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Econometrics: Statistical Tools to Understand Economic Data

Two Sections Available to Choose From:

Course DatesWeeksMeeting TimesStatusInstructor(s)CRN
June 30, 2014 - July 11, 20142M-F 12:45-3:35POpenDaniela Scida10473
July 28, 2014 - August 08, 20142M-F 12:45-3:35POpenDaniela Scida10624

Course Description

This course teaches students how to communicate methods, results, and interpretations using the vocabulary of statistics, with an application in Economics. It is intended to help students that aim to take AP Statistics tests.

Reasoning based on probability and statistics gives modern society the ability to cope with uncertainty. It deals with the design of how data is collected, the analysis of the data, and the drawing of conclusions from the data. This course aims to introduce students into statistical analysis, using as inspiration the Economics field.

This course is structure in three main blocks: exploring data, probability concepts, and introduction to inference. Along this course, students will learn how to explore data in order to describe patterns and departures from patterns, using graphical and mathematical methods, with a particular focus on the bivariate case. In addition, this course will help them familiarize with concepts from basic probability, and in particular to acquire knowledge of common discrete and continuous probability distributions. The final section of this course will be devoted to introduce students to statistical inference, in order to acquire basic notions of how to estimate population parameters and test hypotheses.

The topics covered in this course are intended to help students prepare for AP Statistic test.

By the end of this course students are expected to be able to explore data and recognize patterns with the help of graphical and summary measures. In addition, they are expected to become familiar with standard concepts of probability and common distributions (e.g. Normal Distribution), and to acquire basic notions of statistical inference.

The Statistics Analysis course is an excellent option for any secondary school student who has successfully completed a second-year course in algebra and who possesses sufficient mathematical maturity and quantitative reasoning ability.
Second-year algebra is the prerequisite course, which makes this course usually be taken in either the junior or senior year.