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MAE256 - Analytical Methods in Economics and Finance


2020 unit information

Important Update:

Classes and seminars in Trimester 2, 2020 will be online.

Last updated: 2 June 2020

Enrolment modes:Trimester 1: Burwood (Melbourne), Warrnambool, Waterfront (Geelong), Cloud (online)
Trimester 2: Burwood (Melbourne), Cloud (online)
Credit point(s):1
Previously coded as:MAE356, MAF356
EFTSL value:0.125
Unit Chair:Trimester 1: Mokhtarul Wadud
Trimester 2: Cahit Guven

MAE101, MIS171, MAF101

Incompatible with: MAE356, MAF256, MAF356, MSQ271
Typical study commitment:

Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.

Scheduled learning activities - campus:

1 x 2 hour class and 1 x 1 hour seminar each week

Scheduled learning activities - cloud:

Online independent and collaborative learning activities including 3 scheduled online seminars


This unit introduces students to advanced statistical techniques in finance, economics and business. At the completion of the unit, students will have an appreciation of the role of these advanced quantitative techniques in finance and economics, in business decision making, as well as in research.


These are the Learning Outcomes (ULO) for this Unit
At the completion of this Unit, successful students can:

Deakin Graduate Learning Outcomes


Apply and interpret statistical methods relevant economic and finance data and research.

GLO1: Discipline-specific knowledge and capabilities


Use software to analyse data within the realm of economics and finance and to carefully interpret statistical data analysis.

GLO3: Digital literacy


Critically appraise the accuracy, sources and relevance of statistical data and models.

GLO1: Discipline-specific knowledge and capabilities
GLO4: Critical thinking


Solve complex problems using quantitative methods.

GLO1: Discipline-specific knowledge and capabilities GLO5: Problem solving


These Unit Learning Outcomes are applicable for all teaching periods throughout the year


Assessment Description Student output Grading and weighting
(% total mark for unit)
Indicative due week 
Assessment 1: (Individual)Online Multiple Choice Quiz (x2) - 20% (10% x 2) Information not yet available

Assessment 2: (Individual) Problem-based written assignment

1500 words 20% Week 9
Examination (closed book) 2-hours 60% Exam 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 examination

Learning Resource

The texts and reading list for the unit can be found on the University Library via the link below: MAE256 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

Click on the fee link below which describes you: