Essentials of Economic and Statistical Analysis

Catalog description

In this course, students will gain familiarity with essential concepts of economics and statistics and be ready to apply these concepts in business applications in subsequent graduate business coursework. Economics principles include supply and demand, exchange rates, elasticity, features of perfectly competitive markets, and features of oligopoly where businesses have market power and their decisions are interdependent. Statistical tools include common measures of central tendency, computing and interpreting confidence intervals and hypothesis tests, and visualizing and interpreting correlation and regression results.