School Of Business

Introduction to Economic MethodsWestern Sydney University Unit Code: 200052.5

Discipline: ECONOMICS

Student Contribution Band: 3

Level: 1

Credit Points: 10

Assumed Knowledge
HSC Mathematics or equivalent

Equivalent Units
61301 - Introduction to Economic Methods, 200032 - Statistics for Business, 300700 - Statistical Decision Making, 700041 - Statistical Decision Making (UWSC)

Unit Enrolment Restrictions
Co-requisite unit 200336 - Business Academic Skills applies to students enrolled in courses 2739/2753 Bachelor of Business and Commerce, 2741/2754 Bachelor of Business and Commerce (Advanced Business Leadership) or 2740 Bachelor of Business and Commerce/Bachelor of Laws.

About this Unit
Introduction to Economic Methods will cover basic concepts in Mathematics and Statistics to help their understanding of subjects like accounting, management, marketing, finance, and economics. In addition, the analytical techniques, concepts and models that will be discussed in this unit will play a foundation role in a Business degree. Topics include: Differential calculus and its application in business and economics; collection, analysis and interpretation of data using simple descriptive and inferential statistical methods; probability distributions, point and interval estimation, hypothesis testing, and an introduction to regression analysis.

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