Statistical and Economic Analysis for Decision Making
PostgraduateTAS-BEA6032025
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- Study method
- 100% online
- Assessments
- Subject may require attendance
- Entry requirements
- Part of a degree
- Duration
- 14 weeks
- Loan available
- FEE-HELP available
Statistical and Economic Analysis for Decision Making
About this subject
Upon completion of this subject, the student should be able to:
- Apply key statistical techniques in sustainable business environments
- Recommend solutions using statistical techniques in Australian and international businesses.
- Deconstruct simple events and decisions using economic concepts in contemporary business and government problems
- Recommend policy and business solutions using economic concepts in Australian and international organisations.
- Module 1: Defining and collecting data
- Module 2: Organising and visualising variables
- Module 3: Numerical descriptive measures
- Module 4: Basic probability
- Module 5: Random variables and probability distributions
- Module 6: Sampling distributions and estimation
- Module 7: Fundamentals of hypothesis testing
- Module 8: Thinking like economists. Market supply and demand
- Module 9: Markets in action
- Module 10: Elasticity of supply and demand
- Module 11: Measuring macroeconomic activity
- Module 12: International trade and finance
This subject provides managers with an introduction to a comprehensive range of key data analysis, statistics, microeconomic and macroeconomic topics. The emphasis is on the practical application of basic statistical techniques, economic concepts and models to real world business-oriented problems and on developing students’ ability to apply the economic way of thinking to solving problems within a firm understanding of the economic environment in which they operate. The use of mathematics and arithmetical calculations are kept to a minimum for selected topics in statistics by using the Microsoft Excel spreadsheet package.
- Invigilated Test 1 (40%)
- Report (35%)
- Invigilated Test 2 (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
- Other requirements - Teaching Arrangement: Weekly pre-recorded lectures in MyLO; 2-hour fortnightly workshops (in addition to a 1-hour orientation workshop held in Week 1).
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.