Marist College
Economics Department
Spring 2002
FE331 ECONOMIC STATISTICS Prof. Jones
Course Text: Heinz Kohler, Statistics for Business and Economics, Third
Edition.
Course Objectives:
1. To show the relation between probability and statistics.
2. To develop an understanding of hypothesis testing and the wide range
of hypotheses which can be tested.
3. To provide an understanding of regression and correlation analysis
and an opportunity to apply regression analysis to an economic problem.
4. To provide the student "hands-on" experience with QUATTRO PRO and
LIMDEP.
Course Evaluation:
Class Participation 10%
Quizzes 5%
Homework and Computer Work 10%
Quests 35%
Final Exam 25%
Project 15%
Course Outline: Date Due:
I. Introduction and Review January 12
II. The Normal Distribution and Sampling Distributions
Chapter 6
January 24
Problem Set #1: 5,6,7,14,25,31,39, 41,45,47,50,54
January 26
Chapter 7
January 26
Problem Set #2: 3,5,9,13,17,22,25,29,34
January 31
III. Statistical Inference
A. Point and Interval Estimation
Chapter 8
February 7
Problem Set #3: 3,6,9,12,13,18,23,25,29
February 9
B. Hypothesis Testing
Chapter 9
February 9
Problem Set #4: 3,6,12,14,17,23,24,29,39, 40,42,57
February 14
Chapter 10
February 21
Problem Set #5: 1,4,8,16,17,23,24,32,35,39
February 28
Chapter 11
February 28
Problem Set #6: 2,5,13,26,27
March 14
IV. Regression and Correlation Analysis
Chapter 12
March 23
Problem Set #7: 3,11,18,25,35,39*,41*,53*, 57*,59,60
March 30
Chapter 13
March 30
Problem Set #8: 2,9,14,16,20,25,28,34,39,56
April 4
Chapter 14
April 11
Problem Set #9: 4,11,15,16,23
April 18
QUEST Schedule
Quest #1 Chapters 1-5
January 19
Quest #2 Chapters 6-7
February 2
Quest #3 Chapters 8-9
February 16
Quest #4 Chapters 10 & 11
March 16
Quest #5 Chapter 12 & 13
April 6
Project Due: May 2, 1995
Course Policies:
1. Exams, quizzes, homework, papers and projects will be entirely your
own work.
2. You may study together and are encouraged to do so. HOWEVER homework
assignments are to be your own work.
3. All papers and projects for this course will be typewritten on a
microcomputer by you. I will provide help on WORDPERFECT, QUATTRO-PRO,
and LIMDEP only.
4. All quizzes and exams will be taken using QUATTRO-PRO and LIMDEP.
5. All work for this course will be submitted in class on the date
due. NO WORK will be accepted later unless you have written permission
from me.
6. Homework includes the assigned problems and computer work which
will be assigned throughout the course.
a. Chapter Problems are not required unless you score less than 70 on
a quiz. Thus, homework is not required until after the February 2 quiz.
b. If you score higher than a 70 on a quiz, homework will not be required
until your performance on the next quiz falls below a 70.
c. However, if you hand in the homework on time, I will grade the homework
and use those grades, if it helps you.
d. If you perform at 70 or better throughout the course and do not
submit homework, the homework portion of your grade will be your quiz average.
7. Problem Policies. You must:
a. Show all work.
b. Discuss how you arrived at the answer if a formula was not used.
Present the formula and your substitution if a formula was used.
c. Problem sets will be graded on a +, , -, 0 scheme.
d. All problem sets for a particular chapter are due on the date specified.
8. You are responsible for the chapter material on the date established
by the syllabus. You should read the chapter BEFORE coming to class.
Instructor Availability:
Office: Room 84
Office Hours: Monday and Wednesday 1:00PM-3:00PM (Otherwise by appointment)
Phone: X36881 or X36880
268-1390 [available 0900-2100]