Short Description

This unit provides students with a robust foundation of core models and techniques. The unit aims to equip students with a well-founded basis in statistical methods that will allow them to appreciate and apply confidently modern statistical tools used in the study of economic data and decisions.

You’ll learn to:

  • Identify real economic problems and apply corresponding economic models
  • Analyse economic situations using optimization techniques
  • Interpret results of fundamental economic models
  • Analyse fundamental discrete and continuous distributions and be able to apply them
  • Apply the concepts of random sampling, statistical inference and sampling distribution
  • Compare and contrast fundamental concepts of statistical inference and its applications