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INTRODUCTION TO ECONOUIC STATISTICS ECONOMICS 381 Fall 1983 James Alm Office: 10 Economics Phone: 492-5242 Office Hours: MW 10-11:30 Course Description Economics 381 introduces basic concepts of statistics and econometrics. The course will study ways to describe data sets, methods to test hypotheses about the data sets, and ways to explain the relationships between different data sets . The emphasis throughout will be on application of the material to practical situations that arise in business and economics. Textbooks There is only one required textbook. It is: Statistics for Business and Economics (Dellen Publishing Company, 1982), Second Edition, by James T. Mc Clave and P. George Benson. Grading and General Policies There will be 4 midterm examinations. However, the lowest grade from these 4 exams will NOT count in the determination of your grade . Only your top 3 exams will count, and each will count 15% of your final grade. The fina l examination will be comprehensive and will count 40% of your final grade. The date for the final exam is Friday, December 16 from .7:30 P.M. to 10:30 P.M. The remaining 15% of the details of which will be due in class penalized one letter your grade will be based upon a computer pr'o ject, will be announced in class. The completed project on Wednesday, December 7. Late 1?rojects will be grade for each day late. There wil l be NO make-up exams. If you miss a midterm exam for whatever reason, that exam will be dropped as the lowest of your tour midterms. There will also be no extra-credit assignments. ·· Problems will be assigned each week . I epcourage you to work with other students on t-he problems. However, these problems will NOT be collected and graded. Instead, there will be two recitation sessions each week to review the problems . Attendance in encouraged but not required. Details will be announced in class. I am required to observe official deadlines for adds, drops, withdrawals, and so on. Please remember these dates. Tentative Lecture and Test Schedule Remember that there is no class on Monday, September 5 (Labor Day) and on Thursday and Friday, November 24 and 25 (Thanksgiving Holidays). Week Topic Assignment August 31 What Is Statistics? Graphical Descriptions of Data Ch. 1 Ch. 2 September 5 Numerical Descriptive Measures Ch. 3 September 12 Probability Ch . 4 September 19 1st Midterm Exam: Wednesday , September 21 Ch . 1-4 September 26 Discrete Random Variables Continuous Random Variables Ch. 5 Ch. 6..·- October 3 Sampling Distributions Ch. 7 October 10 2nd Midterm Exam: Wednesday, October 12 Ch. 5-7 October 17 Estimation and Test of an Hypothesis: Single Sample Ch. 8 Two Samples: Estimation and Tests of Hypotheses Ch . 9 October 31 3rd Midterm Exam: Wednesday, November 2 Ch. 8-9 November 7 Simple Linear Regression Ch. 10 November 14 Multi ple Regression Ch . 11 November 21 Introduction to Model Building Ch. 12 November 28 4th Midterm Exam: Wednesday, November 30 Ch. 10-12 December 5 Computer Projects due Wednesday, December 7 December 16 (Friday) Final Exam, 7:30 P.M. to 10:30 P.M. October 24 . Ch . 1-12