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ECON 270 Statistics for Economics

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Economics is a very interesting subject. The scope of the economic field is very wide. Economics includes market structure, consumer behaviour, investment, growth, fiscal policy, monetary policy, the role of banks, etc. This list can belong. It also predicts how economic agents will react to economic changes. The ECON 270 Statistics for Economics course comprises topics, such as, descriptive statistics, probability theory, discrete and continuous probability distributions, sample distributions, estimation, hypothesis testing.

It is impossible to imagine an economic problem that is not based on statistical analysis. Every year the State Printing House prepares an economic report for the President. Most of the statistics in the report are based on facts about various aspects of the economy, but many statistics are based on certain statistics.

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