Quantitative Methods for Economic Analysis
PostgraduateRMI-ECON13152021
Course information for 2021 intake
Understand the economy, how it works, why it sometimes fails and what informs policy-makers’ decisions. See how business cycles operate. Explore probability theory and distributions. Draw on your learnings when making business or accounting decisions.
Enrolments for this course are closed, but you may have other options to start studying now. Book a consultation to learn more.
- Study method
- 100% online
- Assessments
- Subject may require attendance
- Entry requirements
- Part of a degree
- Duration
- 14 weeks
- Loan available
- FEE-HELP available
Quantitative Methods for Economic Analysis
About this subject
On successful completion of this subject you will be able to:
- CLO1: Examine basic economic problems facing society while applying simple microeconomic theory to practical problems
- CLO2: Evaluate the major economic aggregates and determine how they are measured
- CLO3: Analyse and discuss the nature of business cycles to justify decision making in a professional context
- CLO4: Identify the major economic problems that may or may not affect an economy and use appropriate economic tools to conduct analyses
- CLO5: Apply quantitative skills to real life problems and determine interrelationships between economic variables
- CLO6: Undertake basic estimation and hypothesis tests using knowledge of probability theory and probability distributions and interpret numerical and graphical outputs.
- Please refer to RMIT University's Learning Management System - Canvas, for further details.
Quantitative Methods for Economic Analysis will provide you with insights into the structure of an economy, how it operates, why economic problems occur and the reasons why policy makers make the decisions they make.
This subject is designed to provide you with the economic knowledge and skills necessary to make well-informed business and accounting decisions. It will also introduce you to various quantitative methods and techniques to facilitate these decision-making practices.
Please note: The assessment for this course is currently under review and is subject to change
- Assessment Task 3 (Linked CLOs: 1, 2, 3, 4, 5, 6) (50%)
- Assessment Task 1 (Linked CLOs: 5, 6) (25%)
- Assessment Task 2 (Linked CLOs: 1, 2, 3) (25%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
To enrol in this subject, you must be admitted into a degree.
Additional requirements
No additional requirements
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.