658 Quantitative Methods

658 Quantitative Methods

  •   Study programme and level: University degree programme Administration 1nd Cycle
  • 2nd year
  • 8 ECTS
  • Course type: Core
  • Lectures: 60
  • Tutorial: 30
  • Individual work: 150
  • Lecturer: Srečko Devjak, PhD


1. Objectives and competences


  • uses statistical and other quantitative method’s to solve problems within problem field of public sector economics
  • uses suitable methods that enable analyses of the quantitative phenomena in public sector
  • forecasts and analyses different effects of policies, projects and measures,
  • critically discusses the phenomena and interprets them in the light of the real life situations.

Student is qualified

  • to judge reasonableness of the gained results and suitability of the used methods,
  • to design quantitative models based on the described occurrences and given data defining model parameters that on the transparency way represent and interpret meaning of calculus results,
  • to use of quantitative methods on the different fields of public sector, searching of the understanding and usage of the implementation of new methods that are suitable for the quantitative analysis of the problems in the public sector,
  • to cooperate in the team work needed at the analyses execution and evaluation of the team process work.

2. Content

  • The assessment of coherence of statistical variables
  • Sampling. Big samples. Parameter estimation. Hypothesis testing
  • Financial mathematic
  • Network programme
  • Linear programme
  • Decision trees
  • Matrix calculus and linear program in administration
  • Analyses of the implementation of current tasks
  • Analyses of the implementation of investment tasks
  • Analyses of budgetary process
  • Indicators as the basis for elaborating objectives and performance measuring
  • Models and methods of analyses in administration

3. Readings

  • DEVJAK, Srečko (2008).Kvantitativne metode za analize v upravi. 3. ponatis. Fakulteta za upravo, Ljubljana.
  • LUCEY, Terry (2002).Quantitative Techniques, 6. izdaja (poglavja 1-3 in 16-31). ACCA, London.
  • COOMBS, Hugh Malcolm, JENKINS, David Ellis (2002).Public sector financial management, 3. Izdaja (poglavja 4, 7-9). Chapman&HALL, London.
  • MEŠKO, Ivan (1989).Metode optimiranja I. in II. del (izbrana poglavja do 50 str.). Univerza v Mariboru, Maribor.

4. Intended learning outcomes

Students will:

  • be able to form models and trace model parameters according to the changes in the observed process
  • know to value and describe changes of the gained calculus results
  • be able using quantitative methods for efficiency, economy and effectiveness measurements of services
  • be able to estimate economic results with the cost-benefit analysis of the investment projects
  • be prepared to implement benchmarking analysis

5. Learning and teaching methods

  • lecture
  • practical work
  • seminar paper
  • e-learning

6. Assessment

  • written and/or oral exam (80%)
  • seminar work (project work,  seminar workpaper) and/or oral exam (20%)