University of Sydney Handbooks - 2019 Archive

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Table of postgraduate units of study: Commerce

The information below details the unit of study descriptions for the units listed in the Table of postgraduate units of study: Commerce.

Timetabling information for the current year is available on the Business School website. Students should note that units of study are run subject to demand.

Achievement of a specialisation in Business Analytics requires 30 credit points from this table comprising:
(i) 6 credit points in foundational units of study
(ii) 24 credit points in elective units of study.

Units of study for the specialisation

Foundational unit of study

Credit points: 6 Session: Semester 1,Semester 2 Classes: 1x 3hr lecture and 1x 1hr tutorial per week Prohibitions: ECMT5001 or QBUS5002 Assumed knowledge: Basic calculus; basic concepts of probability & statistics Assessment: weekly homework (10%), assignment (20%), mid-semester exam (30%), final exam (40%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit highlights the importance of statistical methods and tools for today's managers and analysts, and demonstrates how to apply these methods to business problems using real-world data. The quantitative skills that students learn in this unit are useful in all areas of business. Through taking this unit students learn how to model and analyse the relationships within business data; how to identify the appropriate statistical technique in different business environments; how to compute statistics by hand and using special purpose software; how to interpret results in the context of the business problem; and how to forecast using business data. The unit is taught through data-driven examples, exercises and business case studies.

Elective units of study

Credit points: 6 Session: Semester 2 Classes: 1 x 3hr class per week Prerequisites: ECMT5001 or QBUS5001 or QBUS5002 Prohibitions: ECMT6008 Assessment: group assignment (20%), individual Assignment 1 (10%), individual Assignment 2 (10%), individual Assignment 3 (10%), final exam (50%) Mode of delivery: Normal (lecture/lab/tutorial) day
Business operations are the activities that businesses carry out to create value. This unit provides the models needed to analyse business operations of a company or organisation and make management decisions on operational issues. It covers business operations in both manufacturing and service industries, looking at processes, supply chains and quality issues. Topics covered may include the modelling of manufacturing operations and related group technologies, the modelling of financial service operations (e.g. brokerage operations), and the operations implications of internet technologies.
QBUS6320 Management Decision Making

Credit points: 6 Session: Semester 1 Classes: 3hrs of classes (lecture/tutorial) per week Prerequisites: QBUS5001 or QBUS5002 Assumed knowledge: Basic Algebra, Probability, and Statistics Assessment: assignment 1 (25%), assignment 2 (25%), final exam (50%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit introduces models and tools for decision analysis and their application in managerial settings. The unit focuses on the use of formal decision methods for management decisions in business. The main goal is to show how these decision models can improve the decision process by helping the decision maker to understand the structure of decisions; use subjective probabilities for measuring risk; analyse sensitivity of decisions to changing decision parameters; quantify outcomes in accordance with risk attitudes; and estimate the value of information. Special attention is paid to informal interpretations of formal decision approaches.
QBUS6810 Statistical Learning and Data Mining

Credit points: 6 Session: Semester 1,Semester 2 Classes: 1x 2hr lecture and 1x 1hr tutorial per week Prerequisites: ECMT5001 or QBUS5001 Assessment: group project (30%); online quizzes (20%); final exam (50%) Mode of delivery: Normal (lecture/lab/tutorial) day
It is now common for businesses to have access to very rich information data sets, often generated automatically as a by-product of the main institutional activity of a firm or business unit. Data Mining deals with inferring and validating patterns, structures and relationships in data, as a tool to support decisions in the business environment. This unit offers an insight into the main statistical methodologies for the visualization and the analysis of business and market data. It provides the tools necessary to extract information required for specific tasks such as credit scoring, prediction and classification, market segmentation and product positioning. Emphasis is given to business applications of data mining using modern software tools.

Credit points: 6 Session: Semester 2 Classes: 1x 2hr class per week plus 1 x 1hr tutorial Prerequisites: ECMT5001 or QBUS5001 Assumed knowledge: Knowledge of basic probability theory and familiarity with spreadsheet modelling Assessment: measuring risk assignment (15%); mid-semester exam (25%); stochastic optimisation assignment (15%); final exam (45%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit provides the basic knowledge and tools needed to understand and manage risk. It includes business cases to illustrate the nature of risk and risk management strategies. The main focus is on quantitative approaches to analysing risk through understanding the probability distributions involved. Topics covered include: Value at Risk calculations; Utility theory for decisions; Prospect theory for decisions under risk; Extreme value theory; Monte-Carlo simulation; Stochastic optimization; Robust optimization; Credit scoring; Real options.
QBUS6830 Financial Time Series and Forecasting

Credit points: 6 Session: Semester 1,Semester 2 Classes: 1 x 2hr lecture and 1 x 1hr tutorial Prerequisites: ECMT5001 or QBUS5001 Assumed knowledge: Basic knowledge of quantitative methods including statistics, basic probability theory, and introductory regression analysis. Assessment: Mid-semester exam (20%), group assignment (40%), and final exam (40%) Mode of delivery: Normal (lecture/lab/tutorial) day
Time series and statistical modelling is a fundamental component of the theory and practice of modern financial asset pricing as well as financial risk measurement and management. Further, forecasting is a required component of financial and investment decision making. This unit provides an introduction to the time series models used for the analysis of data arising in financial markets. It then considers methods for forecasting, testing and sensitivity analyses, in the context of these models. Topics include: the properties of financial return data; the Capital Asset Pricing Model (CAPM); financial return factor models, with known and unknown factors, in panel data settings; modelling and forecasting conditional volatility, via ARCH and GARCH; forecasting market risk measures such as Value at Risk. Emphasis is placed on applications involving the analysis of many real market datasets. Students are encouraged to undertake hands-on analysis using an appropriate computing package.
QBUS6840 Predictive Analytics

Credit points: 6 Session: Semester 1,Semester 2 Classes: 1 x 2hr lecture and 1 x 1hr tutorial Prerequisites: QBUS5001 or ECMT5001 Assessment: group assignment (30%), homework (15%), mid-semester exam (20%), final exam (35%) Mode of delivery: Normal (lecture/lab/tutorial) day
To be effective in a competitive business environment, a business analyst needs to be able to use predictive analytics to translate information into decisions and to convert information about past performance into reliable forecasts. An effective analyst also should be able to identify the analytical tools and data structures to anticipate market trends. In this unit, students gain skills required to succeed in today's highly analytical and data-driven economy. The unit introduces the basics of data management, business forecasting, decision trees, logistic regression, and predictive modelling. The unit features corporate case studies and hands-on exercises to demonstrate the concepts presented.