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Quantitative Methods for Business (ECOM90009)
Graduate courseworkPoints: 12.5Online and Dual-Delivery (Parkville)
Please refer to the return to campus page for more information on these delivery modes and students who can enrol in each mode based on their location.
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Overview
Availability | Semester 1 - Online Semester 2 - Dual-Delivery |
---|---|
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
On successful completion of this subject, students should have improved the following 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
Eligibility and requirements
Prerequisites
Admission into one of the following:
- MC-MGMT Master of Management
- MC-MGMTACT Master of Management (Accounting)
- MC-MGMTAFN Master of Management (Accounting and Finance)
- MC-MGMTFIN Master of Management (Finance)
- MC-MGMTHRE Master of Management (Human Resources)
- MC-MGMTMKT Master of Management (Marketing)
Corequisites
None
Non-allowed subjects
MC-MGMTAFN Master of Management (Accounting and Finance).
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
Semester 1
Description | Timing | Percentage |
---|---|---|
Mid-semester test
| Mid semester | 10% |
Three assignments totalling 30 pages due in weeks 3, 9 and 12 of semester
| From Week 3 to Week 12 | 30% |
End-of-semester examination
| During the examination period | 60% |
Semester 2
Description | Timing | Percentage |
---|---|---|
Group Assignment 1
| Week 5 | 10% |
Mid-Semester Test
| Week 7 | 10% |
Group Assignment 2
| Week 9 | 10% |
Group Assignment 3
| Week 12 | 10% |
End of Semester Exam
| During the examination period | 60% |
Additional details
Important online examination information: This examination is the equivalent of a 2-hour assessment; however, students are provided with 3-hours to accommodate the time that will be required for typesetting of mathematical expressions and the uploading of documents. An equavalent statement was provided for the midsemester.
Last updated: 3 November 2022
Dates & times
- Semester 1 - Online
Principal coordinator Mehmet Ozmen Mode of delivery Online Contact hours 2 hours' recorded lectures, 1 hour live online tutorial, 1 hour live consultation hours. Total time commitment 170 hours Teaching period 1 March 2021 to 30 May 2021 Last self-enrol date 12 March 2021 Census date 31 March 2021 Last date to withdraw without fail 7 May 2021 Assessment period ends 25 June 2021 - Semester 2 - Dual-Delivery
Principal coordinator Mehmet Ozmen Mode of delivery Dual-Delivery (Parkville) Contact hours A 2-hour lecture and a 1-hour tutorial per week Total time commitment 170 hours Teaching period 26 July 2021 to 24 October 2021 Last self-enrol date 6 August 2021 Census date 31 August 2021 Last date to withdraw without fail 24 September 2021 Assessment period ends 19 November 2021
Last updated: 3 November 2022
Further information
- Texts
Prescribed texts
You will be advised of prescribed texts by your lecturer.
- Related Handbook entries
This subject contributes to the following:
Type Name Course Master of Management (Accounting) Course Master of Management (Finance) - Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
- 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