School Of Business

Introduction to Economic MethodsWestern Sydney University Unit Code: 200052.6

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), 301123 - Management Analytics

About this Unit
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.

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