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