ECON 221 – Introduction to Probability and Statistics I

Course Description

This course is the first part of a two part course aimed at introducing elementary concepts in probability and statistics. The course will open with both graphical and numerical descriptive statistics. Along the way, we will cover fundamentals in probability theory as well as discrete, continuous, multivariate, and sampling distributions. The course will close with several lectures on estimation theory. The primary aim of the course is to teach the student how to properly conduct statistical inference. Statistics is about making informed decisions with little information. As such, it is one of the most important and powerful sciences of our time. In fact, as we shall see, statistics is more than a science, it is an art! Students wishing to gain the most from this course will strive to gain statistical intuition and prowess. Once you complete this course, your skill set will not only be of use in economics and finance, but in virtually any field you can possibly imagine, including games like poker!

Course Syllabus (Section 2)


Textbook Chapter Solutions

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