This course introduces classical descriptive and inferential statistics with a focus on random variables, common probability distributions, estimation, confidence intervals, and hypothesis testing. The course then focuses on the use of ordinary least squares (OLS) simple and multiple regression to model relationships amongst economic variables.
The course will finally introduce more advanced topics including time series analysis and panel data methods.
The course emphasis throughout will be on interpreting data, choosing appropriate models and methods, and on practical applications of the statistical methods.
The course relies extensively on use of the spreadsheet package Excel.