Is General Maths enough for App. Finance? (1 Viewer)

[beefnoodle]

I only done General Maths (Band 6) in high school, is it good enough for Applied Finance?
Do I need to take MATH123?
Does it even matter?
Do I have to prove my HSC qualifications to enrol in units like:
-ACCG253 Financial management
-ECON200 Microeconomic analysis

 

[Tabris]

You will be unable to enrol in some of your core units if the pre-requisite is HSC Mathematics and your qualification is General maths.

In Economics, basic derivatives and integration is very common in first and second year core units.

In your finance maths unit, ACST101, alot of it is extended upon geometric progression that was introduced in HSC

You will have to take a university level maths course (MATHS123?) which will cover all the stuff that was missed out.

From what I have heard, people who undertake this bridging unit regret not doing HSC maths.

You dont have to prove your qualifications, they know your results and the system is updated of your HSC subjects and results

 

[beefnoodle]

Applied Finance Study Program
Program of Study - 2009 Course Handbook - Macquarie University

ACCG253 Financial Managment
Unit - 2009 Course Handbook - Macquarie University

(ACCG100 or ACCG105) and (ECON111 or BBA103) and (STAT170 or STAT171) and (HSC Mathematics performance band 2 or extension 1 or extension 2, or 3cp from MATH123-MATH136) and ACST101 and (27cp or GPA of 2.00)


So I need to take MATH123?
Unit - 2009 Course Handbook - Macquarie University

 

[Tabris]

Yes, you will have to complete MATHS123 in order to enrol in ACCG253.

I just noticed that you will be completing your HSC in 2011. You are thinking very ahead.

If your tossing between HSC 2U MAths or General maths. I would advise you to do HSC Maths if your planned career is in business.

 

[beefnoodle]

According to the unit description
Department of Mathematics

and the program/syllabus
Department of Mathematics

MATH123 - Mathematics 123

Unit Syllabus


Algebra:

• Basic algebra: the real numbers, arithmetic, expansion and factorization.
• Introduction to matrices, application to linear equations.
• Recurrence equations.
• Indices and logarithms.
• Polynomial equations.
• Inequalities and absolute values.
• Arithmetic and geometric progressions. Applications.
• Elementary counting techniques: permutations and combinations.
• Introduction to complex numbers.

Calculus:

• Functions and graphs. Lines, gradients and intercepts.
• Introduction to differentiation, sum and product rules.
• Tangents and normals.
• Chain rule.
• Derivatives of pseudopolynomials.
• Derivatives of exponential and logarithmic functions.
• Second derivatives, maximum and minimum values of functions.
• Applications of differentiation.
• Newton's method.
• Integration as antidifferentiation, integration by linear substitution.
• Definite integrals, areas.
• Simple differential equations.
• Numerical integration, Simpson's Rule.

How hard are those topics?
I remember doing some of them in Yr 11

This is the 2007 Exam paper for MATH123
http://rutherglen.ics.mq.edu.au/math123s108/OldExams/2007.pdf
looks pretty basic

 

[beefnoodle]

Im planning to do these units in the first semester:
-ACST101 techniques and elements of finance
-ECON110 macroeconomic principles
-ECON111 macroeconomics principles
and MATH123

what is your advice?

 

[beefnoodle]

Yes, you will have to complete MATHS123 in order to enrol in ACCG253.

I just noticed that you will be completing your HSC in 2011. You are thinking very ahead.

No I graduated last year (2008)

 

[Tabris]

ACST 101

Arithmetic and geometric progressions. Applications.

You will be applying this alot in calculating annuities etc.

ECON110

Maths is quite simple : plus, minus, multiplication, divide

ECON111

Microeconomics can be abit tricky since concepts such as average, revenue, marginal revenue, average cost and marginal cost are related to calculus. Back when i did it, equations were very simple and sometimes not even there! but still, calculus does help in getting your head around understanding it.

As for the difficulty of Maths123, i am unsure, some people are more mathematically inclined than others. Regardless, hard and consistent work is always essential.

 

[williamc]

Im planning to do these units in the first semester:
-ACST101 techniques and elements of finance
-ECON110 macroeconomic principles
-ECON111 macroeconomics principles
and MATH123

what is your advice?

MATH123 is quite a step up from general maths. basically they complete the entire Mathematics (2 unit course) in 13 weeks and i heard the lecturer is shit.

ACST101: i think you may have problems, not because acst101 has any advanced calulus, but because its requires a greater understanding of mathematics and ROTE learning formula's doesn't work in this unit. having said that, work hard and you can do well. The lecturer is good for the techniques part but for the elements (all that theory on the financial sector) he is horrible and after about week 5 id estimate 20% attendance.

ECON110: the maths involved is not beyond general maths level. some basic algebra, but mostly calculator work is required.

ECON111: YOU CANT DO THIS SEMESTER 1. Anyway, there is very little maths in this course, less than macro. I reccomend you do ACCG100 (if you like accounting) or maybe ISYS123 (a computing course compulsory for EFS students)

 

[alexvincent]

ECON111: YOU CANT DO THIS SEMESTER 1. Anyway, there is very little maths in this course, less than macro. I reccomend you do ACCG100 (if you like accounting) or maybe ISYS123 (a computing course compulsory for EFS students)

For ECON111, it's true there is very little maths in it. But it requires logical thinking which can only be developed by learning a decent level of maths. I wouldn't say HSC General Maths is decent.

But I still think a general maths student can pass this unit by putting considerably more time and effort into it than the rest of the students.

 

[lou071]

I only done General Maths (Band 6) in high school, is it good enough for Applied Finance?
Do I need to take MATH123?
Does it even matter?
Do I have to prove my HSC qualifications to enrol in units like:
-ACCG253 Financial management
-ECON200 Microeconomic analysis

my neighbour who graduated applied finance and told me that it is heavily based on maths.
even though you got band 6 in general maths (it is still good), but there are certainly topics in 2 unit maths which are don't covered in general maths,

but if you want to do the applied finance, by completing the bridging course
i don't think you will have problems

 

[beefnoodle]

Damm I didnt receive an offer from Macquarie, but from UWS Blacktown.

Bachelor of Business/Commerce at Blacktown Campus

I still need to do a bridging Maths course dont I?

Is there any hope left in the Late Round offer?

 

[lou071]

Damm I didnt receive an offer from Macquarie, but from UWS Blacktown.

Bachelor of Business/Commerce at Blacktown Campus

I still need to do a bridging Maths course dont I?

Is there any hope left in the Late Round offer?

if there are vacancies available, there is still a chance!
and if the assumed knowledge or recommended knowledge is 2 unit maths,
it would be good to do bridging course.

but make sure you accept the main round offer then wait for late round offer/

 

[beefnoodle]

if there are vacancies available, there is still a chance!
and if the assumed knowledge or recommended knowledge is 2 unit maths,
it would be good to do bridging course.

but make sure you accept the main round offer then wait for late round offer/

thats what I will do at 9am tomorrow
but i doubt that there will be any places left in the late round
but i still hope

 

[lou071]

thats what I will do at 9am tomorrow
but i doubt that there will be any places left in the late round
but i still hope

good luck!

 

[Mathmatics85]

Does it mean from 2009 all accg students are to do a maths unit before moving on to 2nd year?

 

[kevinant]

ACST 101

Arithmetic and geometric progressions. Applications.

You will be applying this alot in calculating annuities etc.

ECON110

Maths is quite simple : plus, minus, multiplication, divide

ECON111

Microeconomics can be abit tricky since concepts such as average, revenue, marginal revenue, average cost and marginal cost are related to calculus. Back when i did it, equations were very simple and sometimes not even there! but still, calculus does help in getting your head around understanding it.

As for the difficulty of Maths123, i am unsure, some people are more mathematically inclined than others. Regardless, hard and consistent work is always essential.

Things about ECON111..
There will be calculus involved (especially differentiation) in the tutorial question and the formula for elasticity E=dq/dp.p/q

However, you WILL NOT encounter any weirdo mathematics in final exam, the final exam consists 40 multiple questions tests for theory and 3 essay questions.

But ACST101 required same amount of maths for geometric progressions.

 

[wombat08]

Im doing B Business Admin with Economics.

I got a Band 5 for General maths in 2008.
Can i do this course without having done Mathematics in the HSC?
Or do i need to do a bridging course?

Any help would be great.

 

[beefnoodle]

Im doing B Business Admin with Economics.

I got a Band 5 for General maths in 2008.
Can i do this course without having done Mathematics in the HSC?
Or do i need to do a bridging course?

Any help would be great.

Business Admin, Yes
Economics, NOOOOOO

 

[wombat08]

So i cant do any component of the Economics course, without having done the MATHS123 course?

I was reading earlier in the thread that the maths was simple enough..?

Please elaborate.