STATISTICAL METHODS FOR ECONOMISTS (AE-307)

UNIVERSITY OF SARGODHA

DEPARTMENT OF AGRICULTURAL ECONOMICS

 

COURSE OUTLINE                                                                                      FALL 2020-21

 

Course Title:   STATISTICAL METHODS FOR ECONOMISTS

Course Code:  AE-307

Credit Hours:  3(2-1)

 

Instructor:       Hanzala Zulfiqar

Email:             [email protected]

 

DESCRIPTION & OBJECTIVES

 

The objective of this course is to introduce the student to statistics. After completing the course, students will be able to apply the statistical tools and techniques in the field of Agricultural Economics.

 

READINGS

 

TEXT BOOKS:

 

  1. Chaudhary, Sher M. Introduction to Statistical Theory, Part I & II. Illmi Kitab Khana, Urdu Bazar Lahore.
  2. Wonnacott, T.H., &Wonnacott. R.J. (1990). Introductory Statistics. 5th Edition New York: John Wiley Publishers.
  3. Floyd,J.E. 2010. Statistics for economists: a beginning. University of Toronto.

 

REFERANCE MATERIAL:

 

  1. Amir, D. A. 1995. Statistics, Concepts and Applications. Richard D. Irwan Inc.  USA.
  2. Newbold, P. Carlson, W. and Thorne, B. 2010. Statistics for Business & Economics (Seventh Edition). Prentice Hall.
  3. Aczel, A. D. (1995). Statistics, Concepts and Applications. USA: Richard D. Irwan Inc.
  4. Newbold, P., Carlson, W., and Thorne, B., (2010). Statistics for Business & Economics. 8th Edition. Pearson Hall Publisher.

 

CONTENTS

 

Index numbers, the concept of Index Numbers, Different types of indices and their uses; Random Variables and their distribution, probability and Density function, Estimation of Parameters, Properties of Estimators, Confidence interval of means and proportions, Variance of normal distribution, Variance and Covariance, Hypothesis testing, Chi Square Test, Analysis of Variance (ANOVA), Correlation, Introduction to Regression Analysis; Application of software to various estimation techniques.

COURSE SCHEDULE

Week

Topics and Readings

1.

Index numbers, the concept of Index Numbers

“Statistics for Business and Economics”, Anderson et al., Page no: 951-959

2.

Types and Uses of Index Numbers

“Statistics for Business and Economics”, Anderson et al., Page no: 959-966

3.

Probability and its distribution

“Statistics and Econometrics”, Salvatore and Reagle, Page no.: 36-62

4.

RandomVariable and Distribution Functions

“An Introduction to the Science of Statistics: From Theory to Implementation”, page no.: 111-127

5.

Overview of Estimation

“An Introduction to the Science of Statistics: From Theory to Implementation”, page no.: 213-230

6.

Method of Moment

“An Introduction to the Science of Statistics: From Theory to Implementation”, page no.:231-240

7.

Unbiased Estimation

“An Introduction to the Science of Statistics: From Theory to Implementation”, page no.: 241-260

8.

Interval Estimation

“An Introduction to the Science of Statistics: From Theory to Implementation”, page no.: 281-300

9.

Hypothesis Testing

“An Introduction to the Science of Statistics: From Theory to Implementation”, page no.: 303-340

10.

Variance Analysis

“Statistics for Business and Economics”, Anderson et al., Page no: 545-582

11.

Chi-Square test

“Statistics” 4th Edition, Spiegel and Stephens, Page no.: 294-299

12.

Correlation

“Statistics” 4th Edition, Spiegel and Stephens, Page no.: 345-381

13.

Multiple and Partial Correlation

“Statistics” 4th Edition, Spiegel and Stephens, Page no.: 282-402

14.

Simple Linear Regression

“Statistics for Business and Economics”, Anderson et al., Page no: 951-959

15.

Multiple Linear Regression

“Statistics for Business and Economics”, Anderson et al., Page no: 951-959

16.

Regression Analysis (Model Building)

“Statistics for Business and Economics”, Anderson et al., Page no: 951-959
 

 

 

 

RESEARCH PROJECT/ ASSIGNMENTS

1:      After practical save all outputs in a MS word document and submit this assignment before next class.

 

ASSESSMENT CRITERIA

Sessional:                   08  (Class Attendance:4, Assignments: 4)

Mid Term Test:          12

Final Term Test:         20+20

 

 

RULES AND REGULATIONS

 

1:         The format and due dates of the assignments and midterms will be discussed during the first week of classes. Late assignments will not be accepted. The final exam will be descriptive and practical will be computer based.

2:         80 % class attendance is required to get 2 Marks.

Time Table
Day 8:00-8:50 8:50-9:40 9:40-10:30 10:30-11:20 11:20-12:10  12:10-1:00 2:00-2:50 2:50-3:40
Tuesday   AE-307 (P)        
Thursday AE-307 (T)              
Friday         AE-307 (T)      

Course Material

Other Courses by Mr. Hanzala Zulfiqar