ECON*2740 - Economic Statistics
Course Description
This course is designed to prepare students conceptually and mathematically for ECON*2560/FIN*2000: Theory of Finance and ECON*3740: Introduction to Econometrics. Topics include the summation operator, descriptive statistics, frequency distributions, probability and statistical independence, the binomial distribution, algebra of the expectation operator, discrete bivariate distributions, covariance, variance of a linear function of random variables, the normal and t distributions, sampling distributions, point and interval estimation, hypothesis testing and an introduction to ordinary least squares. Additional topics may be included at the instructor's discretion. Examples and assignment questions are drawn from economics and finance.
What You'll Learn
By the end of the course, the learner should be able to:
- Conduct basic data analysis using statistical and econometric methods
- Solve analytical problems in probability and statistics using appropriate mathematical techniques
- Apply statistical problem-solving methods to real-world scenarios involving the evaluation of statistical claims, differences between groups, and the effectiveness of programs and policies through hypothesis testing in various applied contexts involving random assignment
- Demonstrate proficiency in specialized mathematical methodologies used in probability and statistics, such as the calculation of probabilities and statistics and the manipulation of expectations and statistical operators
- Communicate results from probability and statistical models using appropriate terminology and logic
- Clearly differentiate between chance correlations, significant correlations, and causation
- Use software tools to practice and reinforce statistical and mathematical problem-solving skills
Additional Requirements
Pre-requisite(s): ECON*1100, (ECON*1050, or FARE*1040), (1 of MATH*1000, MATH*1030, MATH*1050, MATH*1080, MATH*1200)
Note:
Additional Technical Requirements
This course will use the following:
- Mobius tool for assignments
- Respondus tool to invigilate one or more exams
Please view the Technical Considerations.
Technical Requirements
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*Course details are subject to change.