Statistics for Economists 2

Module code: EC1009

Module co-ordinator: Dr Barbara Roberts

Decision makers and policy makers require information about society, businesses and the economy to make informed decisions at different levels. This information often takes a numerical form, with data quantifying different areas of economic activity. Statistics provides the tools for collecting, summarising, presenting and analysing data to facilitate more effective decision making.

In this module you will gain further skills in using a range of tools and techniques for data analysis. The problem solving exercises involve identifying a suitable technique, carrying out necessary calculations, interpreting the results and discussing the implications for decision making. The ability to select the right method for the problem to be investigated and the type of data available is an essential skill that you will put into practise in the data analysis project, leading to the production of a concise report.

Topics covered

  • Estimation and hypothesis testing
  • Analysis of variance
  • Simple non-parametric tests
  • IT for the manipulation, presentation and analysis of data

Learning

  • 20 one hour lectures
  • 10 one hour computer classes
  • 5 one hour tutorials

Assessment

  • Data analysis report (20%)
  • Exam, 2 hours (80%)