MATHS 1009 - Introduction to Financial Mathematics I
North Terrace Campus - Semester 1 - 2023
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General Course Information
Course Details
Course Code MATHS 1009 Course Introduction to Financial Mathematics I Coordinating Unit Mathematical Sciences Term Semester 1 Level Undergraduate Location/s North Terrace Campus Units 3 Contact Up to 5.5 hours per week Available for Study Abroad and Exchange Y Incompatible ECON 1005, ECON 1010, MATHS 1011, MATHS 1012, MATHS 1013 Assumed Knowledge At least C- in SACE Stage 2 Mathematical Methods; or IB Mathematics: at least 3 in applications and interpretations HL, or 4 in analysis and approaches SL Restrictions Not available to BMaSc, BMaSc (Adv), BMaCompSc or BCompSc students Assessment Ongoing assessment, exam Course Staff
Course Coordinator: Dr Adrian Koerber
Course Timetable
The full timetable of all activities for this course can be accessed from Course Planner.
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Learning Outcomes
Course Learning Outcomes
On successful completion of this course students will be able to:- Demonstrate understanding of basic concepts in linear algebra, relating to linear equations, matrices, and optimization.
- Demonstrate understanding of concepts relating to functions and annuities.
- Employ methods related to these concepts in a variety of financial applications.
- Apply logical thinking to problem solving in context.
- Use appropriate technology to aid problem solving.
- Demonstrate skills in writing mathematics.
University Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s) Attribute 1: Deep discipline knowledge and intellectual breadth
Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.
all Attribute 2: Creative and critical thinking, and problem solving
Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.
3,4,5 -
Learning Resources
Required Resources
Outline Course Notes for use in the course will be provided via MyUni.Recommended Resources
Harshbarger, R.J. & Reynolds, J.J., Mathematical Applications for the Management, Life and Social Sciences 12th ed. (Cengage Learning)Online Learning
This course uses MyUni extensively and exclusively for providing electronic resources, such as course notes and videos, assignment and tutorial questions, and worked solutions. Students should make appropriate use of these resources. MyUni can be accessed here: https://myuni.adelaide.edu.au/
Students are also reminded that they need to check their University email on a daily basis. Sometimes important and time-critical information might be sent by email and students are expected to have read it. Any problems with accessing or managing student email accounts should be directed to Technology Services. -
Learning & Teaching Activities
Learning & Teaching Modes
This course relies on videos to guide students through the course material, tutorial classes to provide students with small group and individual assistance, and a sequence of written and online assignments to provide formative assessment opportunities for students to practice techniques and develop their understanding of the course.
We provide additional support via discussions on MyUni and via "drop-in" help.Workload
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
Activity Quantity Workload hours Course Notes & Videos 1 set 72 Tutorials & Practice 11 22 Assignments 11 55 Mid Semester Test 1 7 Total 156 Learning Activities Summary
The two topics of algebra and functions & annuities detailed below are taught in parallel. The tutorials are a combination of the two topics, pertaining to the previous week's content.Topic Outline
Algebra- Linear Equations and Matrices
- Algebra of matrices and vectors.
- Systems of linear equations, elementary row operations, Gauss-Jordan elimination.
- Inverse of a matrix and applications to solution of systems of equations.
- Leontief Economic Models
- Leontief open and closed economic model. Determinants.
- Optimization
- Linear inequalities, linear programming problems, geometric and algebraic solution.
- Simplex algorithm.
- Functions
- Linear and quadratic functions with applications. Domain, graph and composition of functions.
- Simple rational functions, modulus, piecewise defined functions.
- Exponential and logarithmic functions.
- Limits and continuity.
- Financial Mathematics
- Arithmetic and geometric sequences.
- Simple and compound interest.
- Present and future values.
- Continuous compounding.
- Annuities, loans and amortization.
- Linear Equations and Matrices
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Assessment
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Summary
Assessment Task Task Type Weighting Hurdle criteria Learning Outcomes Written Assignments Formative and Summative 25% all Mid Semester Test Summative and Formative 15% 1,2,3,4 Final Exam Summative 60% 40% 1,2,3,4,6 Assessment Related Requirements
The final exam has a hurdle requirement: students must achieve at least 40% on the final exam in order to pass the course.
An overall score of 50% is required to pass the course.Assessment Detail
No information currently available.
Submission
No information currently available.
Course Grading
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through Access Adelaide.
Replacement and Additional Assessment Examinations (R/AA Exams)
Students are encouraged to read the University's R/AA exam information on the University’s Examinations webpage here:
https://www.adelaide.edu.au/student/exams/modified-arrangements-for-coursework-assessment/replacement-examinations-and-additional-assessment -
Student Feedback
The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
- International Student Support
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
- YouX Student Care - Advocacy, confidential counselling, welfare support and advice
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Elder Conservatorium of Music Noise Management Plan
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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Fraud Awareness
Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student’s disciplinary procedures.
The University of Adelaide is committed to regular reviews of the courses and programs it offers to students. The University of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.
