CORPFIN 7033 - Quantitative Methods (M)

North Terrace Campus - Semester 1 - 2024

The purpose of this course is to provide an introduction to both basic and advanced analytical tools for business disciplines. Beginning with simple statistical methods, the course builds to more robust analytical techniques such as multivariate linear regression. Emphasis is placed on theoretical understanding of concepts as well as the application of key methodologies used by industry. This course also aims to promote a critical perspective on the use of statistical and econometric information.

Open All

Course Details

Course Code	CORPFIN 7033
Course	Quantitative Methods (M)
Coordinating Unit	Finance and Banking
Term	Semester 1
Level	Postgraduate Coursework
Location/s	North Terrace Campus
Units	3
Contact	Up to 4 hours per week
Available for Study Abroad and Exchange	Y
Incompatible	COMMERCE 7003NA, CORPFIN 7033MELB
Assessment	Exam/ major project / mid-Semester test as prescribed at first seminar

Course Staff

Course Coordinator: Dr George Mihaylov

Course Coordinator: Dr George Mihaylov

Adelaide campus Masters, UAC, and Honours; Melbourne campus.

Location: Room 12.14, Nexus 10, Pulteney Street
Telephone: 8313 2056 (work)
Email: george.mihaylov@adelaide.edu.au (preferred contact)

George is the senior lecturer in charge of Quantitative Methods (M) at the University of Adelaide Business School. He completed his PhD in 2015 and also holds degrees in Mathematical and Computer Sciences (Statistics) and Finance (Honours). His PhD research considers several topical areas of household finance including shared appreciation mortgages, self-managed superannuation and succession in family firms. His research has been published in Urban Studies, Journal of Business Research, Applied Economics, Global Finance Journal, International Journal of Managerial Finance, eJournal of Tax Research, and International Review of Financial Analysis. George also has a broad portfolio of consultancies through the International Centre for Financial Services, where he serves as Deputy Director. These include partnerships with ANZ, Rural Bank, HomeStart Finance, SuperConcepts, Australian Taxation Office and the SMSF Association. He has also previously taught portfolio theory and management, banking, risk management and statistics.

Course Timetable

The full timetable of all activities for this course can be accessed from Course Planner.

Melbourne Campus students (only)

Students sitting the Melbourne campus version of this course are expected to attend two 1-hour lectures and one 2-hour tutorial class each week. Tutorials commence in Week 2 and are assessed also beginning in Week 2. Melbourne campus students are asked to refer to their MyUni page for applicable timetable and assessment information.

Course Learning Outcomes

On successful completion of this course, students will be able to:

1. Apply statistical and probability theory to solve problems in context

2. Simulate and analyse the relationship between statistical theory and statistical applications

3. Construct and evaluate confidence intervals and hypothesis tests

4. Generate, critique, and revise regression models to test for complex relationships between variables

University Graduate Attributes

This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:

University Graduate Attribute	Course Learning Outcome(s)
Attribute 1: Deep discipline knowledge and intellectual breadth Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.	1 - 4
Attribute 2: Creative and critical thinking, and problem solving Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.	1 - 4
Attribute 3: Teamwork and communication skills Graduates convey ideas and information effectively to a range of audiences for a variety of purposes and contribute in a positive and collaborative manner to achieving common goals.	4
Attribute 7: Digital capabilities Graduates are well prepared for living, learning and working in a digital society.	4

Learning Resources

Required Resources

Textbook

David P. Doane & Lori E. Seward, Applied Statistics in Business and Economics, 7th ed, McGraw-Hill Irvin.

Recommended Resources

Calculations
This course requires mathematical computation. Although much of it can be handled manually, access to an appropriate calculator is recommended, and the use of calculators during (all) assessments is permitted. If you intend to puchase a calculator, it is recommended that you purchase a graphics calculator.

