Parker School of Business

Introduction to Statistical Methods in Economics

MIT 14.30 · Foundation Level

The quantitative backbone of economics and finance. Probability theory, statistical inference, hypothesis testing, and regression analysis, all with economic applications.

7 Modules

Self-Paced

Certificate

Graduate Level

What You'll Learn

  • Apply probability axioms, conditional probability, and Bayes' theorem
  • Work with discrete and continuous probability distributions
  • Construct and interpret confidence intervals for economic variables
  • Conduct hypothesis tests and interpret p-values correctly
  • Estimate and interpret OLS regression models
  • Apply regression to real economic and real estate forecasting problems
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Academic Attribution

Adapted from MIT OCW 14.30 Introduction to Statistical Methods in Economics. MIT Department of Economics.

CC BY-NC-SA 4.0

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