Economics and Statistical Analysis

• • Defining and Collecting Data
  • Organising and Visualising Variables
  • Numerical Descriptive Measures
  • Basic Probability
  • Discrete Probability Distributions
  • Confidence Interval Estimation
  • Fundamentals of Hypothesis Testing
  • Managers and Economics
  • Demand, Supply and Equilibrium Prices
  • Demand Elasticities
  • Measuring Macroeconomic Activity
  • Open Economy and International Trade
  • Exchange Rate and the Open Economy

In order to enrol in this subject, you must be accepted into one of the following degrees:

Core

• TAS-PFA-GCE-2022
• TAS-PFA-GDI-2022
• TAS-MPA-MAS-2022
• TAS-PAS-MAS-2022

Elective

• OUA-PSU-GCE-2022

Additional requirements

No additional requirements

This subject provides managers with an introduction to a comprehensive range of key data analysis, statistics, microeconomic and macroeconomic topics. The emphasis is on the practical application of basic statistical techniques, economic concepts and models to real world business-oriented problems and on developing students’ ability to apply the economic way of thinking to solving problems within a firm and understanding the economic environment in which they operate. The use of mathematics and arithmetical calculations are kept to a minimum for selected topics in statistics by using the Microsoft Excel spreadsheet package.

• Online Quiz 1 (statistics) (12.5%)
• 24 Hours Take Home Exam (20%)
• Assignment (Group Report) (15%)
• Assignment (Individual Report) (15%)
• Online Quiz 2 (economics) (12.5%)
• Individual Essay (25%)

Current study term: 20 Feb 22 to 29 May 22