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Quantitative Methods for Economic Analysis

Postgraduate | RMI-ECON1315 | 2020

Course information for 2020 intake

View information for 2021 course 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.

Study method
100% online
Assessments
Subject may require attendance
Entry requirements
Part of a degree
Duration
14 weeks

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.

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.

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