Indiana University Northwest
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Course Description

 Dr. Surekha Rao

Surekha Rao, Ph.D.
School of Business and Economics
skrao@iun.edu

Office: Dunes/Med Bld 1122
Phone: 219-980-6934

Online Course Offered:
Fall Semester

ECON -E 270 Introduction to Statistics for Economics and Business

Course Description  

This course introduces basic statistical methods for business and economic data analysis .Statistics is essential for proper understanding of the working of a business enterprise and an economy. The course will teach you tools, techniques for reporting, presenting, summarizing and interpreting the data. In this course you will also learn fundamentals of statistical inference based on probability theory for estimation and testing of hypotheses.  The course will teach you how to build simple regression models for economic and business decisions and forecasting. This course extensively uses statistical commands and functions from MS Excel 2010 for problem solving.

For a complete Description for this course, click on the Course Syllabus tab.

Course Goals and Objectives  

The major learning goals of this class course are:

  1. To learn about the basic tools of summarizing data: various measures of averages, and measures of  variation and correlation
  2. To learn about the graphical presentation of data
  3. To get basic understanding of probability and  probability distributions with emphasis on Normal distribution
  4. To learn about random sample, sampling techniques, and sampling distributions
  5. To estimate unknown quantities( parameters) and testing of simple hypothesis
  6. Correlation and Regression including simple linear regression modeling and forecasting
  7. Problem solving with Excel
  8. Apply these skills for some real world  economic and business problems

For a complete listing of Objectives for this course, click on the Course Syllabus tab.

Course Activities  

The key course activities in this online class are:

1.       Assignments: The course uses mystatlab.com, publishers’ website for Assignments. These assignments are all problem solving based on tools and methods learnt during the week. There will total of 10 assignments worth 30% of the grade.

2.       Exams: There will be a midterm and a final exam, each worth 20% of the grade. The exams will be also conducted on Mystatlab.com. The exact dates for these exams will be announced in the Syllabus.

3.       Forums: There will be weekly forums and your participation in those forums is essential. Each week your instructor will post a question/ task that covers materials covered in the chapters assigned for the week and you are expected to answer the question and complete the task. This assignment is worth 10% of the course grade. 

4.     Project: Each student is expected to complete an individual project. The project will be an application of the statistical methods learnt during this course. The project will show case your skills in applying these tools and methods for a real world business and /economic problem .The project guidelines will be given in the beginning of the semester. The project will be worth 20% of your course grade.

 
 

For a complete list of Activities/Assignments for this course, click on the Course Syllabus tab.

The key course activities in this online class are:

1.       Assignments: The course uses mystatlab.com, publishers’ website for Assignments. These assignments are all problem solving based on tools and methods learnt during the week. There will total of 10 assignments worth 30% of the grade.

2.       Exams: There will be a midterm and a final exam, each worth 20% of the grade. The exams will be also conducted on Mystatlab.com. The exact dates for these exams will be announced in the Syllabus.

3.       Forums: There will be weekly forums and your participation in those forums is essential. Each week your instructor will post a question/ task that covers materials covered in the chapters assigned for the week and you are expected to answer the question and complete the task. This assignment is worth 10% of the course grade.

4.       Project: Each student is expected to complete an individual project. The project will be an application of the statistical methods learnt during this course. The project will show case your skills in applying these tools and methods for a real world business and /economic problem .The project guidelines will be given in the beginning of the semester. The project will be worth 20% of your course grade.

Course Syllabus  

INDIANA UNIVERSITY NORTHWEST  | SCHOOL OF BUSINESS AND ECONOMICS

ECON E270: Introduction to Statistics for Economics and Business

Online Course Syllabus

Time: Online

Place: Online

Instructor: Surekha Rao, Ph.D

Office: Dunes Med/Prof Building 1122

Phone: (219) 980-6934

Email: skrao@iun.edu

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