MAE256 - Analytical Methods in Economics and Finance
Unit details
| Year | 2025 unit information |
|---|---|
| Enrolment modes: | Trimester 1: Burwood (Melbourne), Waterfront (Geelong), Online Trimester 2: Burwood (Melbourne), Online |
| Credit point(s): | 1 |
| EFTSL value: | 0.125 |
| Previously coded as: | MAE356, MAF356 |
| Unit Chair: | Trimester 1: Romain Gauriot Trimester 2: Aydogan Ulker |
| Prerequisite: | MIS171 |
| Corequisite: | Nil |
| Incompatible with: | MAE356, MAF356 |
| Educator-facilitated (scheduled) learning activities - on-campus unit enrolment: | 1 x 2 hour on-campus lecture (recordings provided) each week and 1 x 1 hour on-campus seminar (recordings provided) each week. |
| Educator-facilitated (scheduled) learning activities - online unit enrolment: | 1 x 2 hour recorded lecture and 1 x 1 hour online seminar each week. |
| Typical study commitment: | Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit. This will include educator guided online learning activities within the unit site. |
Content
This unit introduces intermediate-level quantitative techniques used in finance, economics and business. You will learn quantitative techniques essential to understanding how different factors relate to each other and making accurate predictions. The unit will cover a range of important topics, including basic statistics, hypothesis testing, cross-sectional data analysis, time series models including trends, seasonality and cycles, and basic forecasting. You will develop skills to utilise these methods effectively in Excel and interpret the results of data analysis. Through hands-on exercises, you will apply these techniques to real-world examples commonly used by analysts in economics and finance, including returns to education, CAPM model, CEO pay, liquor sales, industrial production, imports and forecasting elections results.
By the end of the course, you will have a deeper understanding of the quantitative tools used in finance, economics, and business, which are essential for making informed business decisions.
Learning Outcomes
| ULO | These are the Unit Learning Outcomes (ULOs) for this unit. At the completion of this unit, successful students can: | Alignment to Deakin Graduate Learning Outcomes (GLOs) |
|---|---|---|
| ULO1 | Apply and interpret statistical methods to relevant economic and finance data. | GLO1: Discipline-specific knowledge and capabilities |
| ULO2 | Use software to analyse data within the realm of economics and finance and to interpret statistical data analysis. | GLO3: Digital literacy |
| ULO3 | Critically appraise the accuracy, sources and relevance of statistical data and models. | GLO1: Discipline-specific knowledge and capabilities |
| ULO4 | Solve complex problems using quantitative methods. | GLO1: Discipline-specific knowledge and capabilities GLO5: Problem solving |
Assessment
| Assessment Description | Student output | Grading and weighting (% total mark for unit) | Indicative due week |
|---|---|---|---|
| Assessment 1: (Individual) 2 x (Online) Multiple Choice Quiz | 75 minutes each | 20% (10% each) | Quiz 1: Week 5 |
| Assessment 2: (Individual) Problem-based written assignment | 1500 words | 20% | Week 7 |
| End-of-unit assessment task: Written | 2 hours | 60% | End-of-unit assessment period |
The assessment due weeks provided may change. The Unit Chair will clarify the exact assessment requirements, including the due date, at the start of the teaching period.
Hurdle requirement
Hurdle requirement: Achieve at least 40% of the marks available on the end-of-unit assessment task to evidence a minimum proficiency in the aligned discipline learning outcomes included in this unit.
Learning resource
The texts and reading list for MAE256 can be found via the University Library.
Note: Select the relevant trimester reading list. Please note that a future teaching period's reading list may not be available until a month prior to the start of that teaching period so you may wish to use the relevant trimester's prior year reading list as a guide only.
Unit Fee Information
Fees and charges vary depending on the type of fee place you hold, your course, your commencement year, the units you choose to study and their study discipline, and your study load.
Tuition fees increase at the beginning of each calendar year and all fees quoted are in Australian dollars ($AUD). Tuition fees do not include textbooks, computer equipment or software, other equipment or costs such as mandatory checks, travel and stationery.
For further information regarding tuition fees, other fees and charges, invoice due dates, withdrawal dates, payment methods visit our Current Students website.