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Empirical Methods for Business (ECON90076)
Graduate courseworkPoints: 12.5Online
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Term 1
Melbourne School of Professional and Continuing Education
Email: continuing-education@unimelb.edu.au
Phone: + 61 3 8344 0149
Monday to Friday 8am to 9pm AEST/AEDT. Weekends and University of Melbourne observed Public Holidays 10am to 5pm AEST/AEDT.
Term 3
Melbourne School of Professional and Continuing Education
Email: continuing-education@unimelb.edu.au
Phone: + 61 3 8344 0149
Monday to Friday 8am to 9pm AEST/AEDT. Weekends and University of Melbourne observed Public Holidays 10am to 5pm AEST/AEDT.
Overview
Availability | Term 1 - Online Term 3 - Online |
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Fees | Look up fees |
The subject introduces students without a strong mathematical background to some of the methods used to collect, present and analyse data and to provide illustrative applications to decision problems faced by business managers. Topics will be chosen from: sources of data; sampling and collection of primary data; presentation and summary measures of data; random variation of data and some implications for hypothesis testing and forecasting; an introduction to decision models with uncertainty; the use and interpretation of estimated regression equations; some forecasting methods used by business.
Intended learning outcomes
On successful completion of this subject students should be able to:
- Explain how statistical theory applies to decision-making;
- Explain how data is sampled, collected and presented using a range of summary measures;
- Construct and analyse relevant measures of the random variation of data;
- Construct and explain the implications of hypothesis tests and estimates of regression equations;
- Explain some forecasting methods;
- Evaluate evidence to inform decision making.
Generic skills
- Evaluation of ideas, views and evidence
- Synthesis of ideas, views and evidence
- Strategic thinking
- Critical thinking
- Application of theory to economic policy and business decision making
- Accessing economic and other information
- Summary and interpretation of information
- Application of Windows software
- Problem solving skills
- Negotiation and bargaining
- Written communication
Last updated: 3 November 2022