Statistics for Economics

Learning Outcomes

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• Identify the statistical concepts in questions about economic models
• Identify common problems which may affect regression analyses
• Manipulate the probability models that are most widely used in economics, and apply them correctly and carry out the appropriate statistical analysis
• Use graphical and numerical methods to calculate and illustrate descriptive statistics

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

• Identifying the appropriate regression model to apply to an economic dataset
• The basic concepts of probability and Bayes Theorem

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• Use Excel to make basic statistical calculations and critically evaluate the basis for these calculations;

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.