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ECON 230 Spring 2022-23 Course Outline

This document provides information about a statistics and data analysis course offered at Lahore University of Management Sciences in the spring 2022-2023 semester. The instructor is Usman Elahi and the course will include lectures, labs, and tutorials delivered on campus. The course is 4 credit hours and covers topics like probability, random variables, distributions, data description, statistical estimation, testing, and linear regression. Prerequisites include Calculus 1. Students will be graded based on assignments, quizzes, a midterm exam, and a final exam. Recommended textbooks are listed.

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0% found this document useful (0 votes)
160 views3 pages

ECON 230 Spring 2022-23 Course Outline

This document provides information about a statistics and data analysis course offered at Lahore University of Management Sciences in the spring 2022-2023 semester. The instructor is Usman Elahi and the course will include lectures, labs, and tutorials delivered on campus. The course is 4 credit hours and covers topics like probability, random variables, distributions, data description, statistical estimation, testing, and linear regression. Prerequisites include Calculus 1. Students will be graded based on assignments, quizzes, a midterm exam, and a final exam. Recommended textbooks are listed.

Uploaded by

Emaan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Lahore University of Management Sciences

ECON 230-Statistics and Data Analysis


Spring 2022-2023

Instructor Usman Elahi


Room No. 151
Office Hours TBA
Email [email protected]
Telephone
Secretary/TA TBA
TA Office Hours TBA
Course URL (if any)

Course Teaching Methodology (Please mention following details in plain text)


All lectures, labs and tutorials will be delivered on-campus.

Course Basics
Credit Hours 4
Lecture(s) Nbr of Lec(s) Per 2 Duration 90 min
Week
Recitation/Lab (per week) Nbr of Lec(s) Per 1 Duration 50 min
Week
Tutorial (per week) Nbr of Lec(s) Per 1 Duration 50 min
Week

Course Distribution
Core Yes
Elective
Open for Student Category Sophomores/ Juniors/Senior
Close for Student Category

COURSE DESCRIPTION
The objective of the course is to give students an introduction to elementary concepts in probability and statistics and their application in the
field of economics. It aims to equip students with a thorough understanding or important areas in statistics and prepare them for advanced
courses in econometrics. Topics include basic probability models and combinatorics, random variables, discrete and continuous probability
distributions, data description, statistical estimation and testing, confidence interval and an introduction to linear regression.

COURSE PREREQUISITE(S)

Prerequisites Calculus-I
Anti-requisites Statistics, Probability and Statistics

COURSE OBJECTIVES

 To introduce students with basic concepts of probability and statistics


 To enable students to apply the probability and statistics concepts in real life examples
 To prepare students for next core course in econometrics
Lahore University of Management Sciences

Grading Breakup and Policy


STATA Assignment(s) + LAB attendance: 10%
STATA QUIZ: 10%
QUIZZES(s): 25%
MID-TERM EXAM: 25%
FINAL EXAM: 30 %

Examination Detail

Yes/No: NO
Combine Separate:
Midterm
Duration:
Exam
Preferred Date:
Exam Specifications:

Yes/No: NO
Combine Separate:
Final Exam
Duration:
Exam Specifications:

     
COURSE OVERVIEW
Week/
Recommended
Lecture/ Topics
Readings
Module
1 Introduction
2-3 Combinatorial Analysis Ross CH 1
3-4 Axioms of Probability Ross CH 2
5-6 Conditional Probability and independence, Bayes Theorem Ross CH 3
7-8 Discrete Random Variables and Distributions Ross CH 4
9-10 Continuous Random Variables and Distributions Ross CH 5
11-12 Jointly Distributed Random Variables Ross CH 6
13 Properties of Expectations, Variance Ross CH 7
14-17 Data Relationships and Regression Moore CH 2
18-21 Introduction to Inference Confidence Interval Hypothesis testing Moore CH 5-6
21-24 Inference for the mean of population(s) Moore CH 6-7
25 Inference for Proportions and Regressions(s) Moore CH 10
26-27 ANOVA Moore CH 12
28 Review

Textbook(s)/Supplementary Readings
Lahore University of Management Sciences
Ross, Sheldon . A First Course in Probability, 8thedition. Upper Saddle River, NJ: Pearson Education Inc, 2010.
Moore, David S. and McCabe, George P., Introduction to the Practice of Statistics6thedition: W.H. Freeman and Company, New York, 2009

Reference Text: Newbold, P., Carlson, W. and Thorne, B. Statistics for Business and Economics. 8th ed. Pearson, 2010

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