A practical course in the statistical analysis of data. There is a heavy emphasis in this course on the interpretation and communication of statistical findings. Topics such as exploratory data analysis, the analysis of linear models including two-way analysis of variance, experimental design and multiple regression, the analysis of contingency table data including logistic regression, the analysis of time series data, and model selection will be covered.
Analysis of issues that affect our daily lives, including pricing decisions by firms and their impact on our cost of living; game theory and strategic decision-making; tackling problems of pollution and global warming; and how governments use monetary and fiscal policies to stimulate economic growth and address unemployment and inequality.
Prerequisite: BUSINESS 115 or ECON 151 or 16 credits in NCEA Level 3 Economics with a Merit average including standard 91399 (Demonstrate understanding of the efficiency of market equilibrium), or a scholarship pass in Economics, or B grade in CIE Economics or 4 out of 7 in Economics (HL) in IB
The standard Stage I Statistics course for the Faculty of Business and Economics or for Arts students taking Economics courses. Its syllabus is as for STATS 101, but it places more emphasis on examples from commerce.
Economics affects our daily lives and the global environment in many ways. Through the media we are constantly made aware of price increases, interest rate changes, exchange rate movements and balance of payments problems, growth and recessions, standard of living comparisons, regional trading agreements. What does it all mean and how does it all work?
The health care and health insurance industries provide interesting case studies both on how markets can supply important goods and services and also the inherent problems associated with relying solely upon market provision for those goods and services. Over the course of the semester, we will examine models of asymmetric information, externalities, and market power to understand issues as diverse as pharmaceutical patenting and pricing, antibiotic resistance, Medicaid/Medicare, and “Obama-care”
PREREQUISITES: None
Public Finance studies the subset of public (government) policies that are fiscal in nature. Such policies include government taxation, expenditures, and debt. The objective of this course is to provide the conceptual foundation using microeconomic theory to understand the economic impacts of fiscal policies. This course will mainly focus on the federal (national) government, but many of the analyses are directly applicable to state, regional, and local governments as well.
PREREQUISITES: ECON-101 – Must be completed prior to taking this course.
Lecture, three hours; discussion, one hour. Requisite: course 101. Theory of income, employment, and price level. Analysis of secular growth and business fluctuations; introduction to monetary and fiscal policy. P/NP or letter grading.
Introduction to principles of economic analysis, economic institutions, and issues of economic policy. Emphasis on allocation of resources and distribution of income through price system.
