UnitLevel 1Undergraduate

ETC1000 Business and economic statistics

Faculty of Business and Economics

ETC1000 Business and economic statistics is a level 1, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2025 in Semester 1 and Semester 2 at Clayton. It has no prerequisites and unlocks 29 units, leading on to 133 units in all.

Credit points: 6
Offered in 2025: Semester 1, Semester 2; Clayton
Assessment: Exam 80%; and 3 other tasks
Workload: 144 hours; per semester

This is the 2025 handbook entry. See the 2027 entry.

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Requisites

Before ETC1000

Prohibitions

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

One of

After ETC1000

29 units list ETC1000 as a prerequisite or corequisite.

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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

Presentation and analysis of grouped and ungrouped data using tables, charts and measures of location and dispersion; standardisation techniques, including index numbers, with application to share price indices and the CPI; analysis of relationships between variables using simple and multiple regression; extensions to multiple regression, including nonlinear and categorical explanatory variables and time series data with applications to forecasting; main ideas of probability theory as a foundation for statistical inference; concept of sampling as a way of capturing uncertainty about data; estimators and their properties; constructing and interpreting confidence intervals; fundamentals of hypothesis testing, testing hypotheses about the mean, difference between means and the slope, including analysis of variance.

Offerings in 2025

Teaching period	Campus	Mode
First semester	Clayton	Blended
Second semester	Clayton	Blended

Assessment

Within semester assessment
60%
Examination
40%
Quiz / Test
40%
Project
20%
Examination
40%

Learning outcomes

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

1
interpret business and economic data using tables, charts and descriptive statistics techniques, applying standardisation techniques where appropriate
2
describe the concept of a sampling distribution, estimators and their properties
3
make inference on single and multiple population means, difference between means and the slope for business and economic decision-making
4
interpret and evaluate relationships between variables for business and economic decision-making using simple and multiple linear regression
5
apply the main ideas of probability theory to business and economic decision-making.

Workload and teaching

Lectures18 hours
Tutorials18 hours
Tutorials12 hours
Workshops12 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 2025 handbook.

Contacts

Chief Examiners: Mr 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 29 units, including ACX3300, BFF2701, ECF3800, ETB2111, ETC1010 and ETC2410. Those lead on to 133 units in all.

When is ETC1000 offered?

In 2025, 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 80% of the final mark, alongside 4 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: 2020 2021 2022 2023 202420252026 2027