Statistics Applied to Economics I††††††††††††††††††††††† ††††††††††† Instructor: Noel Brodsky

Economics 3971††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† Office: 2831 (215D) Coleman Hall

Fall 2014†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† Phone: (910) 688 3788


††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† Hours: 1:00pm-2:00pm MWF

††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† or by Appointment


††† 2 Regular Exams (100 points each)†††††††††††††††††††† ††††= 200 points

††† 1 Semester Project - 50 points)††††††††††††††††††††††† †††††=†† 50 points

††† 1 Final Exam (cumulative)††††††††††††††††††††††††††††††††††† = 200 points

††††††††††††††††††††††††††††††††††††††††††††††††††††† †††††††††† ††††††††††Total450 points


Expected Grade Distribution and Curve Structure:

††† There is not likely to be an explicit curve for the class.Any adjustment to the scores on an exam will be the result of where the scores are and class effort.


††† The Cutoffs are as follows:

88% = A, 77% = B, 66% = C, 55% = D, below 55% is an F


Special Information:

Semester Project:

††††† The semester project involves the design and execution of an experiment that uses 1000 replications.This could be 1000 flips of a coin, 1000 rolls of a dice, a 1000 draws from a deck of cards or some other suitable experiment in probability.The write up will be a short (1-2 pages, double spaced not including graphics).You will also report all the data generated by the experiment.†† The write up must utilize a word processor, done by the student turning in the paper in for his or her grade.Failure to do this will result in a failing grade for the paper.The project may be turned in on the Monday following the Friday due date, with the loss of 2 letter grades, each day thereafter, one letter grade is lost.††† Under no circumstances should you copy any other person's work, and you must cite all sources.


Make-Up Exams:There must be a very compelling reason to be granted a make-up exam, which, if at all possible, should be arranged in advance.I do not intend to give make-up exams, if I can avoid it.

If you have a documented disability, and wish to discuss academic accommodations, please contact me as soon as possible.

††††††††††††††††††††††††††††††††††††††††††††††††††††† Semester Project due date:


††††††††††††††††††††††††††††††††††††††††† (2) Friday, November 21, 2014 at 3:00 pm





Statistics Applied to Economics I - Economics 3971

N. Brodsky, Instructor


Text1:Statistics for Business and Economics by Paul Newbold, William Carlson and Betty Thorne, Sixth Edition, Prentice Hall, Upper Saddle River, New Jersey, 2007.

1. Why Study Statistics?

2. Describing Data: Graphical

3. Describing Data: Numerical

4. Probability

5. Discrete Random Variables and Probability Distributions

6. Discrete Random Variables and Probability Distributions

7. Sampling and Sampling Distibutions

8. Estimation: Single Populations

10. Hypothesis Testing

11. Hypothesis Testing II

Text2:Even You Can Learn Statistics by David M. Levine and David F. Stephen, Second Edition, Pearson Education, Upper Saddle River, New Jersey, 2010.

1. Fundamentals of Statistics?

2. Presenting Data in Charts and Tables

3. Descriptive Statistics

4. Probability

5. Probability Distributions

6. Sampling Distributions and Confidence Intervals

7. Fundamentals of Hypothesis Testing

8. Hypothesis Testing: Z and t Tests

††††††††††† Iíll suggest problems to do at the end of each chapter, though I will not require them to be done, nor will I issue a grade for them.However, you are strongly encouraged to do them, and are welcome to show the results to me for review.