ØAMET2200 Business Decision-Making Using Data Emneplan

This course aims to provide students with an understanding of how data and statistical analysis can improve economic, managerial and business decision making. Students will learn how to develop empirical questions, collect and organize relevant quantitative data, apply appropriate statistical methods, and ultimately, make better business and policy decisions. The course will draw on a wide range of business and economic applications, such as finance, advertising, internet retailing, and human resources.

ØAMET1100 or equivalent

No prerequisites.

• Knowledge: The student has
  • A theoretical understanding of quantitative methods for analyzing data
  • An understanding of the role of empirical evidence in evaluating economic, managerial, and business problems
  • An understanding of the strengths and weaknesses of different statistical methods
• Skills: The student can
  • Formulate empirical questions
  • Gather, obtain, and organize quantitative data
  • Conduct statistical analysis using software
  • Interpret statistical results
• General Competence: The student can
  • Think critically and understand the role of assumptions in arguments
  • Communicate effectively about economic, managerial, and business issues
  • Develop a well-organized argument that states assumptions and hypothesis, which are supported by evidence
  • Use and appropriately cite different data sources

Four individual assignments, three of which must be approved before the student can take the exam. Students who fail to meet the coursework requirements can be given up to one re-submission opportunity before the exam.

Type of assessment:

1) Individual written exam (three hours), weighted 60 %

2) Project report prepared in groups of 2-3 students, approx. 20-30 pages, weighted 40 %

All assessment parts must be awarded a pass grade (E or better) in order for the student to pass the course. In the event of a resit or rescheduled exam, oral examination may be used instead. If oral exams are used for resit and rescheduled exams, the result cannot be appealed.

Assessment parts:

1) All printed and written aids and a calculator that cannot be used to communicate with others.

2) All aids are permitted.

A grade scale with grades from A to E for pass (with A being the highest grade and E being the lowest pass grade) and F for fail is used in connection with the final assessment.

MABY4100 Finite Element Method in Structural Analysis, or a course with an equivalent learning outcome.

The exam papers will be assessed by an internal and an external examiner. A selection of at least 25% of the exam papers will be assessed by two examiners. The grades awarded to exam papers assessed by the external and internal examiner will be used to determine the level of all exam papers.