Syllabus

ST0058 Statistics for Business and Economics, 15.0 Credits

Subjects

Education cycle

Modules

Advanced study in the main field

Grading scale

Language

Prior knowledge

Objectives

The aim of the course is to give basic knowledge in statistics with applications in economics and business and administration.

After the course, the student should be able to:

• describe economical data in tables and graphs.

• apply basic statistical principles and probability concepts.

• calculate confidence intervals and perform hypothesis testing.

• explain the meaning of statistical error margin and statistical significance.

• analyse frequency data

• manage and interpret regression and time series models and to make forecasts.

• design a statistical study

• collect data through survey and compile the results in a report.

• use a statistical software package to analyse data.

Content

The course comprises lectures, exercise classes, two compulsory assignments and computer exercises.

Part 1, 5 hp

• descriptive statistics including diagrams, tables and measures of mean and variation.
• basic probability theory and discrete and continuous probability distributions.
• methods for control of statistical uncertainty, e.g. hypothesis testing and confidence intervals.
• analyse of frequency data.

Part 2, 5 hp

• simple and multiple regression analyses.
• introduction to time series analysis.

Part 3, 3 hp

• questionnaire survey, assignment.

Part 4, 2 hp

• regression and time series analysis, assignment

Grading form

Formats and requirements for examination

Part 1

• passed written exam. The written exam will be graded U, 3, 4 or 5.

Part 2

• passed written exam. The written exam will be graded U, 3, 4 or 5.

Part 3

• passed oral and written presentation in at least one compulsory seminar. Opposition of another group’s work is also a part of the examination. The valid grades for the, written report, oral presentation, opposition, assignments and participation in seminars are U Fail or G Pass.

Part 4

• passed oral and written presentation in at least one compulsory seminar. The valid grades for the, written report, oral presentation, assignments and participation in seminars are U Fail or G Pass.

To pass the whole course, it’s required that all the exams and the compulsory parts are passed. The grade will be a summary assessment of the results of the examinations of all four parts. The final grade will be given after all the compulsory parts are passed.

• If a student has failed an examination, the examiner has the right to issue supplementary assignments. This applies if it is possible and there are grounds to do so.

• The examiner can provide an adapted assessment to students entitled to study support for students with disabilities following a decision by the university. Examiners may also issue an adapted examination or provide an alternative way for the students to take the exam.

• If this syllabus is withdrawn, SLU may introduce transitional provisions for examining students admitted based on this syllabus and who have not yet passed the course.

• For the assessment of an independent project (degree project), the examiner may also allow a student to add supplemental information after the deadline for submission. Read more in the Education Planning and Administration Handbook.

Other information

• The right to participate in teaching and/or supervision only applies for the course instance the student was admitted to and registered on.

• If there are special reasons, students are entitled to participate in components with compulsory attendance when the course is given again. Read more in the Education Planning and Administration Handbook.

Responsible department

Department of Energy and Technology