Courses & Units
Statistical and Economic Analysis for Decision Making 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 | Statistical and Economic Analysis for Decision Making |
|---|---|
| Unit code | BEA603 |
| Credit points | 12.5 |
| College/School | College of Business & Economics Tasmanian School of Business and Economics |
| Discipline | Economics |
| Coordinator | Doctor Ananta Neelim |
| Delivered By | University of Tasmania |
| Level | Postgraduate |
Availability
| Location | Study period | Attendance options | Available to | ||
|---|---|---|---|---|---|
| Hobart | Semester 1 | On-Campus | International | Domestic | |
| Launceston | Semester 1 | On-Campus | International | Domestic | |
| Online | Semester 1 | Off-Campus | International | Domestic | |
Key
- On-campus
- Off-Campus
- International students
- Domestic students
Note
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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 | 20/2/2023 | 21/3/2023 | 10/4/2023 | 28/5/2023 |
* 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 2023 are indicative and subject to change. Finalised census dates for 2023 will be available from the 1st October 2022. Note census date cutoff is 11.59pm AEST (AEDT during October to March).
Learning Outcomes
- Apply key statistical techniques in sustainable business environments
- Recommend solutions using statistical techniques in an Australian business
- Deconstruct simple events and decisions using economic concepts in contemporary business and government problems
- Recommend policy and business solutions using economic concepts in an Australian organisation
Fee Information
| Field of Education | Commencing Student Contribution 1,3 | Grandfathered Student Contribution 1,3 | Approved Pathway Course Student Contribution 2,3 | Domestic Full Fee 4 |
|---|---|---|---|---|
| 080301 | $1,892.00 | $1,482.00 | not applicable | $2,837.00 |
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
| Teaching Pattern | 4 x 3-hour workshops (in addition a 1-hour orientation workshop will held in week 1) Weekly pre-recorded lectures on MyLO |
|---|---|
| Assessment | Briefing note (Individual) (15%)|Group technical report (15%)|Economics Briefing note (Individual) (20%)|Invigilated test (25%)|Invigilated test (25%) |
| Timetable | View 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. | Links | Booktopia textbook finder |
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.