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Economics

EC124: Statistical Techniques B

Jeremy Smith

Module Leader

Total students will not give an accurate representation of student numbers until module registration is complete

630total
students
20total
lecture hours
8total
seminars
28total
contact hours
15 CATS - Department of Economics
Summer Module
Spring Module

Principal Aims

This module provides students with a thorough understanding in basic principles of statistics. You will gain an understanding of probability theory, calculating moments of univariate and multivariate distributions (including some commonly used special distributions), hypothesis testing and confidence intervals. You will gain an understanding of

how programme within the statistical package, thereby enabling the presentation of statistical data in a

meaningful way (tables, graphs), how to develop hypothesis tests from the data.

Principal Learning Outcomes

have acquired the statistical techniques necessary to study core and optional first and second year modules in economics;

develop further your knowledge of statistical methods and statistical modelling

have gained an awareness of data and of data handling through the use of statistical software.

Syllabus

The module will typically cover the following topics:

Descriptive statistics; Probability; Discrete random variables; Binomial and Poisson distributions; Bivariate distributions; covariance and correlation; Continuous random variables; uniform and normal distributions; Limit theorems; Sampling and sampling distributions; Hypothesis testing and confidence intervals; Non-parametric testing.

Context

Core Module
L100 - Year 1, L116 - Year 1, R2L4 - Year 1
Optional Core Module
R9L1 - Year 1, R3L4 - Year 1, R4L1 - Year 1, R1L4 - Year 1, L1L8 - Year 1, V7ML - Year 1, LM1D (LLD2) - Year 1
Optional Module
V7ML - Year 1, LM1D (LLD2) - Year 1, LA99 - Year 1
Pre or Co-requisites
A level Mathematics, or equivalent.

Assessment

Assessment Method
Coursework (40%) + In-person Examination (60%)
Coursework Details
1200 word Statistical Project (20%) , 5 x problem sets (10%) , In-person Examination (60%) , Test (10%)
Exam Timing
Summer

Exam Rubric

Time Allowed: 2 Hours

Read all instructions carefully - and read through the entire paper at least once before you start entering your answer.

There are TWO sections in this paper. Answer ALL TEN questions in Section A (40 marks in total) and ALL FOUR questions in Section B (60 marks in total).

Answer each whole question in a separate booklet.

Approved scientific (non-graphical) pocket calculators are allowed.

Previous exam papers can be found in the University’s past papers archive. Please note that previous exam papers may not have operated under the same exam rubric or assessment weightings as those for the current academic year. The content of past papers may also be different.

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