INTERNATIONAL ISLAMIC UNIVERSITY MALAYSIA

COURSE OUTLINE

Kulliyyah Economics & Management Sciences

Department Economics

Programme Bachelor of Economics/Bachelor of Business Administration/Bachelor of

Accounting

Course Title Statistical Methods

Course Code ECON 1140

Status Core

Level 1

Student
Learning Time Lecture : 40.00 hours
Pre-lecture reading : 30.00 hours
Exercises : 14.00 hours
Assessments : 36.50 hours
Total hours : 120.50
Credit Hours 3

Contact Hours Lecture – 3 hours

Pre-requisites Nil
(if any)
Co-requisites Nil
(if any)
Instructor(s) Dr. Gairuzazmi M. Ghani (Coordinator)
Assoc. Prof. Dr. Zarinah Hamid
Dr. Rafia Afroz

Semester Semesters I & II

Offered
Course Synopsis This course presents introductory methods in descriptive and inferential
statistics and their applications. Specific topics include numerical and
non-numerical methods of describing data, probability distribution,
random variables, sampling distributions and hypothesis testing.

1
Course The course aims at providing students basic skills in performing statistical
Objectives calculation, analysis and interpreting data relevant in the areas of
economics, accounting and business.

Learning At the end of the course, students should be able to:

Outcomes
1 Compute and interpret basic statistics
2 Identify relevant sampling distribution of a variable for problem-
solving purposes
3 Apply steps of inferential statistics in economics, accounting and
business
4 Derive conclusions from data analysis

Instructional Lecture and Tutorial

Strategies
Course
Assessment LO Method %
State weightage 1,2,3 Midterm 30
of each type of 1,2,3,4 Quizzes 20
assessment. 1,2,3,4 Assignments 10
1,2,3,4 Final examination 40

Content Outlines

Weeks Topics Task/Reading

1 1 Introduction to Statistics Chapter 1

2 2 Describing Data Chapter 2, 3, 4

• Tabular and graphical methods
• Numerical methods

3 3 Index Numbers Chapter 15

• Price relatives
• Aggregate price indices
• Some important indices

4,5 4 Probability Chapter 6, 7

• Discrete probability distributions
• Continuous probability distributions

6 5 Sampling and Sampling Distributions Chapter 8

• Random sampling
• Sampling distributions of a single mean and
proportion

2
7 6 Interval Estimation Chapter 9
• Interval estimation of population mean and
proportion
• Interval estimation of means and proportions
with two populations

8, 9, 10, 11 7 Hypothesis Testing Chapter 10, 11

• The null and alternative hypotheses
• Type I and type II errors
• One-tailed and two-tailed tests
• Hypothesis testing – single and two population
means
• Hypothesis testing – single and two population
proportions

12,13 8 Analysis of Variance (ANOVA) Chapter 12

• Testing for equality of k population means
• The F-distribution and ANOVA table

14 9 Chi-Square Chapter 17
• Goodness-of-Fit Test
• Limitations of Chi-square
• Contingency Table Analysis

References Required:
Lind, D. A. et. al. (2010). Statistical techniques in business and economics. 14th
Edition. McGraw-Hill.

Recommended:
Nor, L. M. et. al. (2004). Statistics made simple. 2nd Edition. Research Center
IIUM.

Proposed July 2010, Semester 1, 2010/11

Start Date
(Semester)
Batch of
Students to
be Affected

Prepared by: Checked by: Approved by:

__________________ __________________ ______________
(Dr. Gairuzazmi M Ghani) (Dr. Alias Mat Derus) (Prof. Dr. A Khaliq Ahmad)