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    1362696047ec 102 Course Outline

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    falconkudakwashe
    The document outlines an economic statistics course at Midlands State University. It details the course objectives, structure, assessment, content including topics like descriptive statistics, probability, and recommended textbooks.

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    1362696047ec 102 Course Outline

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    falconkudakwashe
    15 views4 pages
    The document outlines an economic statistics course at Midlands State University. It details the course objectives, structure, assessment, content including topics like descriptive statistics, probability, and recommended textbooks.

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    1362696047ec 102 course outline

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    The document outlines an economic statistics course at Midlands State University. It details the course objectives, structure, assessment, content including topics like descriptive statistics, probability, and recommended textbooks.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    15 views4 pages

    1362696047ec 102 Course Outline

    Uploaded by

    falconkudakwashe
    The document outlines an economic statistics course at Midlands State University. It details the course objectives, structure, assessment, content including topics like descriptive statistics, probability, and recommended textbooks.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    MIDLANDS STATE UNIVERSITY

    FACULTY OF COMMERCE
    DEPARTMENT OF ECONOMICS

    ECONOMIC STATISTICS COURSE OUTLINE (EC 102)

    Level: 1.1
    Lecturer: Ms J. Chigome
    Contact Number: 0772 311 763/ 0734 197 701
    Email: chigomej@msu.ac.zw
     COURSE OBJECTIVES

    The main aim of the module is to equip students with analytical tools required in sampling, data collection,
    statistical analysis and presentation.

     COURSE STRUCTURE

    One hour lectures will be conducted three times a week. Herewith, concepts and methods in Statistics will be
    discussed. Most importantly student participation will be required through class presentations and the provision of
    fully worked solutions to be also presented in class.

     COURSE ASSESSMENT

    Continuous assessment will be based on two in- class tests, two group assignments, individual class presentations
    and two group quizzes. The Final Exam will contribute 70% and the remaining 30% will be from the continuous
    assessment.
    COURSE CONTENT

    INTRODUCTION

     Definition of statistics
     Role of Statistics
     Descriptive and Inferential Statistics
     Types of Data
     Population and Sample

    COLLECTION AND PRESENTATION OF DATA

     Discrete and continuous data


     Sampling techniques
     Data collection methods
     Data presentation methods

    DESCRIPTIVE STATISTICS

     Grouped and ungrouped data


     Frequency tables and polygons
     Relationship between histograms and polygons
     Ogive and relative frequency curves

    MEASURES OF CENTRAL TENDANCY/ LOCATION

     Mean, mode, median


     Using graphical methods to find the mode
     Quartiles, percentiles and deciles
     Types of means- arithmetic, geometric and harmonic

    MEASURES OF DISPERSION OR SPREAD

     Average deviation
     Variance and standard deviation
     Coefficient of variation
     Range and interquartile range

    SKEWNESS AND ASYMMETRY

     Pearson’s Coefficient of skewness


     Measuring skewness using the principle of moments
     Peakedness/ Kurtosis
     Measuring peakedness using moments

    INTRODUCTION TO PROBABILITY

     Laws of probability
     Conditional probability
     Venn diagrams
     Tree diagrams
     Permutations and combinations

    CONTINOUS PROBABILITY MODELS

     Normal Distribution
     Binomial distribution
     Poisson distribution

    RECOMMENDED TEXTBOOKS

     Essentials of Statistics for Business and Economics by David R. Anderson, Dennis J. Sweeney and
    Thomas A. Williams (2008)
     Statistics for Business and Economics, by Paul Newbold, William L. Carlson, and Betty Thorne, 7 th
    Edition, Prentice Hall.
     Introductory Statistics for Business and Economics – 4th Edition – by Thomas H. Wonnacott and
    Ronald J. Wonnacott (1990)
     Practice of Business Statistics by David S. Moore, George P. McCabe, William Duckworth, Stanley Sclove
    (2003)
     Weighing the Odds: A Course in Probability and Statistics by David Williams (2001)
     Using Statistics in Economics by Leighton Thomas (2004)

    NB: The list is not exhaustive hence alternative sources may be used.

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