THE UNIVERSITY OF MELBOURNE 
ECON10005: Quantitative Methods 1 
Final Examination Guide and Notes 2026 
 
Part 01. Topic Summary and Exam Tips 
Part 02. Practice Exam Questions and Answers 
Part 03. Sample Final Examination Paper 
Part 04. Suggested Solutions to Final Exam Paper 
 
The 24/7 Online Support You Deserve
Need to reach out to us with questions or for help? You'll connect with a private tutor who is extremely passionate about the subject, ready to provide assistance and ensure that you're on the right track to graduating.
 
Looking for additional study resources?
Explore the most up-to-date revision notes and exam guides available for students at the University of Melbourne

University of Melbourne - ECON10005: Quantitative Methods 1 (Solutions)

$35.00

ACADEMIC YEAR 2025 - 2026

University	University of Melbourne
Study Level	Undergraduate
Subject Code	ECON10005
Subject Name	Quantitative Methods 1
Notes Title	Final Examination Guide and Notes
Format	PDF
Page Length	59

A comprehensive and easy-to-understand set of notes covering all lecture content and examinable topics for ECON10005: Quantitative Methods 1 at the University of Melbourne. These colour-coded notes are organised in an understandable way. They offer vital information about exam format, what will be on the exam, and key concepts you should focus your studies on. Concepts and principles are not simply named or described in passing but are described thoroughly. You can use these notes as a reference, to understand the topics better and improve your grades in the final examination!

This subject develops skills in descriptive and inferential statistical analysis that underpin data-informed decision-making in the various specializations within the faculty. It provides a foundation for all second-year quantitative subjects in the commerce degree. The topics covered include describing data visually and numerically; probability and probability distributions for discrete and continuous random variables; sampling distributions and estimation; hypothesis testing for one and two samples, and simple regression. Practical examples are drawn from economics, management, marketing, accounting, and finance. Students will gain experience in the use of Excel to visualise and communicate key features of data, and in the use of data to inform decisions made in business and economics.

✔ On completion of this subject, students should be able to:

Graph economic data using methods that facilitate analysis.
Explain concepts relevant for summarising and interpreting data.
Explain how the concepts of random variables and probability distributions are useful for drawing inferences.
Explain the concepts of population, samples and sampling distributions.
Estimate unknown population quantities and test hypotheses about them.
Conduct simple regression analysis to model the relationship between variables and draw inferences about relationships.
Apply common analytical techniques relevant for financial decision making.

SUBJECT CODE	SUBJECT NAME
ACCT10001	Accounting Reports and Analysis
ACCT10002	Introductory Financial Accounting
ACCT20001	Accounting for Management Decisions
ECOM20001	Econometrics 1
ECOM30001	Basic Econometrics
ECOM30002	Econometrics 2
ECON10003	Introductory Macroeconomics
ECON10004	Introductory Microeconomics
ECON10005	Quantitative Methods 1
ECON20002	Intermediate Microeconomics
ECON20003	Quantitative Methods 2
FNCE20005	Corporate Financial Decision Making
FNCE30001	Investments
FNCE30007	Derivative Securities
FNCE40001	Advanced Corporate Finance
MAST10010	Data Analysis
MAST20005	Statistics

University of Melbourne - ECON10005: Quantitative Methods 1 (Solutions)

INFORMATION

SUBJECT DESCRIPTION

RELATED SUBJECTS