Statistical and Economic Analysis for Decision Making unit (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	Tasmanian School of Business and Economics
Discipline	Economics
Coordinator	Doctor Ananta Neelim
Delivered By	University of Tasmania
Level	Postgraduate

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

Field of Education	Commencing Student Contribution 1,3	Grandfathered Student Contribution 1,3	Approved Pathway Course Student Contribution 2,3	Domestic Full Fee 4
			not applicable

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 UniConnect 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	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.