ECN3971, STATISTICS APPLIED TO ECONOMICS I

Dr. ALI R. MOSHTAGH

2371 COLEMAN HALL

(217) 581 - 2916

DEPARTMENT OF ECONOMICS

amoshtagh@eiu.edu

OFFICE HOURS: 9:00 - 10:00 am MWF, 8:30 - 9:20 TR

COURSE DESCRIPTION:

Measures of central tendency and dispersion, statistical distributions, regression, and hypothesis testing with applications to economics.

I. INTRODUCTION

II. DESCRIPTIVE STATISTICS

III. DATA SUMMARIZATION

IV. INTRODUCTION TO PROBABILITY DISTRIBUTIONS

V. DISCRETE PROBABILITY DISTRIBUTIONS

VI. CONTINUOUS PROBABILITY DISTRIBUTIONS

VII. SAMPLING DISTRIBUTIONS

VIII. ESTIMATION

IX. HYPOTHESIS TESTING

• Procedures for Hypothesis Testing
• Tests of the Mean of a Normal Distribution
• Tests for the Population Proportion
• Tests of the Variance of a Normal Distribution
• Tests for the Difference Between Two Population Means
• Testing of the Equality of the Variances Between Two Normally Distributed Populations
• Assessing the Power of a Test

X. REGRESSION AND CORRELATION

• Correlation Analysis
• The Simple Linear Regression Model
• Least Squares Corfficient Estimators
• Coefficient of Determination, R-Squared
• Prediction

2 EXAMs @ 100 Points each = 200 Points

• EXAM ONE: Mon., 17 February, 2014
• EXAM TWO: Wed., 26 March, 2014
ASSIGNMENTS = 50 Points

FINAL EXAM = 100 Points

• FINAL EXAM: Tuesday, May 6, 2014, 12:30 pm - 2:30 pm

TOTAL = 350 Points

The following grading scale will be used to assign letter grades for the course:

• A: 90% of 350 points or more
• B: 80% to 89.99% of 350 points
• C: 70% to 79.99% of 350 points
• D: 60% to 69.99% of 350 points
• F: Below 60% of 350 points

NOTE 1:

No EXAM grade will be eliminated. No EXAM will be made up unless arrangements have been made PRIOR TO THE SCHEDULED EXAM DATE. Late assignments will NOT be accepted.

NOTE 2:

NOTE 3:

"Each faculty member has the authority to establish the conditions for student cell phone use in his/her classroom. These conditions are at the discretion of the faculty member, but will provide that a university-initiated campus security text message can be received and disseminated to those in the classroom in a timly manner." Eastern position on cell phones in classrooms.

TEXTBOOKS:

Statistics for Business and Economics by Paul Newbold, William Carlson and Betty Thorne, Sixth Edition, Prentice Hall, Upper Saddle River, New Jersey, 2007, http://www.prenhall.com/newbold

EVEN YOU CAN LEARN STATISTICS - A GUIDE FOR EVERYONE WHO HAS BEEN AFRAID OF STATISTICS by David M. Levine and David F. Stephan, Second Edition, Pearson Education, Inc. Publishing as FT Press, Upper Saddle River, New Jersey, 2010.

SPECIAL DATES IN THE SPRING TERM 2014 CALENDAR

Classes Begin: January 13, 2014

M.L. King's Brithday Observance-No Classes: January 20

Last Day to Drop a Course With No Grade: January 27

W for Course Withdrawal Beings: January 28

Lincoln's Birthday Observance-No Classes: February 14

Mid Term: March 6

Spring Recess: March 10 - 14

Last Day to Withdraw from a Course or University with W: April 4

Final Examinations: May 5 - 9

Deadline to Return Books/TRS/No Fine 3 p.m. May 9