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2018/19 Undergraduate Module Catalogue

LUBS1270 Statistics for Economics and Business 1

10 creditsClass Size: 520

Module manager: Dr Gaston Yalonetzky

Taught: Semester 2 (Jan to Jun) View Timetable

Year running 2018/19

Pre-requisite qualifications

GCSE Math Grade A


LUBS1950Economic Theory & Apps 1

This module is mutually exclusive with

MATH0365Foundation Probability and Statistics
MATH1710Probability and Statistics I

This module is not approved as a discovery module

Module summary

This module introduces the basic statistical tools that are pre-requisites for understanding economics and business. IMPORTANT NOTE: - This module should NOT to be taken by students who have completed both S1 AND S2 in A-level Mathematics.


The module aims to introduce and train students, without any prior A-level knowledge in statistics, in the most basic statistical concepts, and problem-solving techniques, ranging from visual and numerical methods in descriptive statistics to one-sample hypothesis testing in inferential statistics.

Learning outcomes
Upon completion of this module, students will be able to:
- Engage with the applied literature in economics, accounting and industrial studies which utilise the basic statistical techniques
- Recognise and apply the main elementary techniques in statistics to general quantitative problems

Skills outcomes
Upon completion of this module, students will be able to:
- use applications of statistics to solve basic problems in accounting, economics, and finance


Indicative content
- Descriptive statistics: visual and numerical methods.
- Probability theory
- Probability distributions
- Confidence interval estimation
- Hypothesis testing (one sample)

Teaching methods

Delivery typeNumberLength hoursStudent hours
Private study hours73.00
Total Contact hours27.00
Total hours (100hr per 10 credits)100.00

Private study

Student will be required to engage with the lecture and tutorial material and in particular solve independently problems which will deepen their understanding of the material.

Opportunities for Formative Feedback

Students will complete weekly workshop exercises, periodic tests and will also be given the opportunity to attempt mock examinations. Comments and marks received for these tests are not part of the formal module-exam, and are intended solely to assist students with their exam preparations.

Methods of assessment

Exam typeExam duration% of formal assessment
Standard exam (closed essays, MCQs etc)1 hr 30 mins100.00
Total percentage (Assessment Exams)100.00

The resit for this module will be 100% by 1.5 hour examination.

Reading list

The reading list is available from the Library website

Last updated: 12/12/2018 10:48:53


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