ECN-2010 Statistics for Business and Economics

Credits: 3
The course introduces students to basic statistical methods with an emphasis on application. It focuses on the statistical tools used to examine economic behavior and business outcomes including: descriptive statistics, probability, sampling, estimation, hypothesis testing and simple linear regression analysis. In addition, students are introduced to statistical and econometrics software to solve problems using economics and business data.

Prerequisite(s): MAT-1250.

Course Outcomes

Analyze the relevance of statistics in business and economics.
Apply statistical techniques, both descriptive and inferential, to economic and business data.
Analyze economic policy using quantitative evidence from econometrics software.
Analyze economic behavior and the relationship between economic variables using statistical tools.