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.
|Unit name||Economics and Statistical Analysis|
|College/School||College of Business & Economics
Tasmanian School of Business and Economics
|Coordinator||Doctor Seu (Seu Keow) Cheng|
|Delivered By||Delivered wholly by the provider|
|Location||Study period||Attendance options||Available to|
|Hobart||Semester 1||On-Campus||Off-Campus||International International||Domestic Domestic|
|Hobart||Semester 2||On-Campus||Off-Campus||International International||Domestic Domestic|
- International students
- Domestic students
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|Study Period||Start date||Census date||WW date||End date|
* 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 2021 are indicative and subject to change. Finalised census dates for 2021 will be available from the 1st October 2020. Note census date cutoff is 11.59pm AEST (AEDT during October to March).
- 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|
- Available as a Commonwealth Supported Place
- HECS-HELP is available on this unit, depending on your eligibility3
- FEE-HELP is available on this unit, depending on your eligibility4
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.
Please note: international students should refer to What is an indicative Fee? to get an indicative course cost.
|Assessment||Test or quiz (20%)|Examination - invigilated (externally - Exams Office) (60%)|Assignment (20%)|
|Timetable||View the lecture timetable | View the full unit timetable|
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.
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.
|Links||Booktopia textbook finder|
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