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Statistics for Economists

Statistics for Economists

Subject Area
Course Number
ECON 103 910
Course Code
ECON103910
Course Key
66067
Day(s)
Monday
Tuesday
Wednesday
Thursday
Friday
Time
9:00am-10:45am
9:00am-10:45am
9:00am-10:45am
9:00am-10:45am
9:00am-10:45am
Instructor
Prerequisites
ECON 001, 002, or ECON 010; MATH 104, 114 or MATH 115
Primary Program
Course Note
Intended primarily for economics majors. ECON 103 cannot be taken by any student who has already completed Statistics at least at the level of STAT 430 (including the sequence STAT 430 and 431). Such students must take an additional 200-level course to satisfy course requirements of the major.
Course Description
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.
Subject Area Vocab