EC80341: Statistics for Economics (ODEL)

Module general introduction

This module introduces statistical methods applied in economics. It equips learners with tools to summarize, interpret, and analyze economic data, supporting decision-making and forecasting.

Module general aims

• Provide foundational knowledge of descriptive and inferential statistics.
• Develop skills in probability, correlation, regression, and time series analysis.
• Enable application of statistical techniques to real-world economic problems.

Module general learning outcomes

By the end of the module, students should be able to:

1.     Summarize and interpret economic data using measures of central tendency and dispersion.

2.     Apply probability theory to economic decision-making.

3.     Analyze economic trends using time series methods.

4.     Use statistical tools for hypothesis testing, correlation, and regression.

Module facilitator:

Mr. Alex B. KABUTO

Tel: 0782147719

E – mail: a.kabuto@ur.ac.rw