Year
2020
Units
4.5
Contact
1 x 2-hour lecture weekly
1 x 1-hour tutorial weekly
Course context
Students may not count both this topic and/or COMM1002, ECON1004, ECON1004A and/or BUSN1009A towards their degree.

Bachelor of Business; Bachelor of Commerce
Topic description
The topic provides an introduction on how to use computational and decision-making techniques useful to business students in such fields as accounting, management, finance and economics. Subjects covered include data and statistics, probability, sampling, hypothesis testing and how business managers can access and process information to make sound business decisions. The topic reviews sources of business information, methods of summarizing information and ways in which the information can be processed to make good business decisions.
Educational aims
Provide students with the opportunity to develop knowledge and skills in quantitative methods useful in business.
Expected learning outcomes
On successful completion of this topic students will be able to:

  1. Describe and apply quantitative analytical techniques used in business and economics
  2. Describe methods of collecting business data
  3. Summarise data and present them graphically using Excel spreadsheets
  4. Explain and apply basic probability and distribution concepts and carry out statistical estimation and testing
  5. Carry out simple linear regression.