Statistics for Economics- I STAT- 5122 (Reg+ Self)

Introduction

Generally, the subject matter of statistics deals with the quantification of data. It revolves around concrete figures to represent qualitative information. Simply, it is a collection of data. But that’s not all. As economics students, we need to learn about the techniques of dealing with a collection of data, tabulation, classification, and presentation of data.

Statistical analysis is a basic requirement in order to analyze the phenomenon related to all sectors. This course aims to produce skills related to descriptive as well as time series analysis. Use of descriptive and time series analysis has vital importance to analyze and decision-making theories related to economics and business statistics.

Course Contents

Following are the some contents which will be covered in the whole semester.

What is statistics? Application of statisitcs in economics. Population and sample. Types of data.
Presentation of data.
Measure of central tendency.
Measures of dispersion.
Probability and Probability distributions.
Index numbers and time series analysis.

Recommended Books

Moy, R.L., Chen, L-S., and Kao, L.J. (2015). Study Guide for Statistics for Business and Financial Economics, Springer Publisher USA.
Anderson, D.R., Sweeney, D.J. and Williams, T.A. (2011). Essentials of Statistics for Business and Economics. 6th Ed. South-Western Cengage Learning, USA.

Suggested Books

Muhammad, F. 2005. Statistical Methods and Data Analysis, Kitab Markaz, Bhawana Bazar Faislabad.
Walpole, R.E. 1982. Introduction to Statistics. 3rd Es., Macmillan Publishing Co., Inc. New York.
Chaudhary, S.M. & Kamal, S. 1998. Introduction to Statistical Theory.Ilmi Kutab Khana, Urdu Bazar, Lahore.

Course Credit Hours: 3 (3-0)

Time Table

BS-3rd Reg