Statistical methods in economics

  • What are the examples of economic statistics?

    Some of the main indicators of an economy that provide insight into its health and where the economy is moving include gross domestic product (GDP), inflation, unemployment, money supply, consumer spending, retail sales, and existing-home sales..

  • What is statistical economic analysis?

    Economic statistics is a topic in applied statistics and applied economics that concerns the collection, processing, compilation, dissemination, and analysis of economic data.
    It is closely related to business statistics and econometrics..

The course emphasizes the techniques for fundamentally empirical research, interpretation of quantitative results and model evaluations in finance and economics 

What is econometrics in economics?

Econometrics is an application of statistical methods to economic data in order to give empirical content to economic relationships. More precisely, it is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference." .


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