ECON 1006 Introduction to Economic Methods
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