Statistical and Economic Analysis for Decision Making
PostgraduateTAS-BEA6032024
Course information for 2024 intake View information for 2025 course intake
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
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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- 19
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-2024 - Graduate Certificate in Professional Accounting
- TAS-PFA-GDI-2024 - Graduate Diploma of Professional Accounting
Elective
- TAS-MPA-MAS-2024 - Master of Professional Accounting
Additional requirements
- Other requirements - Teaching Arrangement: Weekly pre-recorded lectures on 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.
Related degrees
Once you’ve completed this subject it can be credited towards one of the following courses
Graduate Certificate in Professional Accounting
PostgraduateTAS-PFA-GCE
Graduate Diploma of Professional Accounting
PostgraduateTAS-PFA-GDI
Master of Professional Accounting
PostgraduateTAS-MPA-MAS