BSc International Economics options
Year 1, Component 02
EC114-4-FY or (MA114-4-AU and MA108-4-SP)
Introduction to Quantitative Economics
What are the main sources of economic data? And how is data used in economics? Study the methods of quantitative economics, looking at how economic data is described and analysed. Learn to read, understand and manipulate data from both a theoretical and empirical perspective.
How do you apply the addition rule of probability? Or construct appropriate diagrams to illustrate data sets? Learn the basics of probability (combinatorial analysis and axioms of probability), conditional probability and independence, and probability distributions. Understand how to handle data using descriptive statistics and gain experience of R software.
You'll be introduced to a range of important concepts which are used in all areas of mathematics and statistics. This module is structured in such a way that during learning sessions you'll develop good practical understanding of these concepts via discussion and exercises, and have an opportunity to ask questions. Theory is introduced via recorded videos and the corresponding notes published on Moodle, and also via recommendations of textbooks. The contact hours are dedicated to interactive activities such as lab exercises and flipped lecture quizzes; also you will have some additional formative tests in Moodle.
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