INTRODUCTION TO ECONOMIC DATA ANALYSIS

ECO2IED

Not currently offered

Credit points: 15

Subject outline

In this subject students consider how to communicate and interpret commercial and economic information in terms of statistical measures. The probability approach is introduced, with applications to inferential statistics and hypothesis testing using sampling distributions in the realms of economics and commerce. Simple linear regression and testing for various hypotheses in business, economics and finance is also covered.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorPeter Sivey

Available to Study Abroad StudentsYes

Subject year levelYear Level 2 - UG

Exchange StudentsYes

Subject particulars

Subject rules

PrerequisitesN/A

Co-requisitesN/A

Incompatible subjects STA1SS

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsTBAPrescribedTBATBA

Graduate capabilities & intended learning outcomes

01. Identify the statistical procedures that are most suited to various problems in business, economics and finance.

Activities:
Lectures, tutorials, prescribed reading, class discussions
Related graduate capabilities and elements:
Critical Thinking (Critical Thinking)
Creative Problem-solving (Creative Problem-solving)
Ethical Awareness (Ethical Awareness)
Inquiry/ Research (Inquiry/ Research)

02. Perform various statistical procedures using SPSS and interpret their results.

Activities:
Lectures, tutorials, prescribed reading, class discussions
Related graduate capabilities and elements:
Creative Problem-solving (Creative Problem-solving)
Ethical Awareness (Ethical Awareness)
Inquiry/ Research (Inquiry/ Research)
Critical Thinking (Critical Thinking)

03. Present your results and write reports in a way that is understandable to non-statisticians.

Activities:
Lectures, tutorials, prescribed reading, class discussions
Related graduate capabilities and elements:
Inquiry/ Research (Inquiry/ Research)
Creative Problem-solving (Creative Problem-solving)
Critical Thinking (Critical Thinking)
Ethical Awareness (Ethical Awareness)

04. Illustrate various univariate and multivariate statistical procedures.

Activities:
Lectures, tutorials, prescribed reading, class discussion
Related graduate capabilities and elements:
Ethical Awareness (Ethical Awareness)
Creative Problem-solving (Creative Problem-solving)
Inquiry/ Research (Inquiry/ Research)
Critical Thinking (Critical Thinking)

Subject options

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