EC124: Statistical Techniques B

Jeremy Smith
Module Leader

12/15 CATS - Department of Economics

Spring Module

Principal Aims

12 CATS - To provide the requisite quantitative background for a thorough and rigorous study of economic analysis, econometric methods and applied economics subjects, commensurate with the single honours Economics course. To offer a sufficient challenge for students who enter Warwick with a high grade in A-level mathematics and/or statistics. The module forms part of the first year core cluster EC120 Quantitative Techniques, which is made up of one module in Mathematical Techniques (A (EC121) or B (EC123)), one module in Statistical Techniques (A (EC122) or B (EC124)) as well as Computing and Data Analysis (EC125).
15 CATS - To provide the requisite quantitative background for a thorough and rigorous study of economic analysis, econometric methods and applied economics subjects, commensurate with the single honours Economics course.

To offer a sufficient challenge for students who enter Warwick with a high grade in A-level mathematics and/or statistics

Principal Learning Outcomes

12 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 for the single honours course in economics; and developed further your knowledge of statistical methods and statistical modelling; and generated an awareness 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 for the single honours course in economics; and developed further your knowledge of statistical methods and statistical modelling; and generated an awareness of data and of data handling.

Syllabus

12 CATS - 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.
15 CATS - 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
Optional Core Module: LM1D (LLD2) - Year 1, V7ML - Year 1, L1L8 - Year 1, R9L1 - Year 1, R3L4 - Year 1, R4L1 - Year 1, R2L4 - Year 1, R1L4 - Year 1, V7MM - Year 1
Pre or Co-requisites: 12 CATS - For Economics joint degree course students A-level in Mathematics, or equivalent.
15 CATS - A level Mathematics, or equivalent.
Pre-requisite for: EC203, EC220, EC221, EC226
Restrictions: 12 CATS - This module is restricted to LM1D/LLD2, V7ML and Joint Economics and Modern Language students and L1L8 students on Route B.
15 CATS - This module is restricted to L1L8 students
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 (25%) + 1.5 hour exam (75%)
15 CATS - Coursework (30%) + 1.5 hour exam (70%)
Coursework Details: 12 CATS - Two 50 min tests (worth 12.5% each)
15 CATS - Two 50 min tests tests (10% each), 1200 word statistical project (10%)
Exam Timing: May/June

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.