Quantitative Methods 2 (ECON20003)

Intended learning outcomes

 On completion of the subject, students should be able to:

• Apply key theories and concepts in business statistics to analyse relationships between business variables via a range of quantitative models and methods.
• Critically evaluate and validate quantitative models, test their assumptions, identify their limitations and explore solutions to estimation problems.
• Explore data and perform data analysis using contemporary computing software.
• Clearly articulate statistical insights to develop evidence-based solutions to business problems. Communicate these effectively, professionally and ethically to a variety of audiences.

Generic skills

• High level of development: collaborative learning; statistical reasoning; application of theory to practice; interpretation and analysis; synthesis of data and other information; evaluation of data and other information; use of computer software.
• Moderate level of development: oral communication; written communication; problem solving; critical thinking; receptiveness to alternative ideas.
• Some level of development: team work; accessing data and other information from a range of sources.