SEMESTER V CORE COURSE VII QUANTITATIVE TECHNIQUES FOR ECONOMIC ANALYSIS (EC5B07U) Module I: Role of Statistics in Economics Functions performed Statistical data: – –limitations. Primary and Secondary their sources: Census and sampling techniques Sample designs – – – preparation of questionnaires classification and Tabulation of statistical data Presentation of – – data with the help of charts and diagrams (Histogram, Polygon, frequency curve, Bar chart, Pie diagram, Ogives) 40 hrs Module II: Basic Mathematics for Economic Analysis Basic concepts: variables, constants, – parameters, equations, sequences, progression, population (only definitions with examples) The real number system. Types of numbers properties of real numbers set theory Types Set – – – – operations Venn diagrams Functions: Important economic functions Ordered pairs and – – – Cartesian products. Introduction to matrices Definition and types of matrices. – 30 hrs Module III: Index numbers Different types Importance and limitations, Problems in construction – – – Weighted and Unweighted price index numbers Different methods of construction (Price – indices only) Simple aggregative, simple average of price relatives, Laspeyre’s, Paache’s, – Fisher’s and Marshall Edgeworth’s indices, Cost of living index numbers: significance and construction (Family budget method only). 25 hrs Module IV: Time series analysis: uses, components, measurement of trend (free hand method and semi average method only). 13 hrs
SEMESTER V CORE COURSE VII QUANTITATIVE TECHNIQUES FOR ECONOMIC ANALYSIS (EC5B07U) Module I: Role of Statistics in Economics – Functions performed –limitations. Statistical data: Primary and Secondary – their sources: Census and sampling techniques – Sample designs – preparation of questionnaires – classification and Tabulation of statistical data – Presentation of data with the help of charts and diagrams (Histogram, Polygon, frequency curve, Bar chart, Pie diagram, Ogives) 40 hrs Module II: Basic Mathematics for Economic Analysis – Basic concepts: variables, constants, parameters, equations, sequences, progression, population (only definitions with examples) The real number system. Types of numbers – properties of real numbers – set theory – Types – Set operations – Venn diagrams – Functions: Important economic functions – Ordered pairs and Cartesian products. Introduction to matrices – Definition and types of matrices. 30 hrs Module III: Index numbers – Different types – Importance and limitations, Problems in construction – Weighted and Unweighted price index numbers – Different methods of construction (Price indices only) – Simple aggregative, simple average of price relatives, Laspeyre’s, Paache’s, Fisher’s and Marshall Edgeworth’s indices, Cost of living index numbers: significance and construction (Family budget method only). 25 hrs Module IV: Time series analysis: uses, components, measurement of trend (free hand method and semi average method only). 13 hrs