Course Name | Introduction to Probability and Statistics |
Code | Semester | Theory (hour/week) | Application/Lab (hour/week) | Local Credits | ECTS |
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MATH 280 | Fall | 2 | 2 | 3 | 6 |
Prerequisites |
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Course Language | English | ||||||||
Course Type | Required | ||||||||
Course Level | First Cycle | ||||||||
Mode of Delivery | - | ||||||||
Teaching Methods and Techniques of the Course | Lecturing / Presentation | ||||||||
Course Coordinator | |||||||||
Course Lecturer(s) | |||||||||
Assistant(s) |
Course Objectives | To provide the fundamental concepts of Probability and Statistics with applications of business and economic problems. Fundamental statistical methods and applications are presented especially for students who want to specialize in areas where data analysis and results need to be interpreted. |
Learning Outcomes | The students who succeeded in this course;
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Course Description | This course investigate probability, discrete and continuous probability distributions. Also, provides constructing the sampling distributions, confidence interval estimation and Hypothesis tests of one and two populations. |
Related Sustainable Development Goals | |
| Core Courses | |
Major Area Courses | ||
Supportive Courses | ||
Media and Managment Skills Courses | ||
Transferable Skill Courses |
Week | Subjects | Required Materials |
1 | Describing data: graphical | Newbold P., Carlson W.L., Thorne B., “Describing data: graphical”, chap 1 Statistics for Business and Economics, 9th edition (United States of America: Pearson, 2019), 2-38. |
2 | Describing data: numerical | Newbold P., Carlson W.L., Thorne B., “Describing data: numerical”, chap 2 Statistics for Business and Economics, 9th edition (United States of America: Pearson, 2019), 39-72. |
3 | Probability | Newbold P., Carlson W.L., Thorne B., “Probability”, chap 3 Statistics for Business and Economics, 9th edition (United States of America: Pearson, 2019), 73-125. |
4 | Probability | Newbold P., Carlson W.L., Thorne B., “Probability”, chap 3 in Statistics for Business and Economics, 9th edition (United States of America: Pearson, 2019), 73-125. |
5 | Midterm-1 | |
6 | Discrete Random Variable, Bernoulli and Binomial Probability Distributions, Jointly Distributed Discrete Random Variables | Newbold P., Carlson W.L., Thorne B., “Discrete random variables and Probability Distributions”, chap 4 Statistics for Business and Economics, 9th edition (United States of America: Pearson, 2019), 126-176. |
7 | Continuous Random Variable, Normal Distribution, Jointly Distributed Continuous Random Variables | Newbold P., Carlson W.L., Thorne B., “Continuous random variables and Probability Distributions”, chap 5 Statistics for Business and Economics, 9th edition (United States of America: Pearson, 2019), 177-223. |
8 | Sampling, Sampling Distribution of Sample Mean and Sampling Distribution of Sample Proportion | Newbold P., Carlson W.L., Thorne B., “Sampling and sampling distributions”, chap 6 Statistics for Business and Economics, 9th edition (United States of America: Pearson, 2019), 224-263. |
9 | Estimation: Confidence Interval for Single Population Mean, Confidence Interval for Single Population Proportion and Determining Sample Size | Newbold P., Carlson W.L., Thorne B., “Estimation: single population”, chap 7 Statistics for Business and Economics, 9th edition (United States of America: Pearson, 2019), 224-263. |
10 | Midterm-2 | |
11 | Estimation: Confidence Interval for Two Population Means, Confidence Interval for Two Population Proportions | Newbold P., Carlson W.L., Thorne B., “Estimation: additional topics”, chap 8 Statistics for Business and Economics, 9th edition (United States of America: Pearson, 2019), 308-325. |
12 | Hypothesis Testing: Single Population Mean and Single Population Proportion | Newbold P., Carlson W.L., Thorne B., “Describing data: graphical”, chap 9 Statistics for Business and Economics, 9th edition (United States of America: Pearson, 2019), 326-364. |
13 | Hypothesis Testing: Two Population Means and Two Population Proportions | Newbold P., Carlson W.L., Thorne B., “Hypothesis testing: additional topics”, chap 10 Statistics for Business and Economics, 9th edition (United States of America: Pearson, 2019), 365-396. |
14 | Semester review | |
15 | Semester review | |
16 | Final exam |
Course Notes/Textbooks | Newbold P., Carlson W.L., Thorne B., Statistics for Business and Economics, 9th edition (Pearson, 2019), ISBN-13:978-1292315034 |
Suggested Readings/Materials | Lind D., Marchal S., Statistical Techniques in Business & Economics, 17th edition (McGraw-Hill, 2017), ISBN-13: 978-1259666360 |
Semester Activities | Number | Weigthing |
Participation | ||
Laboratory / Application | ||
Field Work | ||
Quizzes / Studio Critiques | 2 | 20 |
Portfolio | ||
Homework / Assignments | ||
Presentation / Jury | ||
Project | ||
Seminar / Workshop | ||
Oral Exam | ||
Midterm | 1 | 30 |
Final Exam | 1 | 50 |
Total |
Weighting of Semester Activities on the Final Grade | 3 | 50 |
Weighting of End-of-Semester Activities on the Final Grade | 1 | 50 |
Total |
Semester Activities | Number | Duration (Hours) | Workload |
---|---|---|---|
Course Hours (Including exam week: 16 x total hours) | 16 | 2 | 32 |
Laboratory / Application Hours (Including exam week: 16 x total hours) | 16 | 2 | |
Study Hours Out of Class | 14 | 2 | 28 |
Field Work | |||
Quizzes / Studio Critiques | 2 | 10 | |
Portfolio | |||
Homework / Assignments | |||
Presentation / Jury | |||
Project | |||
Seminar / Workshop | |||
Oral Exam | |||
Midterms | 1 | 28 | |
Final Exams | 1 | 40 | |
Total | 180 |
# | Program Competencies/Outcomes | * Contribution Level | ||||
1 | 2 | 3 | 4 | 5 | ||
1 | To be able to identify and analyze problems in the field of trade and finance, and to develop solutions. | |||||
2 | To be able to use the theoretical and practical knowledge gained in the field of International Trade and Finance. | |||||
3 | To be able to analyze the developments in global markets by using critical thinking skills. | |||||
4 | To be able to analyze and interpret data in the field of finance, commerce and economics by using information technologies effectively. | |||||
5 | To be able to acquire knowledge about the legal regulations and practices in the field. | |||||
6 | To be able to foresee and define the risks that could be encountered in the field of trade and finance and to take decisions to manage such risks. | |||||
7 | To be able to acquire and use verbal and numerical skills necessary for the nature of the International Trade and Finance program. | |||||
8 | To be able to obtain, synthesize and report the information related to the fields of trade and finance. | |||||
9 | To be able to contribute to the solution of problems as individual, team member or leader. | |||||
10 | To be able to evaluate the issues related to the field with an ethical perspective and social sensitivity. | |||||
11 | To be able to collect data in the areas of International Trade and Finance and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1). | |||||
12 | To be able to speak a second foreign at a medium level of fluency efficiently. | |||||
13 | To be able to relate the knowledge accumulated throughout human history to their field of expertise. |
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest