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Minutes Course Meeting 003

Economic

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43 views4 pages

Minutes Course Meeting 003

Economic

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Double Vision
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Department of Economics

University of Delhi, Delhi

Minutes of Meeting

Subject : B.A. (H)ECON003


Semester : I
Course : Introductory Statistics for Economics
Date & Time : 13-May at 11:30 AM
Venue : Department of Economics
Chair : Rohini Somanathan and Reetika Garg

The meeting was attended by the following teachers

1 Abhash Kumar ARSD college


2 Anil Kumar Ramjas College
3 Ankur Bhatnagar Satyawati College
4 Rakesh Kumar Motilal Nehru College
5 Gaganpreet Kaur SGTB KHALSA COLLEGE
6 Kanika Pathania Sri Venkateswara College
7 Neha Anand Satyawati College ( Eve)
8 Neha Verma Kirori Mal College
9 Nishtha sadana Gargi college
10 Sri Guru Gobind Singh College of
Paramjeet Kaur Commerce
11 Pooja Sharma Daulat Ram College
12 Poonam Kalra St. Stephen’s College
13 Richika Rana JDMC
14 Lady Shri Ram College for
Shubhi Singh Women

Course Objectives: The course familiarizes students with methods of summarizing and
describing important features of data. The course teaches students the basics of probability
theory and sets a necessary foundation for Inferential Statistical Theory and the Econometrics
courses. The familiarity with probability theory will also be valuable for courses in economic
theory.

Course Learning Outcomes: The student would understand the concept of probability,
random variables and their distributions and become familiar with some commonly used
discrete and continuous distributions of random variables so that they would be able to
analyse various real-life data.

A meeting of teachers of this course was held to discuss the following:

 The detailed reading list for the UGCF course to be implemented in the
academic session 2024-25.
 The pattern of the semester-end exam.
 How to give a good intuition of the concepts to the students by using some
practical concepts.

The issues discussed in the meeting are as follows:

1. It was felt that multiple textbooks with different notation and slightly different
definitions are confusing for students. It would be better to focus on a single textbook
and use the others as supplementary material for practice with problem-solving. This
would also allow more material in the basic textbook to be covered. Accordingly, it was
decided to use J. Devore’s textbook as the principal text.
2. Detailed Chapter-wise readings are reported in the table given below.
3. Students should be aware of the following topics; however, no questions should be asked
in the examinations:
a) Stem and Leaf Display
b) Only analytical questions on pictorial representation should be asked in the exams
c) Relation between Poisson distribution and Exponential Distribution
d) Double integration for Joint continuous random variables in Ch 5 should be kept
simple.
4. The teacher’s expressed the difficulty in grading the paper in the required period of time
at the end of the semester exams. There were two main causes for this:
a) Not all teachers were willing to do a reasonable share of the corrections.
b) Each examination had too many questions and sub-parts, making grading more
time-consuming than it need be.

It was also felt that mistakes in exam papers would be avoided if exam setters sent in
a pdf file to the exam branch.

5. End semester exam: This would be of 90 marks. The following decisions were taken
regarding the choice offered within topics and the weightage given.
(i) Unit 1 and 2 would be given a combined weight of 20 marks, Unit 3 of 20 marks,
Unit 4 of 30 marks and Unit 5 would be given a weightage of 20 marks.
(ii) Units 1 and 2, would together have 3 questions, of which students would be
required to do 2 questions
(iii) Units 3 would be compulsory, and would have two questions of 10 marks each.
(iv) Units 4 would be compulsory, and would have three questions of 10 marks each
(v) Units 5 would be compulsory, and would have two questions of 10 marks each
(vi) There would be a limited number of sub-parts per question. No sub-part would be
less than 5 marks and if a sub-part had more than 5 marks, the marks would be in
multiples of 5.
6. The internal assessment would comprise two class tests of 12 marks each. Lecture
attendance will carry 6 marks. The continuous assessment would comprise of 35 marks
tutorial assignment which would involve plotting the distribution in R / Excel and
Quizzes / problem solving during tutorials. Tutorial attendance will carry 05 marks.
7. In order to achieve uniformity in evaluation of final answer scripts, it was decided to
include the following notes in final question paper:
(i) All questions within each section are to be answered in a contiguous manner on
the answer sheet. Start each question on a new page, and all sub-parts of a
question should follow one after the other.
(ii) All intermediate calculations should be rounded off to 3 decimal places. The
values provided in statistical tables should not be rounded off. All final
calculations should be rounded off to two decimal places.
(iii) Simple calculators are allowed.

8. In the question paper, if tables are to be provided, they should be done using Devore.

The details of the Course Content, Topic-wise Reading list, recommended textbooks are
given below:

Content (Unit-wise):
Unit 1: Introduction and overview

The distinction between populations and samples and, between population parameters
and sample statistics; Pictorial Methods in Descriptive Statistics; Measures of
Location and Variability.
Unit 2: Elementary probability theory

Sample spaces and events; probability axioms and properties; counting techniques;
conditional probability and Bayes' rule; independence.
Unit 3: Random variables and probability distributions

Defining random variables; discrete and continuous random variables, probability


distributions; expected values and functions of random variables.
Unit 4: Special Probability Distributions

Properties of commonly used discrete and continuous distributions (uniform, binomial,


exponential, Poisson, hypergeometric and Normal random variables).
Unit 5: Random sampling and jointly distributed random variables

Density and distribution functions for jointly distributed random variables; computing
expected values of jointly distributed random variables; conditional distributions and
expectations, covariance and correlation.

Unit No. TOPIC READINGS FROM CORE TEXTS


1. Introduction and Overview Devore: Ch 1
Elementary Probability Theory Devore: Ch 2
2.
Random Variables and Probability Devore: Ch 3 (3.1-3.3), Ch 4 (4.1-
3.
Distributions 4.2)
Devore: Ch 3 (3.4-3.6) and Ch 4
Special Probability Distributions
(4.3-4.4) including Bernoulli,
(No questions will be asked on
Binomial, Geometric
4. relation between Poisson distribution
Hypergeometric, Poisson, Uniform,
and Exponential Distribution)
Exponential and Normal
distribution.
Devore: Ch 5.1-5.2 (excluding the
Random Sampling and Jointly
section on more than two random
5. Distributed Random Variables
variables)

Essential Readings:
1. Devore, J. (2012). Probability and Statistics for Engineers, 8th ed. Cengage Learn-ing.

Supplementary Readings:
2. Hogg, R., Tanis, E., Zimmerman, D. (2021) Probability and Statistical inference, 10th
Edition, Pearson India Education Services Pvt. Ltd.
3. Miller, I., Miller, M. (2017). J. Freund's Mathematical Statistics with Applications,
8th ed. Pearson.

Recommended Readings for Teachers:

1. John A. Rice (2007). Mathematical Statistics and Data Analysis, 3rd ed. Thomson
Brooks/Cole.
2. Gelman, A., & Nolan, D. (2017). Teaching statistics: A bag of tricks. Oxford
University Press.

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