorded as the final result.