MAE256 - Analytical Methods in Economics and Finance


2024 unit information

Enrolment modes: Trimester 1: Burwood (Melbourne), Waterfront (Geelong), Online
Trimester 2: Burwood (Melbourne), Online
Credit point(s): 1
Previously coded as: MAE356, MAF356
EFTSL value: 0.125


Corequisite: Nil
Incompatible with: MAE356, MAF356
Study commitment

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

This will include educator guided online learning activities within the unit site.

Scheduled learning activities - campus

1 x 2 hour on-campus lecture (recordings provided) each week and 1 x 1 hour on-campus seminar (recordings provided) each week.

Scheduled learning activities - online

1 x 2 hour recorded lecture and 1 x 1 hour online seminar each week.


This unit introduces intermediate-level quantitative techniques used in finance, economics and business. You will learn quantitative techniques essential to understanding how different factors relate to each other and making accurate predictions. The unit will cover a range of important topics, including basic statistics, hypothesis testing, cross-sectional data analysis, time series models including trends, seasonality and cycles, and basic forecasting. You will develop skills to utilise these methods effectively in Excel and interpret the results of data analysis. Through hands-on exercises, you will apply these techniques to real-world examples commonly used by analysts in economics and finance, including returns to education, CAPM model, CEO pay, liquor sales, industrial production, imports and forecasting elections results. 

By the end of the course, you will have a deeper understanding of the quantitative tools used in finance, economics, and business, which are essential for making informed business decisions.

Hurdle requirement

Hurdle requirement: Achieve at least 40% of the marks available on the end-of-unit assessment task to evidence a minimum proficiency in the aligned discipline learning outcomes included in this unit.

Unit Fee Information

Fees and charges vary depending on the type of fee place you hold, your course, your commencement year, the units you choose to study and their study discipline, and your study load.

Tuition fees increase at the beginning of each calendar year and all fees quoted are in Australian dollars ($AUD). Tuition fees do not include textbooks, computer equipment or software, other equipment or costs such as mandatory checks, travel and stationery.

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