Topic outline

  • General


    Welcome!  

     

    Our Business degrees at Alphacrucis are not highly mathematical, but you will need some maths for studying statistics and our finance courses.  If you have not studied much maths before, or it is a long time since you have studied, then your confidence with maths may be very low.  Do not despair, because a few days of sustained study can get you to the level where you will be able to cope with anything in our Alphacrucis courses and more.  People (often women) get the idea that they can’t do maths – this is just not true.

    For futher information and advice for this course, please watch the Welcome Video below.


     Paul Oslington



  • Readings/Resources

    I'm going to suggest you work through my book, A Maths Primer for Students of Economics and Business Administration, Pearson 1998, because I know it well and it has been used successfully by beginners at many institutions in Australia. 

    Other books are 

    Croucher, John S. (2012). Introductory Mathematics & Statistics for Business. 6th edition Sydney, McGraw-Hill.

    Leonard, Daniel (1980). Mathematical Methods in Accountancy, Economics and Finance Sydney, Prentice-Hall.

    Kennedy, Gavin (1982). Mathematics for Innumerate Economists London, Duckworth.

    The Khan Academy on-line video tutorials and Stanford site are very good. See below for links.

    Many high school textbooks will also be helpful.

    IMPORTANT: Whatever book or videos you choose, merely reading or watching is not enough; you will only learn maths by working through examples yourself and checking your work. Practice is essential: making lots of mistakes, and correcting them. Confidence comes through practice; my book and others have solutions to the end of the chapters, so you can check your work.

  • Basic Mathematics

    (Required for accounting, economics and statistics)


    Reading:

    Oslington, Chapter 1

    • Algebra

      (Required for accounting, economics and statistics).


      Reading:

      Oslington, Chapter 2

      Croucher, Chapter 3

      Leonard, Chapter 1

      Kennedy, Chapter 2

      Khan: Algebra Basics and Algebra I (Not Algebra II)

      • Graphs and Functions

        (Essential for economics)
        Reading:

        Oslington, Chapter 3

        Croucher, Chapter 9

        Leonard, Chapter 2

        Kennedy, Chapter 3

        Khan: Partly covered in Basic Geometry.


        • Index Numbers

          (You will use these in economics for calculating CPI changes and inflation, and some other things).
          Reading:

          Oslington, Chapter 4

          Khan: Not covered


          • Time Value and Money

            (You will use this in accounting and finance courses, and it is useful for undersanding topics like investment in economics).
            Reading:

            Oslington, Chapter 7.

            Croucher, Chapter 5, 6, and 7.

            Leonard Chapter 3

            Khan: Not Covered.