Courses & Units

Economics and Statistical Analysis BEA603

Introduction

This unit provides managers with an introduction to a comprehensive range of key data analysis, statistics, microeconomic and macroeconomic topics. The emphasis is on the practical application of basic statistical techniques, economic concepts and models to real world business-oriented problems and on developing students’ ability to apply the economic way of thinking to solving problems within a firm and understanding the economic environment in which they operate.
The use of mathematics and arithmetical calculations are kept to a minimum for selected topics in statistics by using the Microsoft Excel spreadsheet package.

Summary

Unit name Economics and Statistical Analysis
Unit code BEA603
Credit points 12.5
College/School College of Business & Economics
Tasmanian School of Business and Economics
Discipline Economics
Coordinator Mr Stephen Thollar
Delivered By University of Tasmania
Level Postgraduate

Availability

Location Study period Attendance options Available to
Hobart Semester 1 On-Campus Off-Campus International International Domestic Domestic
Launceston Semester 1 On-Campus International Domestic

Key

On-campus
Off-Campus
International students
Domestic students
Note

Please check that your computer meets the minimum System Requirements if you are attending via Distance/Off-Campus.

Units are offered in attending mode unless otherwise indicated (that is attendance is required at the campus identified). A unit identified as offered by distance, that is there is no requirement for attendance, is identified with a nominal enrolment campus. A unit offered to both attending students and by distance from the same campus is identified as having both modes of study.

Key Dates

Study Period Start date Census date WW date End date
Semester 1 21/2/2022 22/3/2022 11/4/2022 29/5/2022

* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (refer to How do I withdraw from a unit? for more information).

Unit census dates currently displaying for 2022 are indicative and subject to change. Finalised census dates for 2022 will be available from the 1st October 2021. Note census date cutoff is 11.59pm AEST (AEDT during October to March).

About Census Dates

Learning Outcomes

  • Understand key statistical and economic concepts and their application in business environment.
  • Apply data analysis, basic statistical techniques and the economic way of thinking to explain simple economic events, decisions and actions.
  • Communicate statistical and economic analyses and provide relevant recommendations for business and/or government policy decision making.
Field of Education Commencing Student Contribution 1 Grandfathered Student Contribution 1 Approved Pathway Course Student Contribution 2 Domestic Full Fee
080301 $1,828.00 $1,432.00 not applicable $2,702.00

1 Please refer to more information on student contribution amounts.
2 Please refer to more information on eligibility and Approved Pathway courses.
3 Please refer to more information on eligibility for HECS-HELP.
4 Please refer to more information on eligibility for FEE-HELP.

If you have any questions in relation to the fees, please contact UConnect or more information is available on StudyAssist.

Please note: international students should refer to What is an indicative Fee? to get an indicative course cost.

Teaching

AssessmentOnline Quiz 1 (statistics) (12.5%)|Online Quiz 2 (economics) (12.5%)|24 Hours Take Home Exam (20%)|Assignment 1 (Group Report) (15%)|Assignment 1 (Individual Report) (15%)|Individual Essay (25%)
TimetableView the lecture timetable | View the full unit timetable

Textbooks

Required

Levine, D., Stephan, D. and Szabat, K. (2017). Statistics for Managers Using Microsoft Excel (8th edition). New Jersey: Prentice Hall, Upper Saddle River.

Farnham, P.G. (2015). Economics for Managers (Global 3rd edition). Pearson Education Limited, England.

Note that weekly readings will be mainly drawn from the above prescribed textbooks. Therefore, it is essential that you have access to these textbooks.

Additional readings: Chapters 13 and 14 from Bernanke, B.S. Olekalns, N and Frank, R.H. (2011). Principles of Macroeconomics (3rd edition). A copy of each of these chapters will be posted on MyLO in week 7.

Recommended

McClave, T., Benson, G. and Sincich, T. (2005). Statistics for Business and Economics (9th edition).  New Jersey: Prentice Hall, Upper Saddle River.

Keat, P, Young, P. and Erfle, S. 2014, Managerial Economics (Global 7th edition). Pearson Education Limited, England.

LinksBooktopia textbook finder

The University reserves the right to amend or remove courses and unit availabilities, as appropriate.