BX3032 - Advanced Business Modelling

Credit points:	03
Year:	2013
Student Contribution Band:	Band 3
Administered by:	School of Business

Subject to the prescribed prerequisite subjects having been completed, there are no restrictions on enrolment in this subject.

This subject addresses advanced concepts in business modelling to enhance decision making in organisational contexts. Students will be required to develop further the knowledge and skills gained in the subject, BX2016 (Business Modelling). Topics will include development of advanced software-based business models and the interpretation and evaluation of model results both from a user and a builder's point of view. Excel will be the primary application software used to build these decision models. The focus will be on solving advanced decision problems requiring prior knowledge of the fundamentals for accounting and finance.

Learning Outcomes

• to demonstrate critical understanding of the theoretical and empirical literature on business modelling;
• to be able to recognise, structure and formulate solutions to complex business problems;
• to be able to design, build and test computer-based models for planning, decision making and control of business problems;
• to be able to interpret model results (both from a builder and an user perspective) to assess their goodness-of-fit to decision criteria, and/or make recommendations for adoption by the appropriate stakeholders;
• to be able to integrate the knowledge of MS excel and other application software with the knowledge of accounting and finance.

Graduate Qualities

• The ability to adapt knowledge to new situations;
• The ability to define and to solve problems in at least one discipline area;
• The ability to think critically, to analyse and evaluate claims, evidence and arguments, and to reason and deploy evidence clearly and logically;
• The ability to deploy critically evaluated information to practical ends;
• The ability to find and access information using appropriate media and technologies;
• The ability to evaluate that information;
• An understanding of the economic, legal, ethical, social and cultural issues involved in the use of information;
• The acquisition of coherent and disciplined sets of skills, knowledge, values and professional ethics from at least one discipline area;
• The ability to reflect on and evaluate learning, and to learn independently in a self directed manner;
• The ability to read complex and demanding texts accurately, critically and insightfully;
• The ability to speak and write clearly, coherently and creatively;
• The ability to generate, calculate, interpret and communicate numerical information in ways appropriate to a given discipline or discourse;
• The ability to communicate effectively with a range of audiences;
• The ability to work individually and independently;
• The ability to select and use appropriate tools and technologies;
• The ability to use online technologies effectively and ethically.

Prerequisites:	((BX2016 OR BU2006 OR CO2815 OR CO3105) AND (CO2611 OR BU2004 OR BX2014 )) OR BX3025 OR EC2100
Inadmissible Subject Combinations:	CO3815

Availabilities
Townsville, Internal, Study Period 1
Census Date 28-Mar-2013
Coord/Lect:	Ms Karen Ness.
Contact hours:	39 hours lectures - Lecture/Workshop 12 hours tutorials
Assessment:	end of semester exam (50%); quizzes or tests (25%); assignments (25%).
Special Assessment Requirements:	Each student must achieve an overall total of 50% or greater for all invigilated assessment.

Note: Minor variations might occur due to the continuous Subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.