EC124-12 Statistical Techniques B
Introductory description
This module provides students with a thorough understanding in basic principles of statistics, You will gain an understanding of probability theory, calculating moments of univariate and multivariate distributions (including some commonly used special distributions), hypothesis testing and confidence intervals. You will gain skills and techniques for analysing data.
Module aims
To provide the requisite quantitative background for a thorough and rigorous study of economic analysis, econometric methods and applied economics subjects, commensurate with the single honours Economics course. To offer a sufficient challenge for students who enter Warwick with a high grade in A-level mathematics and/or statistics.
To offer a sufficient challenge for students who enter Warwick with a high grade in A-level mathematics and/or statistics
Outline syllabus
This is an indicative module outline only to give an indication of the sort of topics that may be covered. Actual sessions held may differ.
The module will typically cover the following topics:
Descriptive statistics; Probability; Discrete random variables; Binomial and Poisson distributions; Bivariate distributions; covariance and correlation; Continuous random variables; uniform and normal distributions; Limit theorems; Sampling and sampling distributions; Hypothesis testing and confidence intervals; Non-parametric testing.
Learning outcomes
By the end of the module, students should be able to:
- Students will acquire the tools of quantitative methods necessary to study core and optional first and second year modules in economics.
- Students will develop further their techniques of statistical methods and statistical modelling.
- Students will generate an awareness and analysis of data and of data handling.
Indicative reading list
The basic practice of statistics by David S. Moore; William Notz; Michael A. Fligner 2018
Statistics for Business and Economics, Global Edition by Paul Newbold; William Carlson; Betty Thorne
Statistics: learning from data by T. A. Short; Roxy Peck 2018
View reading list on Talis Aspire
Subject specific skills
Students will acquire the tools of quantitative methods necessary to study core and optional first and second year modules in economics for joint honours courses in Economics. They will develop further their techniques of statistical methods and statistical modelling; and generate an awareness and analysis of data.
Transferable skills
Students will develop their analytical and communication skills
Study time
| Type | Required |
|---|---|
| Lectures | 10 sessions of 2 hours (17%) |
| Seminars | 4 sessions of 1 hour (3%) |
| Demonstrations | 4 sessions of 1 hour (3%) |
| Private study | 92 hours (77%) |
| Total | 120 hours |
Private study description
The private study time will allow students time to prepare for their seminars, revise for class tests and develop their skills to become independent learners.
Through independent reading and discussion with others, students will be exposed to a variety of viewpoints, learn to choose among them, and you will be better prepared to develop your own distinctive ideas.
Costs
No further costs have been identified for this module.
You do not need to pass all assessment components to pass the module.
Students can register for this module without taking any assessment.
Assessment group DA
| Weighting | Study time | Eligible for self-certification | |
|---|---|---|---|
| Test 1 | 12% | No | |
|
50 minute class test |
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| Test 2 | 12% | No | |
|
50 minute test |
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| Set of 6 problem sets | 6% | Yes (waive) | |
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Six multiple choice problem sets (1% each). One aggregate mark to be awarded for all six problem sets. |
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| Online Examination | 70% | No | |
|
1.5 hour examination taken during the summer ~Platforms - AEP
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Feedback on assessment
The Department of Economics is committed to providing high quality and timely feedback to students on their assessed work, to enable them to review and continuously improve their work. We are dedicated to ensuring feedback is returned to students within 20 University working days of their assessment deadline. Feedback is returned on a standardised assessment feedback cover sheet which gives information both by tick boxes and by directed comments. Students are informed how to access their feedback, either by collecting from the Undergraduate Office, from seminar tutors or within their seminar group sessions. Module leaders provide generic feedback for the cohort in addition to the individual-specific feedback on assessment performance.
Pre-requisites
A level Mathematics, or equivalent.
Post-requisite modules
If you pass this module, you can take:
- EC208-15 Industrial Economics 1: Market Structure
- EC221-15 Mathematical Economics 1B
- EC221-12 Mathematical Economics 1B
- EC203-30 Applied Econometrics
- EC220-15 Mathematical Economics 1A
- EC226-30 Econometrics 1
- EC226-30 Econometrics 1
- EC220-12 Mathematical Economics 1A
Courses
This module is Core for:
-
UECA-3 Undergraduate Economics 3 Year Variants
- Year 1 of L100 Economics
- Year 1 of L116 Economics and Industrial Organization
This module is Core optional for:
- Year 1 of UIPA-L1L8 Undergraduate Economic Studies and Global Sustainable Development
- Year 1 of UPHA-L1CA Undergraduate Economics, Psychology and Philosophy
- Year 1 of UPHA-V7ML Undergraduate Philosophy, Politics and Economics
This module is Core option list B for:
- Year 1 of UIPA-L1L8 Undergraduate Economic Studies and Global Sustainable Development
- Year 1 of UECA-3 Undergraduate Economics 3 Year Variants
- Year 1 of UECA-LM1D Undergraduate Economics, Politics and International Studies
- Year 1 of ULNA-R1L4 Undergraduate French and Economics (4-year)
- Year 1 of ULNA-R9L1 Undergraduate Modern Languages and Economics (4-year)
- Year 1 of UPHA-V7ML Undergraduate Philosophy, Politics and Economics
This module is Core option list C for:
- Year 1 of ULNA-R4L1 Undergraduate Hispanic Studies and Economics (4-year)
- Year 1 of ULNA-R3L4 Undergraduate Italian and Economics (4-year)
This module is Core option list D for:
- Year 1 of ULNA-R2L4 Undergraduate German and Economics (4-year)