Our first year junior unit QBUS1030 Business Modelling with Spreadsheets is intended to give you important spreadsheet modelling skills. It will be useful whatever you end up studying, but is not required as a prerequisite for further study in Quantitative Business Analysis.
The key gateway (second year) units are QBUS2310 Management Science and QBUS2810 Statistical Modelling for Business. Not only are these units necessary as a prerequisite to our senior level units, they are also extremely useful in their own right.
Besides its importance for Business Analytics, statistical modelling is fundamental for many of the problems and methods used in other disciplines; e.g. finance (the capital asset pricing, and other market, models), marketing (market research, marketing analytics) and accounting (budget forecasting). In QBUS2810 Statistical Modelling for Business you will learn how to identify and uncover relationships between business variables (e.g. profit, expenditure, customer choices, etc.) and build models to help understand the current business environment and predict the future. The unit is practical and involves using statistical software to analyse real data sets that are relevant to business. Any student considering a major in Finance, Marketing or Accounting will find this unit very helpful, and students considering an Honours year are also likely find this unit useful for their thesis topic; just ask your Honours coordinator.
Those who want to use their quantitative skills in modelling and decision making will benefit from QBUS2310 Management Science. This unit leads on to the third year subject QBUS3310 Advanced Management Science which looks in more depth at optimization methods, and is a natural gateway to our Honours program.
If you are interested in business analytic tools, specifically for analysing the enormous data sets (measured in terabytes) that businesses are collecting and then analysing in Web analytics (e.g. Google analytics) and Marketing analytics, then the unit QBUS3820 Data Mining and Data Analysis is for you. It deals with visualising and understanding the relationships and patterns in data, as a tool to support decisions in a business environment. You will learn about methods that can be used in specific tasks such as credit scoring, prediction and classification, market segmentation and product positioning.
Those with a general interest in how managers make decisions will want to take QBUS2320 Methods of Decision Analysis. Students who want to focus on how businesses operate should consider QBUS2330 Operations Management and the follow-on unit QBUS3320 Supply Chain Management. (The third year unit QBUS2350 Project Planning and Management will not be offered in 2012).
If you are interested in working in the financial services area or have an interest in financial markets or risk management in general, then you may want to consider taking QBUS3810 Business Risk Analysis.
The following gives a link for information on the QBA major, showing its detailed requirements.
Students who first enrolled in their degree prior to 2012 may also consider taking the Operations Management and Decision Sciences major:
The following gives a link for further information on the OMDS major