Computational Economics and Business (ECON30025)
Undergraduate level 3Points: 12.5Online
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.
Overview
| Availability | Semester 1 - Online |
|---|---|
| Fees | Look up fees |
This subject covers the application of computer based techniques to solve the problems encountered in economics and business. The techniques covered include the construction and use of hierarchical data sets, the use of multivariate graphics and statistics in the context of data mining applications, the elements of computer simulations, and the application of linear programming for the analysis of productivity in the context of data envelopment analysis. One aspect of this subject is the introduction of students to different software options. Possible software to be considered will be SAS, Stata, GAUSS, SPSS, TSP, EMS, Scientific Word, and Eviews.
Intended learning outcomes
On successful completion of this subject, students will be able to:
- Construct data summaries and visualizations from hierarchical data series as found when working with surveys and scanner data
- Generate interactive graphic representations of data
- Use Input-Output tables to predict economic impacts
- Predict population age distribution changes
- Use linear programming to solve economic optimization problems
- Measure the productive efficiency of firms using Data Envelopment Analysis
- Use simulation of random processes to evaluate an economic model
- Employ software to solve complex algebraic problems
Generic skills
- High level of development: problem solving; statistical reasoning; interpretation and analysis; use of computer software; accessing data and other information from a range of sources.
- Moderate level of development: written communication; application of theory to practice; critical thinking; synthesis of data and other information; evaluation of data and other information; receptiveness to alternative ideas.
- Some level of development: oral communication; collaborative learning; team work.
Last updated: 20 March 2025
Eligibility and requirements
Prerequisites
One of
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| ECOM20001 | Econometrics 1 |
Semester 1 (Online)
Semester 2 (Dual-Delivery - Parkville)
|
12.5 |
| ECON20003 | Quantitative Methods 2 |
Summer Term (Online)
Semester 1 (Dual-Delivery - Parkville)
Semester 2 (Dual-Delivery - Parkville)
|
12.5 |
Corequisites
None
Non-allowed subjects
None
Recommended background knowledge
Please refer to Prerequisites and Corequisites.
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: 20 March 2025
Assessment
| Description | Timing | Percentage |
|---|---|---|
Assignment 1
| Week 6 | 20% |
Assignment 2
| Week 12 | 20% |
End of Semester Examination
| During the examination period | 60% |
Last updated: 20 March 2025
Dates & times
- Semester 1 - Online
Principal coordinator Joe Hirschberg Mode of delivery Online Contact 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 1 contact information
Time commitment details
170 Hours
Last updated: 20 March 2025
Further information
- Texts
- Related Handbook entries
- Breadth options
This subject is available as breadth in the following courses:
- Bachelor of Arts
- Bachelor of Biomedicine
- Bachelor of Design
- Bachelor of Environments
- Bachelor of Fine Arts (Acting)
- Bachelor of Fine Arts (Animation)
- Bachelor of Fine Arts (Dance)
- Bachelor of Fine Arts (Film and Television)
- Bachelor of Fine Arts (Music Theatre)
- Bachelor of Fine Arts (Production)
- Bachelor of Fine Arts (Screenwriting)
- Bachelor of Fine Arts (Theatre)
- Bachelor of Fine Arts (Visual Art)
- Bachelor of Music
- Bachelor of Science
- 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.
Please note Single Subject Studies via Community Access Program is not available to student visa holders or applicants
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
Last updated: 20 March 2025