ETF2480 Business modelling
Faculty of Business and Economics
ETF2480 Business modelling is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2022 in Semester 2 at Caulfield. It needs ETB1100, FIT1006, ETC1000, SCI1020, ETF1100, STA1010, ETW1001 or ETX1100 and unlocks 1 unit.
- Credit points
- 6
- Offered in 2022
- Semester 2
- Caulfield
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2022 handbook entry. See the 2027 entry.
Reviews
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Requisites
Before ETF2480
Prerequisites
Pass these before you enrol.
- ETB1100Business statisticsNo reviews yet
- FIT1006Business information analysisNo reviews yet
- ETC1000Business and economic statisticsNo reviews yet
- SCI1020Introduction to statistical reasoningRated 5.0 out of 5 from 1 review
- ETF1100Business statisticsNo reviews yet
- STA1010Statistical methods for scienceNo reviews yet
- ETW1001Introduction to statistical analysisNo reviews yet
- ETX1100Business statisticsNo reviews yet
After ETF2480
1 unit list ETF2480 as a prerequisite or corequisite.
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 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
This is a software-oriented subject intended to provide a working knowledge of decision-making tools and techniques applicable in a business environment. Various optimisation techniques used in managerial decision-making will be introduced. Topics include business modelling with spreadsheets, linear programming models, transportation and assignment models, inventory control models, network models, project planning and scheduling models. Applications in management, marketing, accounting, finance and related fields are emphasised.
Offerings in 2022
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Caulfield | On campus |
Assessment
- Within semester assessment40%
- ExaminationThreshold hurdle60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
appreciate the relevance of quantitative analytical techniques in solving business decision problems
- 2
formulate business decision problems as mathematical models and lay out as spreadsheet models
- 3
apply tools available in Microsoft Excel and algorithms to generate solutions and interpret the results
- 4
appraise the solutions through the use of sensitivity analysis
- 5
communicate the analysis and results of business decision problems.
Workload and teaching
- Tutorials18 hours
- Lectures24 hours
- Teaching approachCase-based teaching
- 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. 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.
This unit includes case-based teaching, where you apply your knowledge and engage in analytical and reflective thinking to solve complex contextual scenarios. Activities are often designed so that there is not one clear answer, but you need to work together to examine, analyse and make decisions to resolve the situation.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
Where it fits
ETF2480 is part of 2 areas of study in the 2022 handbook.
Contacts
- Chief Examiners
- Miss Jessica Leung
Common questions
What are the prerequisites for ETF2480?
You need ETB1100, FIT1006, ETC1000, SCI1020, ETF1100, STA1010, ETW1001 or ETX1100 before you enrol. Enrolment rules also apply.
What can I take after ETF2480?
ETF2480 is a prerequisite or corequisite for 1 unit, including ETF3480.
When is ETF2480 offered?
In 2022, ETF2480 runs in Semester 2 at Caulfield.
How much work is ETF2480?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ETF2480 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.
Which majors and minors include ETF2480?
ETF2480 is part of Business analytics and statistics.