|Fakulteit||Faculty of Economic and Management Sciences|
Optimisation techniques with economic applications: system of linear inequalities, solving of linear programming problems by means of the graphical and extreme point methods. Applications of differentiation and integration in statistic and economic related problems: the limit of a function, continuity, rate of change, the derivative of a function, differentiation rules , higher order derivatives, optimisation techniques, the area under a curve and applications of definite and indefinite integrals in Economic and Probability applications. Introduction to probability theory. Probability and inference: Theoretical distributions. Sampling distributions. Estimation theory and hypothesis testing of sampling averages and proportions (one-sample and two-sample cases). Non Parametric tests. Report writing and presentation. Identification, use, evaluation and interpretation of statistical computer packages and statistical techniques.
|Prerequisites||STK 133 and WTW 133|
|Contact time||6 lectures per week, Foundation Course, 2 tutorials per week, 1 practical per week|
|Language of tuition||Module is presented in English|
|Period of presentation||Semester 2|
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