Monash University Handbooks 2008

ETC2520 - Probability and statistical inference for economics and business

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate Faculty of Business and Economics

Leader: Dr Giovanni Forchini

Offered

Clayton First semester 2008 (Day)

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.

Objectives

The learning objectives of this unit are to:

Assessment

Within semester assessment: 30%
Examination: 70%

Contact hours

Two 1-hour lectures and one 2-hour tutorial per week

Prerequisites

ETC1010

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