ES12010: Statistics for economics
[Page last updated: 23 October 2023]
| Academic Year: | 2023/24 |
| Owning Department/School: | Department of Economics |
| Credits: | 5 [equivalent to 10 CATS credits] |
| Notional Study Hours: | 100 |
| Level: | Certificate (FHEQ level 4) |
| Period: |
- Semester 2
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| Assessment Summary: | EXCB 100% |
| Assessment Detail: |
- Unseen written exam (EXCB 100%)
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| Supplementary Assessment: |
- Like-for-like reassessment (where allowed by programme regulations)
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| Requisites: |
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| Learning Outcomes: |
By the end of this unit students should be able to:
- Characterization of random variables by the probability distribution and its properties
- Understand the concepts of statistical estimators and their sampling distributions
- Calculate point and interval estimates for population mean and variances
- Explain and assess the properties of estimators (bias and efficiency)
- Conduct hypothesis tests and interpret the results.
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| Synopsis: | You will gain statistical knowledge fundamental to understanding of applied economic topics (i.e. testing of micro and macro models) and experience in analysis of data and a fuller understanding of probability and statistical inference techniques.
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| Content: | Calculus and optimisation in economics; linear algebra; solution of linear systems of equations; integral calculus; eigenvalues and eigenvectors.
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| Course availability: |
ES12010 is Compulsory on the following courses:
Department of Economics
- UHES-AFB11 : BSc(Hons) Economics with Politics (Year 1)
- UHES-AKB11 : BSc(Hons) Economics with Politics with professional placement (Year 1)
- UHES-AKB11 : BSc(Hons) Economics with Politics with professional placement and study abroad (Year 1)
- UHES-AKB11 : BSc(Hons) Economics with Politics with study abroad (Year 1)
School of Management
- UMMN-AFB10 : BSc(Hons) Accounting and Finance (Year 1)
- UMMN-AKB10 : BSc(Hons) Accounting and Finance with work placement (Year 1)
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Notes: - This unit catalogue is applicable for the 2023/24 academic year only. Students continuing their studies into 2024/25 and beyond should not assume that this unit will be available in future years in the format displayed here for 2023/24.
- Courses and units are subject to change in accordance with normal University procedures.
- Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
- Find out more about these and other important University terms and conditions here.
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