ECON10005 Quantitative Methods 1 Notes | Assignment Help | Syllabus
University: University Of Melbourne
“This course addresses the fundamental principles that underlie quantitative decision analysis in the faculty’s different specializations. It serves as a basis for all quantitative courses in the commerce degree’s second year. Measures of location and dispersion; probability, random variables, and anticipated values; sample design; estimation and testing using the normal and t-distributions; and basic regression and correlation are among the subjects addressed. Excel is used to demonstrate accounting, economics, finance, management, and marketing applications.
Learning outcomes that are expected
Graph economic data using easy-to-understand techniques.
Explain the principles involved in data summarization and interpretation.
Explain how you can utilize the ideas of random variables and probability distributions to make conclusions.
Demonstrate your understanding of the principles of population, samples, and sampling distributions.
Estimate and test hypotheses about unknown population numbers.
To model the connection between variables and make conclusions about relationships, use basic regression analysis.
Use basic analytical methods to help you make financial decisions.
Skills that are universal
Problem solving, statistical reasoning, application of theory to practice, interpretation and analysis, synthesis of data and other information, evaluation of data and other information, use of computer software, and accessing data and other information from a variety of sources are all at a high level of development.
Oral communication, written communication, critical thinking, and receptiveness to different views are all at a moderate level of development.
Collaboration and teamwork are examples of certain levels of growth.”
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