ECON 1006 Introduction to Economic Methods

This is an archived copy of the 2021-2022 catalog. To access the most recent version of the catalog, please visit https://hbook.westernsydney.edu.au.

Credit Points 10

Legacy Code 200052

Coordinator Raja Mukherjee Opens in new window

Description Introduction to Economic Methods covers basic concepts in mathematics and statistics to help student understanding of subjects such as accounting, management, marketing, finance, and economics. Students taking this unit are expected to improve their numeracy and analytical skills. In particular, students will learn how to collect, analyse and interpret data using simple descriptive and inferential statistical methods including simple regression analysis. In addition, by working through applied exercises, students are expected to improve their problem solving skills and acquire a basic understanding of calculus relevant to fields such as finance.

School Business

Discipline Economics

Student Contribution Band HECS Band 4 10cp

Check your HECS Band contribution amount via the Fees page.

Level Undergraduate Level 1 subject

Equivalent Subjects LGYA 9799 - Introduction to Economic Methods MATH 1030 - Statistics for Business MATH 1028 - Statistical Decision Making MATH 1029 - Statistical Decision Making (UWSC) MATH 1012 - Management Analytics MATH 1031 - Statistics for Business (WSTC)

Assumed Knowledge

HSC Mathematics or equivalent.

Assessment

The following table summarises the standard assessment tasks for this subject. Please note this is a guide only. Assessment tasks are regularly updated, where there is a difference your Learning Guide takes precedence.

Item Length Percent Threshold Individual/Group Task
Quiz Quizzes are non-compulsory. There are three online with each quiz having a weighting of 10%. 90 minutes are allowed per quiz for completion. 30 N Individual
Report 800 words 10 N Individual
Final Exam 3 hours 60 N Individual

Prescribed Texts

  • Comprehensive lecture notes will be provided for students on vUWS, and students will be referred to a variety of reference materials freely downloadable from the internet or available in the library.

Teaching Periods