Statistical Methods in Economics
Course code
old course code
Course title in Estonian
Statistilised meetodid majanduses
Course title in English
Statistical Methods in Economics
ECTS credits
approximate amount of contact lessons
Teaching semester
Assessment form
lecturer of 2020/2021  Autumn semester
õppejõud on määramata
lecturer of 2020/2021  Spring semester
lecturer not assigned
Course aims
Optional subject, or Minor (Mathematical Economics) subject. To give overview about statistical methods in economics and about possibilities of Excel in statistics.
Brief description of the course
Hypotheses testing in economics. Forecasts in economics. Decision-making process. Concept of model. Statistical models. Process of modelling. Confidence level of the model. The statistical importance of parameters of the model. The elementary analysis of time series. Trend fitting. The factor analysis. Opportunities of MS Excel in economic statistics.
Independent work
2 tests, literature review
Learning outcomes in the course
Knows mathematical facts and is able to use methods in volume of a subject.
Assessment methods
Graded assessment, grade is calculated as an average of two tests. Tests include both practical and theoretical questions.
van teadur Maria Zeltser
Replacement literature
Aarma, A.; Vensel, V. 2005 Statistika teooria põhikursus. Külim;
Aarma, A. 2000 Majandusstatistika. Tallinn: Tallinna Tehnikaülikooli Kirjastus;
Kiviste, A. 1999 Matemaatiline statistika MS Exceli keskkonnas. GT Tarkvara;
Watsham, T. J. 1996 (vene keeles 1999) Quantitative Methods in Finance. International Thomson Press;
Parring, A.- M.; Vähi, M. Käärik 1997 Statistilise andmetöötluse algõpetus. TÜ Kirjastus. 405 lk;