EC124: Statistical Techniques B

Jeremy Smith
Module Leader

12/15 CATS - Department of Economics

Summer 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 skills and techniques for analysing data.

Principal Learning Outcomes

12 CATS

Students will acquire the tools of quantitative methods necessary to study core and optional first and second year modules in economics.

Students will develop further their techniques of statistical methods and statistical modelling.

Students will generate an awareness and analysis of data and of data handling.

15 CATS

By the end of this module you will have acquired the statistical techniques necessary to study core and optional first and second year modules in economics; and developed further your knowledge of statistical methods and statistical modelling; and generated an awareness of data and of data handling

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, R3L4 - Year 1, V7ML - Year 1, R9L1 - Year 1, R4L1 - Year 1, R2L4 - Year 1, R1L4 - Year 1
Optional Core Module: L1L8 - Year 1, V7ML - Year 1
Optional Module: V7ML - Year 1, LM1D (LLD2) - Year 1, LA99 - Year 1
Pre or Co-requisites: A level Mathematics, or equivalent.
Part-year Availability for Visiting Students: 12 CATS - Available in the Spring term only (2 x test - 9.6 CATS) and in the Spring and Summer terms together (2 x tests and 1 x 1.5 hour exam – 12 CATS) 15 CATS - Not available on a part-year basis

Assessment

Assessment Method: 12 CATS - Coursework (30%) + 1.5-hour examination (Summer) (70%) 15 CATS - Coursework (40%) + 1.5 hour examination (Summer) (60%)
Coursework Details: 12 CATS - Test 1 (12%), Test 2 (12%), Set of 6 problem sets (6%), 1.5-hour examination (Summer) (70%) 15 CATS - Test 1 (12%), Test 2 (12%), 1200 word Statistical Project (10%), 6 x problem sets (6%), 1.5 hour examination (Summer) (60%)
Exam Timing: N/A

Exam Rubric

12 CATS - Time Allowed: 1.5 Hours, plus 15 minutes reading time during which notes may be made (on the question paper) BUT NO ANSWERS MAY BE BEGUN.

Answer ALL SEVEN questions. Answer questions 1-4 in one booklet and questions 5-7 in a separate booklet

Approved pocket calculators are allowed. Statistical tables and a formula sheet are provided.

Read carefully the instructions on the answer book provided and make sure that the particulars required are entered on each answer book.

15 CATS - Time Allowed: 1.5 Hours, plus 15 minutes reading time during which notes may be made (on the question paper) BUT NO ANSWERS MAY BE BEGUN.