ECON10005 Quantitative Methods 1
University of Melbourne · Level 1 · 12.5 points · Runs in 2026: Summer, Semester 1, Semester 2.
- Final exam 50%
- 10% group work
Is ECON10005 hard?
ECON10005: Easier. Not counted by Bachelor of Science, so it isn't on its lists. Makes it easier: Reviewers say it’s manageable (10 reviews), First-year subject. Makes it harder: You must pass the exam on its own.
What you learn
Basic statistics for business and economics: describing data, probability, testing ideas and regression.
After it you can
- Graph and summarise data in Excel
- Estimate values and test hypotheses
- Run a simple regression
What you need first
a VCE Mathematical Methods study score of 25 or more (or equivalent) or MAST10012
What it leads to
- BUSA20001 Visualisation and Data Wrangling
- COMP20007 Design of Algorithms
- ECOM20001 Econometrics 1
- ECON20003 Quantitative Methods 2
- ECON20014 Seminar in Economics and Commerce A
- FNCE30015 Behavioural Finance
- MGMT20005 Business Decision Analysis
Can’t be taken together with
How it’s assessed
Assignments 10%, Tests 15%, Quizzes 10%, Participation 15%, Final exam 50%
Student reviews and ratings
Summarised from 10 students on StudentVIP (2017–2023)
- Most reviewers found it an easy-to-moderate intro to statistics; an H1 is reachable with steady work, and Year 12 maths helps but is not essential.
- Content is basic and surface-level but useful for later commerce and research-methods subjects.
- Most found it well run, with clear lectures and tutorials; a few found the material dry or unclear.
A summary of public reviews, not scored here.
Taken this subject? Rate it anonymously (difficulty, workload, marking, would you recommend it) and leave a tip for next year's students. Rate ECON10005
Quick answers
- When is ECON10005 offered?
- Runs in 2026: Summer, Semester 1, Semester 2.
- What do I need before taking ECON10005?
- Needs a VCE Mathematical Methods study score of 25 or more (or equivalent) or MAST10012.
- Does ECON10005 have a final exam?
- Yes, the final exam is 50% of the mark. You must pass the exam on its own. Assessment: Assignments 10%, Tests 15%, Quizzes 10%, Participation 15%, Final exam 50%.
- Is ECON10005 hard?
- From 10 student reviews on StudentVIP: Most reviewers found it an easy-to-moderate intro to statistics; an H1 is reachable with steady work, and Year 12 maths helps but is not essential.
- What do students say about ECON10005?
- Most reviewers found it an easy-to-moderate intro to statistics; an H1 is reachable with steady work, and Year 12 maths helps but is not essential. Content is basic and surface-level but useful for later commerce and research-methods subjects. Most found it well run, with clear lectures and tutorials; a few found the material dry or unclear.
- Can I take ECON10005 as breadth?
- Yes, for: Bachelor of Arts, Bachelor of Design, Bachelor of Fine Arts (Acting), Bachelor of Fine Arts (Animation), Bachelor of Fine Arts (Dance), Bachelor of Fine Arts (Film and Television), Bachelor of Fine Arts (Music Theatre), Bachelor of Fine Arts (Production), Bachelor of Fine Arts (Screenwriting), Bachelor of Fine Arts (Theatre), Bachelor of Fine Arts (Visual Art), Bachelor of Music.
- What can I take after ECON10005?
- 7 subjects need it first, for example BUSA20001, COMP20007, ECOM20001, ECON20003.
- Can I rate ECON10005?
- Yes. If you've taken it, rate it anonymously on this page (difficulty, workload, marking, would you recommend it) and leave a tip for next year's students. Averages show once 3 students have rated it; tips are checked before they appear.
Source: University of Melbourne Handbook 2026
Always confirm in the official Handbook.
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