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University of Melbourne

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Quantitative Methods 1

  • ECON10005
  • Contact Hours: Two 1-hour lectures and a 1-hour tutorial per week
    Total Time Commitment: 120 hours per semester
  • 12.50
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This subject covers the core concepts which underpin quantitative decision analysis in the various specialisations within the faculty. It provides a foundation for all second-year quantitative subjects in the commerce degree. The topics covered are financial mathematics; measures of location and dispersion; probability, random variables and expected values; sampling design; estimation and testing using the normal and t-distribution; and simple regression and correlation. Excel is used to illustrate applications in accounting, economics, finance, management and marketing. -- Course Website

Prerequisites: A study score of at least 25 in English (any) or equivalent and Mathematical Methods in VCE Units 3 & 4 or equivalent. OR Entry into the Bachelor of Commerce. OR Successful completion of Subject Study Period Commencement: Credit Points: MAST10012 Int



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