[Forside] [Hovedområder] [Perioder] [Udannelser] [Alle kurser på en side]
LEARNING OBJECTIVES:
At the end of the course, the participants should be able to
• apply descriptive statistics on business and economics data
• describe properties of probabilities and do simple computations
• do statistical calculations on data in Excel
• describe discrete and continuous random variables (univariate and bivariate) and describe their properties by distributions, moments and quantiles
• describe Bernoulli, Binomial, Poisson and Multinomial distributions and relate their properties to possible applications
• describe normal distributions and describe their properties and possible applications
• apply the central limit theorem and the law of large numbers
• describe sample surveys and explain consequences of various sources of error in practice
• apply estimators of population parameters and describe their properties in terms of mean squared error, bias, consistency and efficiency
• apply data statistical testing of hypotheses concerning population parameters and formulate properties of a test in terms of Type I and Type II errors
The course is concerned with the probability and estimation theory needed for economists and business economists to acquire a fundamental understanding of empirical studies. An integral part of an empirical study, and of this course, is presentation of descriptive statistics using various IT systems.
COURSE SUBJECT AREAS:
• 1. Population, descriptive statistics
• 2. Uncertainty and probability
• 3. Random variables, distribution
• 4. Expectation, variance, covariance, correlation
• 5. Popular distributions: Bernoulli, Binomial, Normal
• 6. Estimation theory
Viggo Høst
The lectures introduce the fundamental theory of statistics, which will be illustrated by business and economics applications. The exercises practice the statistical theory by solving statistical problems, which are relevant to business and economics. Excel will be used as statistical computer program to solve problems and present descriptive statistics for the different data sets.
Nikolaj Malchow-Møller & Allan Würtz: Indblik i statistik - For Samfundsvidenskab. Gyldendal, første udgave, 2010, chapters 1-6, 8-10 & 12.
Approx. 190 pages.
Notes, max 40 pages.
Total approx. 230 pages. Lecture notes, weekly exercises, and assignments are part of the curriculum.
FORM OF ASSESSMENT: A 3 hours written exam. To participate in the exam, one mandatory assignment with focus on applied and descriptive statistics using Excel has to be approved.
EXAMINATION AIDS ALLOWED: All - except any means of electronic communications equipment including calculators, mobile phones and PCs. A simple calculator will be available for the students in the examination hall.
Re-examination 2011: Oral examination, 30 minutes. No Examination aids allowed.
