Introduction to course     

The main objective of this course is to acquaint students with the basic techniques of statistical methods with strong emphasis on its application to economic theories and principles.This course will introduce the basic principles of statistics in economics. The main objective of this course is to acquaint students with the basic techniques of statistical methods with strong emphasis on its application to economic theories and principles.

Learning Outcomes

On the successful completion of the course students will be able to:

  • A broad knowledge of Statistica analysis relevant for analysing economic data by using different softwares (SPSS, Eviews)
  • Interpretation and critical evaluation of the outcomes of empirical analysis
  • Theoretical background for the standard methods used in empirical analyses.

Recommended Books

  1. Lind, Douglas A., Marshal, William G. and Mason, Robert D., Statistical Techniques in Business and Economics ,15th ed. (Boston: McGraw Hill, 2015).
  2. Chaudhry, Sher Mohammad and Kamal, Shahid, Introduction to Statistical Theory , 7th ed. (Lahore: IlmiKitabKhana, 2010).

Suggested Books 

  1. Siegel, Andrew F., Practical Business Statistics ,7th ed. (Boston: McGraw Hill, 2012).
  2. Newbold, Paul, Carlson, William L. and Thorne, Betty M, Statistics for Business and Economics, 5th ed. (New Jersey: Prentice Hall

Description of system of Evaluation (Exam, assignments etc.):

Mid Term: 30 marks

Sessional: 20 marks

  1. Quiz: 35%

  2. Assignments and Presentation: 35%

  3. Participation: 30%

  4. Final Exam: 50 marks

Class Timing:

Course Material