ECON 209 - Probability and Statistics

Semester Offered: Fall
1 unit(s)

Probability and Statistics introduces basic probability theory, statistical analysis and its application in economics. The objective is to provide a solid, practical, and intuitive understanding of statistical analysis with emphasis on estimation, hypothesis testing, and linear regression. Additional topics include descriptive statistics, probability theory, random variables, sampling theory, statistical distributions, and an introduction to violations of the classical assumptions underlying the least-squares model. Students are introduced to the use of computers in statistical analysis. The Department.

Prerequisite(s): ECON 102, MATH 121, and MATH 126. With the instructor’s permission, students who have taken ECON 109 and MATH 121 may take ECON 209 with concurrent enrollment in MATH 126.

NRO for Seniors Only.

Two 75-minute periods.

Course Format: CLS