MET 1190 Statistics

MET 1190 Statistics

Course code: 
MET 1190
Department: 
Economics
Credits: 
7.5
Course coordinator: 
David Kreiberg
Course name in Norwegian: 
Statistikk
Product category: 
Bachelor
Portfolio: 
Bachelor - Common Courses
Semester: 
2025 Spring
Active status: 
Active
Level of study: 
Bachelor
Teaching language: 
Norwegian
Course type: 
One semester
Introduction

The course MET 1190 provides a basic introduction to the subject of statistics. The content of the course can be divided into two main themes, data analysis and probability theory. Data analysis is the activity of processing and analyzing sampled data for the purpose of drawing conclusions (inference) about phenomena in a population. Probability theory forms the mathematical foundation for developing the methods used in data analysis. Data analysis and probability theory are becoming increasingly important in areas such as economics, financial economics, and accounting. The course is composed of topics such as descriptive statistics, probability theory, classic statistical inference, and regression analysis. The course will also include training in the use of statistical software and simple programming.

Learning outcomes - Knowledge

After going through the learning process described in this course description, students will:

  • Know basic concepts in probability theory, such as "random experiment", "sample space", "event", "probability" and "conditional probability".

  • Know terms related to random variables, such as "expectation", "variance", "probability distribution", "linear combination of random variables" and "random sample".

  • Know different probability models for discrete and continuous random variables, as well as the central limit theorem.
  • Know concepts from classical statistics, such as "estimator", "confidence interval", "hypothesis testing" and "p-value".

  • Know procedures for studying the relationship between two variables like "scatter plots", "covariance/correlation" and "regression analysis".
  • Know how to use statistical software and simple programming routines
Learning outcomes - Skills

After completing the learning process described in this course description, students will:

  • Be able to perform descriptive statistical analysis.

  • Be able to apply simple mathematical rules for probability.
  • Be able to perform statistical inference based on data.
  • Be able to perform regression analysis to describe the relationship between two variables - including inference related to the parameters in the model.
  • Be able to process and analyze data using software as well as simple programming.
General Competence

Upon completion of the course, students must have developed an understanding of how to arrive at the various methods and procedures used in statistics, as well as being able to apply these efficiently.

Course content
  • Sequences
  • Descriptive statistics
  • Probability models
  • Probability¬†theori
  • Random variables
  • Central limit theorem
  • Estimation
  • Inference
  • Regression analysis
Teaching and learning activities

To support the course literature, notes and exercises with solutions have been prepared for each topic in the course. The students themselves are responsible for acquiring the material in the syllabus. The exam will be based on the students having followed the lectures and solved the exercises throughout the term. Collective feedback and guidance is provided in the form of solutions and/or review in plenary. The course makes use of mathematical/statistical software for calculations, data handling, and simple programming.

Software tools
R/R-Studio
Qualifications

Higher Education Entrance Qualification

Disclaimer

Deviations in teaching and exams may occur if external conditions or unforeseen events call for this.

Required prerequisite knowledge

Basic skills in mathematics and statistics equivalent to admission requirements for the program.

Assessments
Assessments
Exam category: 
School Exam
Form of assessment: 
Written School Exam - pen and paper
Exam/hand-in semester: 
First Semester
Weight: 
100
Grouping: 
Individual
Support materials: 
  • BI-approved exam calculator
  • Simple calculator
Duration: 
3 Hour(s)
Exam code: 
MET11901
Grading scale: 
ECTS
Resit: 
Examination every semester
Type of Assessment: 
Ordinary examination
Total weight: 
100
Student workload
ActivityDurationComment
Teaching
54 Hour(s)
Group work / Assignments
96 Hour(s)
Student's own work with learning resources
40 Hour(s)
Examination
10 Hour(s)
Exam incl. preparation
Sum workload: 
200

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 7,5 ECTS credit corresponds to a workload of at least 200 hours.