units

ETC2520

Faculty of Business and Economics

Undergraduate - Unit

This unit entry is for students who completed this unit in 2013 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

print version

6 points, SCA Band 3, 0.125 EFTSL

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LevelUndergraduate
FacultyFaculty of Business and Economics
Organisational UnitDepartment of Econometrics and Business Statistics
OfferedClayton Second semester 2013 (Day)
Coordinator(s)Dr Phillip Edwards

Synopsis

An introduction to probability and statistical inference for use in economics and business. Topics covered include random variables, moments and cumulants generating function, discrete and continuous distributions, independence, jointly distributed random variables, conditional random variables, the central limit theorem, sampling distribution, properties of estimators, confidence intervals, tests of hypotheses.

Outcomes

The learning goals associated with this unit are to:

  1. understand concepts of probability, statistical inference, generating functions and cumulants
  2. derive and use generating functions to evaluate moments and establish the distribution of linear combinations of independent random variables
  3. understand and apply the main methods of estimation and the main properties of estimators
  4. construct confidence intervals for unknown parameters and test hypotheses
  5. develop written, presentational and group work skills through a series of assessed essays, assignments and tutorial work.

Assessment

Within semester assessment: 30%
Examination: 70%

Chief examiner(s)

Contact hours

4 hours per week

Prerequisites

Prohibitions