Statistical Method in Economics OpenCourseWare: MIT's Free Bachelor Level Statistics for Economics Course

Published Mar 07, 2009

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The Massachusetts Institute of Technology (MIT) offers its 'Introduction to Statistical Method in Economics' course as free OpenCourseWare. The original course introduced B.S. in Economics candidates to the basic statistical concepts they'll need to understand advanced econometric techniques like multiple regression and maximum likelihood estimation. The materials in this OpenCourseWare may be useful for undergraduate students majoring in Economics and social sciences like politics and sociology.

Introduction to Statistical Method in Economics: Course Specifics

Degree Level Free Audio Video Downloads
Undergraduate Yes No No Yes

Lectures/Notes Study Materials Tests/Quizzes
Yes Yes Yes

Introduction to Statistical Method in Economics: Course Description

'Introduction to Statistical Method in Economics' was a required statistics class for students in the Bachelor of Science in Economics degree program at the Massachusetts Institute of Technology. Professor Herman Bennett designed 'Introduction to Statistical Method in Economics' as a lecture class. The course introduced the basics of probability theory, including combinations, permutations and the conditional probability function. It also covered commonly used distribution functions like the cumulative, bivariate and conditional distribution functions. 'Introduction to Statistical Method in Economics' concluded with lessons on estimating confidence intervals (a way to determine the precision of your statistical prediction) and testing simple hypotheses.

This free OpenCourseWare contains lecture notes, a reading list, exams and assignments with solutions, and links to course related resources like an online textbook and a statistics glossary. To access these materials, visit the statistical methods introduction course page.

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