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 | Tasmanian School of Business and Economics |
| Discipline | Economics |
| Coordinator | Doctor Ananta Neelim |
| Delivered By | University of Tasmania |
| Level | Postgraduate |
Availability
Specific information on 2027 unit availability will be available in August
Learning Outcomes
- Apply key statistical techniques in sustainable business environments.
- Recommend solutions using statistical techniques in Australian and international businesses.
- Deconstruct simple events and decisions using economic concepts in contemporary business and government problems.
- Recommend policy and business solutions using economic concepts in Australian and international organisations.
Fee Information
2027 fee information will be available in August.
Teaching
| Teaching Pattern | 2-hour fortnightly workshops (in addition a 1-hour orientation workshop will held in week 1) Weekly pre-recorded lectures on MyLO |
|---|---|
| Assessment | Invigilated test (25%)|Report (35%)|Invigilated test (40%) |
| 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. The library has online copies of the textbooks. Additional readings: If required, information on Additional readings will be provided on Mylo. |
|---|
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.