To provide students with: an introduction to the use of descriptive statistics in economics and financial contexts; a range of quantitative methods that have immediate application in economics and financial settings; the use of Excel as a tool in the problem solving process; and the development of statistical problem solving skills.
1. Introduction to statistics (1.1 1. The nature of statistics, 1.2 2. Frequency distributions and graphical analysis, 1.3 3. Measures of central tendency and dispersion)
2. Introduction to probability (2.1 1. Discrete and continuous probability distributions, 2.2 2. Models for count data and measurement, 2.3 3. The central limit theorem)
3. Statistical modelling and analysis (3.1 1. Confidence intervals with samples from one or two populations, 3.2 2. Hypothesis testing including test statistics for typical situations involving one or two samples, 3.3 3. Association between two variables; correlation, contingency tables and chi-square test for association)
By the end of the course, students should be able to do the following:
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SCQF Level: 8
Credits: 15