Enrolments for 2023 have closed.
Statistical and Economic Analysis for Decision Making
Postgraduate | TAS-BEA603 | 2023
Course information for 2023 intake View information for 2024 course intake
- Study method
- 100% online
- Assessments
- Subject may require attendance
- Entry requirements
- Part of a degree
- Duration
- 14 weeks
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 an Australian business
- Deconstruct simple events and decisions using economic concepts in contemporary business and government problems
- Recommend policy and business solutions using economic concepts in an Australian organisation
- Week 1: Defining and Collecting Data
- Week 2: Organising and Visualising Variables
- Week 3: Numerical Descriptive Measures
- Week 4: Basic Probability
- Week 5: Discrete Probability Distributions
- Week 6: Confidence Interval Estimation
- Week 7: Fundamentals of Hypothesis Testing
- Week 8: Managers and Economics
- Week 9: Demand, Supply and Equilibrium Prices
- Week 10: Demand Elasticities
- Week 11: Measuring Macroeconomic Activity
- Week 12: Open Economy and International Trade
- Week 13: Exchange Rate and the Open Economy
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 and understanding 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.
- Online Test 1 (25%)
- Group Technical Report (15%)
- Briefing note (Individual) (15%)
- Online Test 2 (25%)
- Economics Briefing note (Individual) (20%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
Part of a degree
To enrol in this subject you must be accepted into one of the following degrees:
Core
- TAS-PFA-GCE-2023 - Graduate Certificate in Professional Accounting
- TAS-PFA-GDI-2023 - Graduate Diploma of Professional Accounting
Elective
- TAS-MPA-MAS-2023 - Master of Professional Accounting
- OUA-PSU-GCE-2023 - Postgraduate Single Subjects
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.
Related degrees
Once you’ve completed this subject it can be credited towards one of the following courses
Postgraduate
TAS-PFA-GCEPostgraduate
TAS-PFA-GDIPostgraduate
TAS-MPA-MASPostgraduate
OUA-PSU-GCE