ECON 245

Descriptive Statistics and Probability

Units: 1.5

Hours: 3-1

Populations, samples, measures of central location and dispersion. Deterministic time series analysis: trends, moving averages, seasonal adjustment, index numbers. Probability laws. Discrete and continuous random variables. Joint, marginal, and conditional distributions. Mathematical expectation and variance. Functions of random variables; laws of expectation. Covariance and correlation. Binomial, Poisson, and normal distributions.


  • Credit will be granted for only one of ECON 245, ECON 240.
  • See "Credit Limit - Beginning Level Statistics Courses".


Pre- or Co-requisites:

Undergraduate course in Economics offered by the Department of Economics in the Faculty of Social Sciences.

Fall 2017 Spring 2018 Summer 2018

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