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Data and Decisions (BUSA90059)
Graduate courseworkPoints: 12.5Not available in 2019
Overview
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Contemporary business is awash in data. Modern business processes and activities usually involve multiple streams of data from areas as diverse as marketing activities, operational processes and financial activities. Therefore, managers are frequently confronted with how to harness these to understand their business better, so that they can make more informed decisions. This subject provides the fundamental quantitative skills necessary for an MBA student to extract information from data, through quantitative analysis, to make better managerial decisions. Students will be familiarized with the tools of quantitative analysis, develop the necessary skills for analytical thinking and a quantitative mind set in measuring performance. The fundamental quantitative skills from this subject provide a foundation to the advanced subjects within the MBA and provide students an analytical framework towards solving managerial problems later in their career.
Intended learning outcomes
On completion of this subject, students should be able to:
- Apply quantitative methods in management decision making processes
- Apply the principles of statistical variation when considering statistics from data
- Apply regression modeling techniques to gain a better understanding of the complex relationships between business variables
- Possess an analytical mindset in solving business problems
- Possess solid computational skills in Excel
Last updated: 3 November 2022
Eligibility and requirements
Prerequisites
None
Corequisites
None
Non-allowed subjects
None
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 3 November 2022
Assessment
Additional details
Ole Maneesoonthorn:
- 8 x Class preparation exercises (15%)
-
- Equivalent of individual 300 word assessment in total
- Throughout subject
- Mid-term test (20%)
-
- 90 minutes
- Week 5
- Syndicate assignment(25%)
-
- Equivalent of individual 500 word assessment
- Week 10
- Final Examination (40%)
-
- Hurdle requirement
- 3 hours
- End of subject
Chris Lloyd:
- 15 x Class preparation exercises (15%)
-
- Throughout subject
- Mid-term test (20%)
-
- 90 minutes
- Week 5
- Syndicate assignment(25%)
-
- Week 10
- Final Examination (40%)
-
- Hurdle requirement
- 2 hours
- End of subject
Danny Oron:
- 8 x Class preparation exercises (10%)
-
- Equivalent of individual 300 word assessment in total
- Throughout subject
- Mid-term test (20%)
-
- 90 minutes
- Week 5
- Syndicate assignment(25%)
-
- Equivalent of individual 500 word assessment
- Week 10
- Final Examination (45%)
-
- Hurdle requirement
- 3 hours
- End of subject
Last updated: 3 November 2022
Dates & times
Not available in 2019
Last updated: 3 November 2022
Further information
- Texts
Prescribed texts
There are no specifically prescribed or recommended texts for this subject.
- Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.
Last updated: 3 November 2022