ETC1000 Business and Economics Statistics
Difficulty:
Year Completed: Semester 1, 2023
Prerequisite: N/A
Exemption: N/A
Mean Setu Score: 69.12%
Clarity of Learning Outcomes: 76.00%
Clarity of Assessments: 65.00%
Feedback: 48.00%
Resources: 74.00%
Engagement: 83.00%
Satisfaction: 68.69%
Subject Content:
Lecture(s) and Tutorial(s):
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Assessments:
The topics covered in this unit can be summarized as follows:
Basics of Excel: This included learning how to create various types of charts like pie charts and bar charts, among other Excel functionalities.
Linear Regression: The unit delved into the fundamentals of linear regression, both in the context of bivariate and multiple regressions.
Calculating Confidence Intervals and Hypothesis Testing.
1 x 1 hour pre-recorded lecture (video)
1 x 1 hour tutorial
No specific textbook was recommended or required. Instead, the course materials were provided through lecture notes that corresponded to the content covered in the video lectures by the Chief Examiner (CE).
In-class quizzes: 24%
Mid-semester test: 16%
Assignment: 20% (Video presentation for 15 minutes recorded by Zoom)
Exam: 40%
Comments
This unit serves as the groundwork for several concepts introduced in subsequent econometric courses, which adds an intriguing dimension to the subject matter.
In this unit, there were no traditional lectures. Instead, the Chief Examiner (CE) recorded videos covering the course content and uploaded them to Moodle. These videos typically took around an hour to complete each week.
Despite 24% being allocated to tutorial questions, these can be considered tutorial participation marks. During the quizzes, students were allowed to collaborate with anyone and seek assistance from the TAs if they encountered significant difficulties. However, it was crucial to review videos related to the content beforehand; otherwise, your time in the tutorial may be unproductive as no theoretical material is covered.
The mid-semester test primarily evaluates your familiarity with Excel and its various functions covered in class. To prepare for this test, it's essential to understand how to create each of the graphs discussed in the unit. The practice mid-semester test closely resembles the actual test in terms of the types and difficulty of questions. As this test is conducted quite early in the semester, minimal theoretical knowledge is required. Most of the extended response questions are basic in nature, focusing on interpreting data.
Regarding the project, selecting the right group is crucial for success. Proofreading your group members' work is important, as individuals may have different interpretations of the assignment questions.
The exam itself doesn't require Excel skills as Excel outputs are provided in each question, and you're assessed on your ability to interpret the information from these outputs. Many students, may have underperformed in the exam due to excessive focus on calculations and recreating Excel outputs. The exam mainly consists of analyzing information provided in the questions and proposing potential solutions or responses. Actual calculation questions are infrequent in the final exam, indicating that they are not the primary focus of the exam. It's also mentioned that exams from previous years may not accurately reflect the content and format of the actual exam in 2023.
The key to success in this unit lies in your ability to effectively interpret the data presented in questions. Therefore, I cannot emphasize enough the importance of being proficient in crafting extended response answers that analyze and interpret information.
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Concluding Remarks