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Quantitative Analysis - ATAX0058
Library

 
Faculty: Faculty of Law
 
 
School:  Australian School of Taxation
 
 
Course Outline: See below
 
 
Campus: ATAX Campus
 
 
Career: Undergraduate
 
 
Units of Credit: 6
 
 
EFTSL: 0.12500 (more info)
 
 
Indicative Contact Hours per Week: 0
 
 
Fee Band: 5 (more info)
 
 
Further Information: See Class Timetable
 
 
Available for General Education: Yes (more info)
 
 

Description

Quantitative Analysis is an introductory course in mathematical and statistical concepts and techniques with applications in commerce and taxation. This course will train you in essential quantitative skills and show how these skills can be used in formulating and solving a wide variety of problems in economics, accountancy, finance and taxation. In this course the applications of mathematical and statistical methods in commerce and taxation are more than mere illustrations; they constitute an integral part of the course material. Quantitative Analysis is intended to be as simple, comprehensive and self-sufficient as practicable. It introduces and develops mathematical and statistical ideas and techniques from the basic principles, assuming very little mathematical knowledge on your part. The course is programmed midway through the BTax Accounting stream but if you need earlier skilling in mathematics and statistics, you may undertake the course earlier in your program.


Recommended Prior Knowledge

None

Course Objectives

This course seeks to develop your skills and knowledge in the following areas:
  • Algebraic operations, and solving equations and inequalities
  • Functions, and economics and business models
  • Sequences, series, progressions, and mathematics of finance and accountancy (interest, present values, annuities and depreciation)
  • Descriptive statistics including data collection, data presentation, and summary measures of central tendency and variability
  • Probability theory (counting techniques, probability axioms and properties, random variables, probability density functions, cumulative distribution functions, expected values and variances, and the binomial, Poisson and normal distributions)
  • Basic inferential statistics including sampling distributions statistical estimation and hypothesis testing regression and time-series analyses

Main Topics

  • Elementary algebra, functions and models
  • Mathematics of finance and accountancy
  • Descriptive statistics
  • Introduction to probability theory
  • Estimation and hypothesis testing
  • Correlation and regression analysis

Assessment

2 Assignments
1 Exam

Course Texts

Prescribed
Bowerman B, O'Connell R, Orris J & Porter D, Essentials of Business Statistics (New York: McGrath-Hill, latest edition)

Citation and Style Guides

The following is a selection of acceptable citation and style guides, which you may use as the basis for your written work. You must purchase or have access to one of the following publications:
  • Rozenberg P, Australian guide to uniform legal citation (Sydney: Lawbook Co, 2nd ed, 2003)
  • Stuhmcke A, Legal referencing (Sydney: Butterworths, 3rd ed, 2005)
  • Australian guide to legal citation (Melbourne University Law Review Association, 2nd ed, 2002) - Available from http://mulr.law.unimelb.edu.au/aglc.asp

Note that in disciplines other than Law (ie, Accounting and Economics) the literature in these courses has, for the most part, been written in the Harvard style and in these courses you may prefer to use the Harvard style of referencing. Guides to using the Harvard style can be accessed at the following websites:

http://www.lc.unsw.edu.au/onlib/ref.html
http://www.usq.edu.au/library/infoabout/ref_guides/default.htm

In this course, it is acceptable to use either one of the prescribed legal styles, or the Harvard style. However, whatever style you adopt must be used consistently and correctly - you must not mix one style with another.

Recommended
Refer to Course Profile supplied by Lecturer.

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© The University of New South Wales (CRICOS Provider No.: 00098G), 2004-2011. The information contained in this Handbook is indicative only. While every effort is made to keep this information up-to-date, the University reserves the right to discontinue or vary arrangements, programs and courses at any time without notice and at its discretion. While the University will try to avoid or minimise any inconvenience, changes may also be made to programs, courses and staff after enrolment. The University may also set limits on the number of students in a course.