Monash Handbook(opens in a new tab)
UnitLevel 1Undergraduate

ETC1000 Business and economic statistics

Faculty of Business and Economics

No reviews yet

ETC1000 Business and economic statistics is a level 1, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2027 in Semester 1 and Semester 2 at Clayton. It has no prerequisites and unlocks 28 units, leading on to 129 units in all.

Credit points
6
Offered in 2027
Semester 1, Semester 2
Clayton
Assessment
Exam 40%
and 3 other tasks
Workload
144 hours
per semester

Reviews

No reviews yet

No reviews yet. Be the first to review ETC1000.

Requisites

Before ETC1000

Prohibitions

You can't enrol if you have passed any of these.

One of

After ETC1000

28 units list ETC1000 as a prerequisite or corequisite.

Show 20 more

Enrolment rules

If you are enrolled in course B2007 you cannot undertake this unit.

To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 Higher level.  You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study.  You should self-assess your maths competency prior to enrolling in this unit.

Overview

In this unit, you will learn how to analyse and interpret data to support evidence-based decision-making in business and economics. You will explore methods for summarising data, including tables, charts, and measures of central tendency and dispersion. Key topics include standardisation techniques, regression analysis, and the use of probability and sampling to understand uncertainty. The unit also covers statistical inference, including confidence intervals and hypothesis testing. Throughout, you’ll apply these concepts to real-world scenarios, developing practical skills in data analysis.

Offerings in 2027

Teaching periodCampusMode
First semesterClaytonBlended
Second semesterClaytonBlended

Assessment

  • Exercise
    20%
  • Quiz / Test
    20%
  • Project
    20%
  • Examination
    40%

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Learning outcomes

When you finish this unit, you should be able to:

  1. 1

    analyse business and economic data using quantitative methods to inform evidence-based decision-making

  2. 2

    apply probability concepts to model uncertainty and assess risk in business and economic contexts

  3. 3

    analyse multi-variable data to draw conclusions for business and economic decision-making

  4. 4

    communicate statistical findings using appropriate formats, collaborating in teams to present evidence-based insights for business audiences

  5. 5

    evaluate academic and industry sources to justify conclusions in business and economic contexts.

Workload and teaching

  • Lectures18 hours
  • Workshops12 hours
  • Tutorials18 hours
  • Teaching approachActive learning

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.

This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.

Learning resources

Technology resources

There may be an additional cost associated with purchasing a physical and/or virtual calculator. Specific details will be provided in the Learning Management System by commencement of Orientation week.

Where it fits

ETC1000 is part of 5 areas of study in the 2027 handbook.

Contacts

Chief Examiners
Dr Minh Huynh
Professor Brett Inder

Common questions

What are the prerequisites for ETC1000?

ETC1000 has no prerequisites, but enrolment rules apply.

What can I take after ETC1000?

ETC1000 is a prerequisite or corequisite for 28 units, including ACX3300, BFF2701, ECC3479, ECF3800, ETC1010 and ETC2410. Those lead on to 129 units in all.

When is ETC1000 offered?

In 2027, ETC1000 runs in Semester 1 and Semester 2 at Clayton.

How much work is ETC1000?

The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.

Does ETC1000 have an exam?

Yes. The exam is worth 40% of the final mark, alongside 3 other tasks.

Which majors and minors include ETC1000?

ETC1000 is part of Econometrics; Supply chain management; and Sustainability and responsible management.

More details

Credit points
6
Level
1
Study level
Undergraduate
Faculty
Faculty of Business and Economics
Organisational unit
Department of Econometrics and Business Statistics
Type
Coursework
EFTSL
0.125
Student contribution
SCA Band 1
Study abroad
Available
Handbook years
20202021202220232024202520262027