UnitLevel 2Undergraduate

ETF2011 Quantitative methods for risk analysis

Faculty of Business and Economics

ETF2011 Quantitative methods for risk analysis is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics. It isn't offered in 2020. It needs ETB1100, ETW1000, ETC1000, FIT1006, ETF1100, SCI1020, ETS1102 or STA1010.

Credit points
6
Offered in 2020
Not offered
Workload
144 hours
per semester

The 2027 handbook has no page for ETF2011. This is its 2020 entry, the latest one.

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Requisites

Overview

This unit presents the basis techniques of quantitative risk analysis. Risk identification and measurement techniques most commonly used in industry are discussed, including descriptive statistics. The basic rules of probability are presented in practical contexts and as the foundation for the study of probability distributions - themselves the foundations of risk analysis models. Finally, spreadsheet models of practical situations are developed and evaluated, using simulation methods.

Offerings in 2020

The 2020 handbook lists no offerings for ETF2011.

Learning outcomes

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

  1. 1

    analyse risk statistically by summarising and interpreting data using techniques of descriptive statistics including the use of associated spreadsheet functions

  2. 2

    analyse and evaluate risk by applying concepts of probability and of probability distributions

  3. 3

    analyse and evaluate risk via Monte Carlo simulation, using @Risk software

  4. 4

    evaluate decision-making strategies, including use of PrecisionTree software

  5. 5

    describe and analyse the quality of production in an industrial process, using statistical control charts.

Workload and teaching

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. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

Contacts

Chief Examiners
Mr Bruce Stephens

Common questions

What are the prerequisites for ETF2011?

You need ETB1100, ETW1000, ETC1000, FIT1006, ETF1100, SCI1020, ETS1102 or STA1010 before you enrol.

When is ETF2011 offered?

ETF2011 has no offerings listed in the 2020 handbook.

How much work is ETF2011?

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

More details

Credit points
6
Level
2
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 2
Study abroad
Not available
Handbook years
2020