Statistics for Economists

The course focuses on elementary probability and inferential statistical techniques. The course begins with a survey of basic descriptive statistics and data sources and then covers elementary probability theory, sampling, estimation, hypothesis testing, correlation, and regression. The course focuses on practical issues involved in the substantive interpretation of economic data using the techniques of statistical inference. For this reason empirical case studies that apply the techniques to real-life data are stressed and discussed throughout the course, and students are required to perform several statistical analyses of their own.
Prerequisites: ECON 0100 and 0200, [MATH 1400 or 1070] and [MATH 1410 or 1510 or 1080] *Students may NOT take ECON 2300 if they have completed the STAT 4300/4310 or ESE 3010/4020 sequence.