Online Learning

All students enrolled in the course are in F2F mode. The in-person seminars employ a flipped classroom L&T model. This means that the seminars are supplemented by lecture recordings that are made available to students via MyUni (online only). All students are expected to watch the weekly lecture recording prior to attending their corresponding F2F seminar. The pedagogical philosophy (and advantages) behind this L&T approach will be discussed in the first seminar.
Learning & Teaching Activities

Learning & Teaching Modes

This course offers students a weekly 3-hour F2F seminar. Attendance at all seminars is an important component of student learning in this course and is likely to improve student assessment performance. The communication skills developed in class by regular and active participation in discussions are considered to be most important by the Adelaide Business School and are highly regarded by employers and professional bodies.

Workload

The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

The University expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This means that you are expected to commit approximately 9 hours for a three-unit course or 13 hours for a four-unit course, of private study outside of your regular classes.

Students in this course are expected to attend all seminars.

Learning Activities Summary

Learning Activity Related Learning Outcomes

Seminars 1, 2, 3, 4

The schedule of topics for this course is as follows:

1. Quantitative Methods in Context - statistical objectives, ethics, common pitfalls

2. Data Collection and Summary Statistics – graphical and tabular data presentation, summary statistics, common errors in presentation

3. Probability Theory and Concepts – introduction to marginal, joint and conditional probability theory

4. Probability Distributions – introduction to discrete and continuous probability distributions, standard normal distribution transformation

5. Sampling Distribution and Data Collection through Surveys – sampling error, sample mean distribution, central limit theorem, sampling bias

6. The Concept of Interval Estimation – point estimates, confidence intervals and theory, student’s t distribution

7. Hypothesis Testing and Analysis – hypothesis development, significance and decision making, type 1 and 2 errors, analysis of variance (ANOVA)

8. Simple Regression Analysis – correlation, ordinary least squares, coefficient interpretation, the role of residuals in model development and evaluation, modelling assumptions

9. Multivariate Regression Analysis – model interpretation and evaluation, testing for and correcting heteroscedasticity, residual autocorrelation and multicollinearity, dummy variables

10. Introduction to Time Series Analysis and Forecasting – time series decomposition, qualitative and quantitative forecasting, model development and testing

Specific Course Requirements

Weekly Revision Quizzes

The course provides students with the opportunity to revise the contents for each of the 10 topics on a weekly basis via 5-question formative quizzes. The quizzes are non-graded. They contain fundamental questions relating to basic concepts in each topic and are designed primarily to accomodate student engagement. They are not designed to be difficult and do not reflect the difficulty level of the assessments.

The University's policy on Assessment for Coursework Programs is based on the following four principles:

Assessment must encourage and reinforce learning.
Assessment must enable robust and fair judgements about student performance.
Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
Assessment must maintain academic standards.

Assessment Summary

Assessment Task	Due	Weighting	Learning Outcomes
Mid-semester test	Week 6	15%	1, 2
Major project (groupwork)	Week 13	15%	1, 3, 4
Final exam	Exam week	70%	1, 2, 3, 4
Total		100%

Specific due dates and other details will be published on MyUni closer to the date of each assessment.

Assessment Related Requirements

To gain a pass for this course, a mark of at least 50% overall needs to be obtained. There is no hurdle requirement in order to pass.

The quality of English expression is considered to be an integral part of the assessment process. Marks may be deducted in any assessment because of poor English expression. In particular, it is strongly recommended that you proofread and edit your Major Project submission.

Assessment Detail

TBA via MyUni.

Submission

TBA via MyUni.

Course Grading

Grades for your performance in this course will be awarded in accordance with the following scheme:

M10 (Coursework Mark Scheme)
Grade	Mark	Description
FNS		Fail No Submission
F	1-49	Fail
P	50-64	Pass
C	65-74	Credit
D	75-84	Distinction
HD	85-100	High Distinction
CN		Continuing
NFE		No Formal Examination
RP		Result Pending

Further details of the grades/results can be obtained from Examinations.

Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

Final results for this course will be made available through Access Adelaide.

Student Feedback

The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.

SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
Student Support
Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
Fraud Awareness

Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student’s disciplinary procedures.

The University of Adelaide is committed to regular reviews of the courses and programs it offers to students. The University of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.

Authorised by:	Deputy Vice-Chancellor and Vice-President (Academic)
Maintained by:	Course Outlines Administrator