Statistics for Economics

Learning Outcomes

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• Identify common problems which may affect regression analyses
• Identify the statistical concepts in questions about economic models
• Manipulate the probability models that are most widely used in economics, and apply them correctly and carry out the appropriate statistical analysis
• Use graphical and numerical methods to calculate and illustrate descriptive statistics

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

• The basic concepts of probability and Bayes Theorem
• Identifying the appropriate regression model to apply to an economic dataset

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• Use Excel to make basic statistical calculations and critically evaluate the basis for these calculations;

1. Describing data

2. Probability

3. Discrete Random Variables

4. Continuous Random Variables

5. Sampling

6. Estimation

7. Hypothesis Testing

8. Simple Regression

9. Multiple Regression

The course is based on lectures and tutorials, and students may also use interactive online resources listed on Blackboard..

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.