Download ECON 3818-004 Introduction to Economic Statistics

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Econ . 3818-4
Spring 1991
INTRODUCTION TO
ECONOMIC STATISTICS
WITH COMPUTER APPLICATIONS
Class Time:
TR 3:30-4:45pm
Instructor: Professor Frank Hsiao, Office : Econ . Building 103
Office Hours: TR ·2 : 00-3:30pm ; Office Phone: 492-7908
Textbook:
Becker, W.E. and D. L. Harnett, Business and Economics Statistics
with Computer Applications Addison - Wesley, Reading, MA , 1987.
Hsiao, F. , Statistics Laboratory Manual , will be available at the
Campus Copies window in Norlin Library .
Students must also r egister for one of the recitation s ections associated with
this class: Recitations will b egin the week of Janua ry 21.
Section
021
022
023
I.
Time
200-2 50pm
400-450pm
1000 -1050am
Day
M
M
W
Classroom
Econ 16
Econ 16
Hlms 341
Enrollment Limit
12
12
23
Course Outline (Part A a nd Part B):
Part A: Lectures
1
1/17
Ch . 1 Introduc tion, Statistical Data Collection
2
1/22
Ch. 2 Descrip t i ve Statistics:
3
1/29
Ch . 3 Measures of Center Location and Dis pers ion of a Distributi on
4
2/5
Ch . 9 Correlation Analys is, Simple Linear Regres sion Model and LeastSquares Estimat ion Technique.
5
2/1 2
Ch. 4 Probabili ty, Discrete Random Vari ab les , Probab ility Mass
Func tions, and Expec ted Values of a Random Variable
2/14
(R)
6
2/19
Ch . 4 Probability, Discre te Random Variab les, Probability Mass
Functions, a n d Expected Values of a Random Variable
7
2/26
Ch . 5 Binomial Distribution ( 5. 1-5.6)
8
3/5
Ch. 6 Continuous Ra ndom Variables, Probability Dens ity Function,
Normal and Standardized Normal Distributions (6.1 - 6.4)
9
3/12
Ch . 6 Normal Sampling Distribution of Mean, t - distribution (6.5-6.8)
10
3/19
Ch . 6 Normal Sampling Distribution of Mea n, t-distribution (6.5 - 6.8)
3/26
SPRING BREAK
Frequen cy Dis tributions and Graphs
The First Test (Chapters l, 2, 3, and 9)
100 po i nts
r
2
4/2
Ch. 7 Point Estimation and Interval Estimation
4/4
(R)
12
4/9
Ch. 8 Standard Procedures for Hypothesis Testing about ·Population
Mean.
13
4/16
Ch. 9 Correlation Analysis, Simple Linear Regression Model and LeastSquares Estimation Technique.
14
4/23
Ch.10 Multiple Regression Model and Estimation
15
4/30
Ch.10 Multiple Regression Model and Estimation
11
The Second Test (Chapters 4 , 5, and 6)
5/9, ll:30am-2:30pm
100 Poin ts
The Final Exam (150 pts, Comprehensive)
Part B: Computer Applications
Microcomputer Lab: Norlin Library Statistics Laboratory
Dates and Times: to be announced in class
Objectives: Introduction to the us e of IBM-PC/AT , Lotus 1- 2-3/Quatro Pro
spreadsheet.
Instruction for each computer exercise/project will be given in class.
Students who are interested in acquiring more knowledge in microcomputers
and regression analysis are encouraged to take Econ 4811, Intro to
Econometrics.
Note: Check your final exam schedule during the first week of the semester. If
you are concerned about the possibility of taking three or more final exams on
the same day, please make any desired schedule adjustment during the drop-add
period.
II.
Chapter Exercises, Recitation Exercises, and Microcomputer Exercises:
a.
Each homework chapter and each recitation exercise has the maximum of
10 points . The microcomputer term paper has the maximum of 60
points . No credits for late homework or exercises.
b.
Occasionally, extra -credit exercises will be give n in the clas s.
III.
Semester Grading: Semester grades consist of three parts: Exam scores
(80%), Homework and Tutorial Exercise scores (15%), and Quizzes (given in
regular and tutorial) (5%). Probable cutoff points are in the vicinity of
90% (A-), 80% (B-), 70% (C-), 60% (D-), and some curving may be used.
IV.
General Remarks
1.
Please attend the classes regularly. We expect every student to
participate in all classes and recitations.
2.
Test dates are firm.
dates.
Please prepare for the t e sts long before the test
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3.
If you are going to miss or have missed an exam, hand in an e xplanat ory
statement and documentation to the instructor or call the instructor for
approval of excused absence within 24 hours after the test time.
Otherwise, no make-up test and a zero grade will be given to unexcus ed
absences for exams .
4.
Please come to talk with (or call) the instructor a bout any problems
related to the course .
V.
General References:
Harnett, D.L. and J.L . Murphy, 1985, Statistical Analysis for Busine ss and
Economics, 3rd ed. (Addison-Wesley, Reading, MA).
Kilpatrick, M., 198,7, Business Statistics Using Lotus 1-2-3 (John Wiley &
Sons, New York).
Kohler, H. , 1988, Essentials of Statistics (Scott, Foresman and Company,
. Glenview , Illinois).
Mansfield, E., 1987, Statistics for Business and Economics - Methods and
Applications, 3rd ed. (Norton and Co., New York).
Mirer, T.W., 1988, Economic Statistics and Econometrics, 2nd ed.
(Macmillan, New York).
Salvatore, D. , 1982, Theory and Problem of Statistics and Econometric s,
Schaum's Outline Series in Economics (McGraw-Hill, New York).
Wonnacott , T.H. and R. J. Wonnacott, 1984, Introductory Statistics for
Business and Economics, 3rd ed. (John Wiley ~nd Sons, New York).
VI.
Some Statistical Data Sources:
President's Council of Economic Advisers, 1989 , Economic Report of the
President (U.S. Government Printing Office, Washington, D.C.).
Statistical Abstract of the United States (U.S. Government Printing Office,
Washington, D.C.).
The following Examination Rules will be strictly enforced .
1.
2.
3.
4.
5.
6.
Spread the chairs - you should not be too close to each other.
Put books in front under the blackboard, out of reach.
Use only the sheets of paper distributed to you in class. Do not use your
own paper for tests and calculations.
Hand in all of the test papers and materials you h a ve used in the test.
Write "scrap" at the upper right corner of the paper if it does not conta i n
your answers.
Make sure to number the questions clearly and write your name on each p age
of your test sheets .
No students are allowed to leave t h e classroom during the test.
Please go
to the washroom before the test starts.