Learning outcomes

This module provides the basic techniques of descriptive statistics, probability and statistical inference to undergraduate students in economics and business studies. Prerequisite to the course is the mastering of a few basic mathematical concepts such as limit, derivative and integration at the level of an undergraduate first year introductory course in calculus. Overall, these techniques provide the necessary toolkit to carry out quantitative analyses in the processes related to the observation and understanding of collective phenomena. From a practical point of view, they are necessary for descriptive, interpretative and decision-making purposes and for conducting statistical studies related to economic and social phenomena. In addition to providing the necessary mathematical apparatus, the course also provides the conceptual tools for a critical evaluation of the presented methodologies. At the end of the course, students should be able to understand statistical information, carry out statistical analyses of economic and social phenomena, and to use basic statistical techniques and models for decision-making in business enterprise.