Studying online

There are now 2 possible online modes for units:

Units with modes Online timetabled and Online flexible are available for any student to self-enrol and study online.

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Unit Overview


This unit provides Accounting and Finance students with a background of various statistical techniques used in addressing financial decisions. The unit covers probability theory, regression and time series analyses with emphasis on practical rather than theoretical aspects. Applications to financial modelling include optimal portfolio, portfolio management and asset pricing.

6 points
(see Timetable)
Semester 1UWA (Perth)Face to face
Details for undergraduate courses
  • Level 2 core unit in the Financial Economics major sequence
  • Level 2 option in the Economics; Finance; Business Analytics major sequences
  • Level 2 elective

Students are able to (1) apply the concept of distributions of a random variable; (2) explain different types of distributions such as Normal, Bernoulli, Exponential, Log-normal and Uniform; (3) structure and test hypotheses; (4) apply regression and time series techniques to analyse simulate/generate and analyse data based on statistical tools such as regression analysis; (5) identify and understand the properties of commonly used time series models; (6) apply regression and time series analyses to dynamic global financial markets such as options and portfolios; and (7) demonstrate ability to work in a team and to provide constructive feedback.


Indicative assessments in this unit are as follows: (1) quiz; (2) group assignment; and (3) examination. Further information is available in the unit outline.

Student may be offered supplementary assessment in this unit if they meet the eligibility criteria.

Unit Coordinator(s)
Yihui Lan
Unit rules
STAT1520 Economic and Business Statistics or equivalent
or STAX1520 Economic and Business Statistics
FINA1221 Introduction to Finance or equivalent
or FINX1221 Introduction to Finance or equivalent
Contact hours
lectures/tutorials/seminars/workshops: up to 3 hours per week
  • The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
  • All students are responsible for identifying when they need assistance to improve their academic learning, research, English language and numeracy skills; seeking out the services and resources available to help them; and applying what they learn. Students are encouraged to register for free online support through GETSmart; to help themselves to the extensive range of resources on UWA's STUDYSmarter website; and to participate in WRITESmart and (ma+hs)Smart drop-ins and workshops.
  • Unit readings, including any essential textbooks, are listed in the unit outline for each unit, one week prior the commencement of study. The unit outline will be available via the LMS and the UWA Handbook one week prior the commencement of study. Reading lists and essential textbooks are subject to change each semester. Information on essential textbooks will also be made available on the Essential Textbooks. This website is updated regularly in the lead up to semester so content may change. It is recommended that students purchase essential textbooks for convenience due to the frequency with which they will be required during the unit. A limited number of textbooks will be made available from the Library in print and will also be made available online wherever possible. Essential textbooks can be purchased from the commercial vendors to secure the best deal. The Student Guild can provide assistance on where to purchase books if required. Books can be purchased second hand at the Guild Secondhand bookshop (second floor, Guild Village), which is located on campus.
  • Contact hours provide an indication of the type and extent of in-class activities this unit may contain. The total amount of student work (including contact hours, assessment time, and self-study) will approximate 150 hours per 6 credit points.