Courses & Units

Quantitative Methods BEA140

Hobart, Launceston, Cradle Coast, Hong Kong Universal Ed



BEA140 Quantitative Methods is a foundation unit in business statistics and the mathematics of finance, and is a core unit in the Bachelor of Economics (BEc) and Bachelor of Business (BBus) degrees. It is also a nominated elective in a wide range of other programs throughout the University of Tasmania. This unit is intended to provide a background capacity in mathematics of finance and statistical description and analysis, appropriate for a business student. The focus of the unit is on the practical use of data in business and economic decision environments, especially in an environment of risk and uncertainty. The unit is an introduction to the exciting world of applying mathematics and statistics to business problems. By studying a variety of examples based on real world problems, the unit highlights the application of quantitative methodologies to assist managers, and decision makers, in dimensioning and communicating risks and opportunities.


Unit name Quantitative Methods
Unit code BEA140
Credit points 12.5
Faculty/School College of Business & Economics
Tasmanian School of Business and Economics
Discipline Economics and Finance|Mathematics

Mr Steve Thollar

Teaching staff

Mr Steve Thollar

Level Introductory
Available as student elective? Yes
Breadth Unit? No


Location Study period Attendance options Available to
Hobart Semester 2 On-Campus Off-Campus International International Domestic Domestic
Launceston Accelerated Study Period 2 On-Campus International Domestic
Cradle Coast Semester 2 On-Campus International Domestic
Hong Kong Universal Ed Semester 2 On-Campus International


International students
Domestic students

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Key Dates

Study Period Start date Census date WW date End date
Semester 2 13/7/2020 10/8/2020 31/8/2020 18/10/2020
Accelerated Study Period 2 25/5/2020 12/6/2020 9/7/2020 22/8/2020

* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (see withdrawal dates explained for more information).

Unit census dates currently displaying for 2020 are indicative and subject to change. Finalised census dates for 2020 will be available from the 1st October 2019.

About Census Dates

Learning Outcomes

  • LO1: Explain the basic concepts of the time valuation of money and be able to apply these concepts to common situations in business/personal finance.
  • LO2: Demonstrate sound practices in sampling, data description and presentation in a business environment.
  • LO3: Apply basic probability concepts, distributions and statistical inference as an aid to business decision making.
  • LO4: Interpret and communicate output from quantitative models.



Band CSP Student Contribution Full Fee Paying (domestic) Field of Education
2 2020: $1,190.00 2020: $2,402.00 010103

Fees for next year will be published in October. The fees above only apply for the year shown.

Please note: international students should refer to this page to get an indicative course cost.



You must complete one of the following prerequisites prior to attempting BEA140:

  • TCE MTG315115 General Mathematics, TCE MTA315109 Mathematics Applied, or TCE MTM315114 Mathematics Methods
  • OR a bridging mathematics unit (either UPP075, XAB090, BEA109, or EUS013 AND EUS014)
  • OR equivalent studies as accepted by the Tasmanian School of Business and Economics (such as either of the Foundation Studies units KMA002 or  KMA003)
  • OR a higher level Mathematics subject

Mutual Exclusions

You cannot enrol in this unit as well as the following:



Teaching Pattern

1 x 2 hour lecture, 1 x 1 hour workshop per week.

Note: for students requiring additional assistance, weekly tutorials beginning in Week 4 will be arranged - these tutorials are NON-COMPULSORY


Internal assessments 45%, Final exam 55%.  Please check the unit outline for details.

TimetableView the lecture timetable | View the full unit timetable



Please check the unit outline for details.


Booktopia textbook links

The University reserves the right to amend or remove courses and unit availabilities, as appropriate.