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EXC 2904 Statistics

EXC 2904 Statistics

Course code: 
EXC 2904
Department: 
Economics
Credits: 
7.5
Course coordinator: 
Svein Lund
Product category: 
Bachelor
Portfolio: 
Bachelor - Core Courses
Semester: 
2020 Spring
Active status: 
Active
Teaching language: 
English
Course type: 
One semester
Introduction

This course gives an introduction to statistics. Main themes are descriptive statistics, probability and hypothesis testing. Formulas and formal procedures play an important role, but the emphasis is on developing statistical literacy and critical thinking.

Learning outcomes - Knowledge
  • To understand the relevance of statistical analysis in economics and marketing
  • Knowledge of basic concepts and overview of statistics
  • Understanding the difference between a population and a sample
  • Understanding what a random variable and a statistical model is
  • Understanding that statistical methods are based on assumptions that must be checked
  • Understanding what estimation and hypothesis testing is about
  • To be able to reflect on the role of randomness
  • To be acquainted with the statistical and mathematical notations used in statistics
Learning outcomes - Skills
  • To be able to discern randomness from real underlying effects
  • To be able to use statistical software and interpret computer displays from such software
  • To be able to produce statistical graphics
  • To be able to compute probabilities and confidence intervals
  • To be able to conduct the most basic types of hypothesis testing and estimation
General Competence
  • To understand that statistical methods can be wrongly applied and lead to false conclusions
  • To understand that in many situations a statistical analysis will help making better decisions
Course content
  • Graphical and descriptive statistics
  • Random samples and populations
  • Discrete and continuous random variables
  • Probability
  • Statistical models
  • Estimation
  • Confidence intervals
  • Hypothesis testing
  • Correlation and regression
  • Chi square tests
Teaching and learning activities

There are 48 course hours, 38 of which are ordinary lectures where the syllabus is covered. The remaining 10 hours will be dedicated to SAS JMP or Excel demonstrations in class.  

For each week there will be given a work programme with literature references and exercises. Training / use of Excel will be integrated into teaching. In the lectures the theory will be exemplified by a set of SAS JMP data samples with exercises. The final exam is loosely based on these SAS JMP examples.

The course uses an appropriate statistical software.

Work requirements
There are 8 mandatory multiple choice tests to be answered in It's Learning. 

If a test is not approved in the first try, the student can retry. It is mandatory that the student get approved at least 5 of these tests in order to take the final exam.

Software tools
SAS - JMP
Additional information

Re-sit examination
Students without the approved coursework requirements, must re-take the exercises during the next scheduled course.

Students that have not passed the written examination or who wish to improve their grade may re-take the examination in connection with the next scheduled examination.

Qualifications

Higher Education Entrance Qualification.

Required prerequisite knowledge

No particular prerequisites.

Mandatory courseworkCourseworks givenCourseworks requiredComment coursework
Mandatory85The student must pass 5 of the 8 Work Requirements to be able to sit for the exam.
Mandatory coursework:
Mandatory coursework:Mandatory
Courseworks given:8
Courseworks required:5
Comment coursework:The student must pass 5 of the 8 Work Requirements to be able to sit for the exam.
Exam categoryWeightInvigilationDurationSupport materialsGroupingComment exam
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
EXC29041
Grading scale:
ECTS
Grading rules:
Internal and external examiner
Resit:
Examination when next scheduled course
100Yes5 Hour(s)
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
Individual
Exams:
Exam category:Submission
Form of assessment:Written submission
Weight:100
Invigilation:Yes
Grouping (size):Individual
Support materials:
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
Duration:5 Hour(s)
Comment:
Exam code:EXC29041
Grading scale:ECTS
Resit:Examination when next scheduled course
Type of Assessment: 
Ordinary examination
Total weight: 
100
Workload activityDurationType of durationComment student effort
Teaching48Hour(s)
Submission(s)50Hour(s)Multiple-choice tests on Itslearning.
Group work / Assignments42Hour(s)SAS JMP work
Self study40Hour(s)
Examination20Hour(s)Exam incl. preparations.
Expected student effort:
Workload activity:Teaching
Duration:48 Hour(s)
Comment:
Workload activity:Submission(s)
Duration:50 Hour(s)
Comment:Multiple-choice tests on Itslearning.
Workload activity:Group work / Assignments
Duration:42 Hour(s)
Comment:SAS JMP work
Workload activity:Self study
Duration:40 Hour(s)
Comment:
Workload activity:Examination
Duration:20 Hour(s)
Comment:Exam incl. preparations.
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.