SSE-BRIDGE
COURSE-2022
STATISTICS FOR ECONOMICS
BY PRAJAKTI GOKHALE
OBJECTIVE OF BRIDGE COURSE:
▪To introduce syllabus of Statistics
▪ Syllabus discussion
▪Nature of the subject
▪Perspective of learning Statistics
▪Applications
▪Discussions
SYLLABUS: 60 hours: Number of Credits: 4
Learning Objective:
▪ To enable a student to present data in graphical and tabular
form
▪ To enable a student to summarize data sets using different
statistical measures
▪ To enable a student to analyze economic data using
statistical concepts and tools
UNIT 1: 8 hours
▪ Frequency Distribution and Tabulation,
▪ Measures of Central Tendency: Average, Arithmetic
Mean, Geometric Mean, Harmonic Mean,
Quadratic Mean or the Root Mean Square,
▪ Partition values: Median and Quartiles,
▪ Mode
▪ Outliers
▪ Mis-use of Statistics
UNIT 2: 6 hours
▪ Measures of Dispersion: absolute and relative
▪ Range
▪ Quartile Deviation
▪ Mean Deviation,
▪ Variance,
▪ Moments of Distribution
UNIT 3: 8 hours
▪Correlation and Regression
▪ Concept of Correlation and Regression
▪Pearson’s Coefficient of Correlation,
▪Scatter Diagram
▪Method of Least Squares
▪Regression Equations,
▪Coefficient of Determination
▪Multiple Correlation
UNIT 4: 8 hours
▪ Time Series: Regularity and Order in data
▪ Time Series and Frequency Distributions
▪ Objectives and Uses of Time Series Analysis
▪ Time Series Analysis,
▪ Components of time series: Trend Cyclical Effects,
Business Effects
▪ Seasonal Effects, Irregular Fluctuations
UNIT 5: 8 hours
▪Index Numbers: Concept,
▪Price Relative, Quantity Relative, Value Relative,
▪Laspeyer’s, Paasche’s and Fisher’s Indices,
▪Tests for Ideal Index Numbers,
▪Wholesale Price Index Number,
▪Cost of Living Index Numbers,
▪Consumer Price Index Numbers
UNIT 6: 12 hours
▪ Probability: The Concept of Probability,
▪ Definitions related to Probability and their
Limitations,
▪ Different Axioms and Properties,
▪ Conditional Probability,
▪ Fundamental Laws,
▪ Bayes’ Theorem,
▪ Random Experiment, and expectation
UNIT 7: 10 hours
▪ .Probability Distributions: Mass and Density
Functions,
▪ Distribution Functions,
▪ Discreet and Continuous Distribution,
▪ Uniform,
▪ Binomial,
▪ Poisson,
▪ Normal, their
▪ Relations, Expectations, Mean and Variance.
▪ Applications of Uniform, Binomial, Poisson and
Normal Distributions
Recommended Books
▪ Statistical Methods – N.G. Das
▪ Gerald, Keller: Statistics for Business and
Economics
▪ Anderson ,Sweeney
▪ Statistical methods- 1- Bhavna Deshpande-
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