BEA140 is a foundation subject in business statistics and the mathematics of finance, and is a core subject 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 subject 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 subject is on the practical use of data in business and economic decision environments, especially in an environment of risk and uncertainty.
By studying a variety of examples based on real world problems, the subject highlights the application of quantitative methodologies to assist managers, and decision makers, in dimensioning and communicating risks and opportunities.