THE UNIVERSITY OF MELBOURNE 
ECON10005 - Quantitative Methods 1 
* Final Examination Guide and Notes 2024 
 
- Part 01. Topic Summary and Exam Tips 
- Part 02. Practice Exam Questions and Answers 
- Part 03. Sample Final Examination Paper 
- Part 04. Suggested Solutions to Final Exam Paper 
 
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University of Melbourne - ECON10005: Quantitative Methods 1 (Solutions)

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ACADEMIC YEAR 2023 - 2024

University	University of Melbourne
Study Level	Undergraduate Level I
Subject Code	ECON10005
Subject Name	Quantitative Methods 1
Notes Title	Final Examination Guide and Notes
Format	PDF
Page Length	59

* This comprehensive study material covers all examinable topics for ECON10005: Quantitative Methods 1 - at the University of Melbourne, enabling students to effectively prepare for the final exam. The document features revision notes summarising core concepts and theories, practice exam questions with answers for each topic, a sample exam paper comprising detailed solutions, and a marking scheme that replicates the structure and format of the actual examination. By using this guide, you will quickly grasp the statistical concepts covered in the subject, allowing you to confidently approach your final exam!

- This subject, Quantitative Methods 1 covers the core concepts which underpin quantitative decision analysis in the various specialisations within the faculty. The subject provides a foundation for all second-year quantitative subjects in the commerce degree. The topics covered are drawn from financial mathematics; measures of location and dispersion; probability, random variables and expected values; sampling design; estimation and testing using the normal and t-distribution; and simple regression and correlation.

✔ (Summary) Learning Outcomes:

Graph economic data using methods that facilitate analysis.
Explain concepts relevant for summarising and interpreting data.
Explain how the concepts of random variables and probability distributions are useful for drawing inferences.
Explain the concepts of population, samples and sampling distributions.
Estimate unknown population quantities and test hypotheses about them.
Conduct simple regression analysis to model the relationship between variables and draw inferences about relationships.
Apply common analytical techniques relevant for financial decision making.

SUBJECT CODE	SUBJECT NAME
ACCT10001	Accounting Reports and Analysis
ACCT10002	Introductory Financial Accounting
ACCT20001	Cost Management
BLAW10001	Principles of Business Law
BLAW30002	Taxation Law I
ECOM20001	Econometrics 1
ECOM30002	Econometrics 2
ECON10003	Introductory Macroeconomics
ECON10004	Introductory Microeconomics
ECON10005	Quantitative Methods 1
ECON20002	Intermediate Microeconomics
ECON20003	Quantitative Methods 2
FNCE10002	Principles of Finance
FNCE20005	Corporate Financial Decision Making
FNCE30001	Investments
FNCE30007	Derivative Securities
FNCE40001	Advanced Corporate Finance
MAST20005	Statistics
MGMT10002	Principles of Management
MKTG10001	Principles of Marketing

University of Melbourne - ECON10005: Quantitative Methods 1 (Solutions)

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