Download ECON 381-100 Introduction to Economic Statistics

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I NTRODUCTION TO ECONOMICS STATISTICS
ECONOMICS 38 1
James Alm
Office : 10 Economics
Phone : 492- 5242
Office Hours: MWF 9- 10 a . m.
Spring 1984
Course Description
Economics 381 intro duces basi c concepts of statistics and econometr ics . The
course will study ways to descr ibe data sets, metho ds t o test hypotheses about the
data sets, and ways t o expla in the relationships between diffe ren t data sets. The
e mphasi s throughout wi ll be on application of the mate rial t o practical situations
that aris e in business and economi cs .
Time and Place of Class
Economics 381 (se ction 2) meets on MWF in room 13 of the Economics Building fro m
10 :00 am t o 10:50 am . There wi l l also be two r ecitation sections each week.
Attendance at one i s encou raged hut not required. Time and place f or the recitation s ections wil l be announced i n clas s .
Textbooks
The r e is only one require d textbook .
It is:
Statistics for Business and Economics (Dellen Publishing Company , 1982 ),
Second Edition, by James T. McClave and P . George Benson.
Grading and General Policie s
There wi ll be 4 midterm examinations. However, the l owest grade f rom these 4
exams will NOT count in t he de t ermination of your g r ad e . Only your top 3 exams
will count, and each will count 1/6 (or 16 2/3%) of your final gr ade .
The final examination will be comprehensive and will count 30% of your final
grade . The date for the final exam i s Tuesday, May 22 from 7:30 am t o 10 : 30 am.
Make sure that you don ' t have any con flic t s.
The rema ining 20 % of you r grade will be based upon a computer project , the details
of which wilJ be announced in class. The completed pro ject is due in c lass on
Friday , May 11. Lat e projects wil l he penalized one letter grade for each day
late .
The r e will be NO make -up exams. If you miss a midterm exam for whatever reason ,
that exam will be dropped as the lowest of your fo ur midte r ms. There will also be
no extra- credit assignments.
Problems will be assigned each week. I encou r age you t o wor k wi.th other students
on the problems . However, these problems will NOT be collected and gr aded.
Instead the problems wi l l be di scussed in the recitation se c ti. ons . Some of the
problems will show up on the exams , so attendance at the recitation sect ions
should help your test performance •
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I am required t o obs erve official deadli nes for adds , drops, with drawal s, · and so
on. Please remember the s e da tes.
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Tentative Lecture and Test Schedule
Remember that Spring Vacation is f rom March 26 to March 31.
Week
Topic
January 25
What Is Sta Li sti cs?
Graphical Descriptions of Data
Ch. 1
Ch. 2
January 30
Numerical Descriptive Measures
Ch. 3
February 6
Probability
Ch. 4
February 13
1st Midterm Exam: Weds., February 15
Ch. 1-4
February 20
Discrete Random Variables
Continuous Rand om Variables
Ch. 5
Ch. 6
February 27
Sampling Distributions
Ch. 7
March 5
2nd Midterm Exam: Weds., March 7
Ch. 5-7
March 12
Estimation and Test of an Hypothesis:
Single Samp le
Ch. 8
Two Samples: Estimation and Tests of
Hypotheses
Ch . 9
March 19
Assignment
"-tar ch 26
Spring Vacation
Apr il 2
3rd Midterm Exam: Weds. , April 4
Ch. 8-9
April 9
Simple Linear Regressi on
Ch. 10
April 16
Multiple Regression
Ch. 11
April 23
Introduction to Models Ruilding
Ch. 12
April 3U
4th Midterm Exam: Weds., May 2
Ch. 10 -1 2
May 7
Computer Project s due on Fri., May 11
May 14
Review
FINAL EXAM : TUESDAY, MAY 22
7:30 a.m. to 10 :30 a.m.
(Ch. 1-1 2)