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BAEcon Economics and Social Statistics / Course details

Year of entry: 2021

Course unit details:Advanced Statistics

Unit code ECON10072 10 Level 1 Semester 2 Economics Yes

Overview

Introduction to fundamental methods of statistics, which are the basis of techniques widely used in the analysis of economic and social data. The module is designed for students who have Maths A-Level or equivalent.

Pre/co-requisites

Unit title Unit code Requirement type Description
Adv Maths - BAEcon & BSc Econ ECON10071 Pre-Requisite Compulsory
Co-requisites: ECON10071

Aims

Introduction to fundamental methods of statistics, which are the basis of techniques widely used in the analysis of economic and social data. The course is designed for students who have Maths A-Level or equivalent.

Learning outcomes

Students should be able to

i) construct and understand essential descriptive statistics for sample data (means, variances, correlations, regression coefficients),

ii) manipulate conditional and unconditional probability,

iii) obtain and manipulate probabilities from important statistical distributions (including the Binomial, Normal and Student-t),

iv) understand and use key statistical concepts,

v) construct and interpret confidence intervals for population means and proportions,

vi) carry out and interpret simple hypothesis tests of relevance in the social sciences.

2020 Syllabus

The module’s notes  are headed as follows:

1. Introduction and Descriptive Statistics,

2. Probability and Discrete Random Variables (means and variances),

3. Continuous Random Variables (means, variances, Normal distribution),

4. Expectations and Combinations of Variables (means, variances, covariances, correlation, independence),

5. Sampling Distributions (sample mean and proportion),

6. Hypothesis Testing (sample means and proportions, large sample tests),

7. More Statistical Inference (confidence intervals, p-values)

Teaching and learning methods

Lectures and exercise classes.

Employability skills

Analytical skills
Synthesis and analysis of data and information.
Problem solving
Other
Numeracy. Time Management.

Assessment methods

10% Open Assessment Coursework(s)

90% Final Exam. Format TBD

The criteria used by Economics in the assessment of examinations and coursework can be found on the UG Intranet in your programme handbook (BSc Economics, BA(ECON)

Feedback methods

• Weekly exercise classes.
• Online quizzes.
• PASS groups.
• Office hours.

All students are expected to download the detailed module notes. These form the basis of the lecture and tutorial material.

Many introductory statistics books cover the material in the module. Multiple copies of the following texts are available in the Main and Precinct Centre libraries:

Newbold, Carlson and Thorne (2009), Statistics for Business and Economics ,

Wonnacott and Wonnacott (1990), Introductory Statistics for Business and Economics

Study hours

Independent study hours
Independent study 0

Teaching staff

Staff member Role
Simon Peters Unit coordinator