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Quantitative Methods for Economics (B.A Economics)

Basic mathematics and statistics for economics: averages, dispersion, correlation, regression and index numbers.

6 MonthsDuration 6Chapters30Topics
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Syllabus · पाठ्यक्रम

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01Unit 1: Basic Mathematics for Economics 4 topics
  1. Variables, functions and equations
  2. Linear equations and graphs; slope and intercept
  3. Simple derivatives and their rules
  4. Economic applications: MR, MC, elasticity, maxima and minima
02Unit 2: Collection and Presentation of Data 6 topics
  1. Primary and secondary data
  2. Census and sample methods
  3. Classification and tabulation
  4. Frequency distribution
  5. Diagrams: bar, pie
  6. Graphs: histogram, frequency polygon, ogive
03Unit 3: Measures of Central Tendency 5 topics
  1. Arithmetic mean (simple and weighted)
  2. Median and quartiles
  3. Mode
  4. Geometric and harmonic mean
  5. Relation between mean, median and mode
04Unit 4: Measures of Dispersion 5 topics
  1. Range and quartile deviation
  2. Mean deviation
  3. Standard deviation and variance
  4. Coefficient of variation
  5. Skewness
05Unit 5: Correlation and Regression 5 topics
  1. Meaning and types of correlation
  2. Scatter diagram
  3. Karl Pearson's coefficient of correlation
  4. Spearman's rank correlation
  5. Regression lines and regression coefficients
06Unit 6: Index Numbers and Time Series 5 topics
  1. Meaning and uses of index numbers
  2. Laspeyres, Paasche and Fisher index
  3. Time reversal and factor reversal tests
  4. Consumer price index and wholesale price index
  5. Components of time series

About

You will be able to

  • Use linear functions, slopes and simple derivatives in economic problems such as MR and MC
  • Collect, classify and present data in tables, diagrams and graphs
  • Calculate mean, median, mode, GM and HM and choose the right average
  • Calculate range, quartile deviation, mean deviation, standard deviation and coefficient of variation
  • Calculate Karl Pearson's and Spearman's correlation and fit regression lines
  • Construct Laspeyres, Paasche and Fisher index numbers and explain CPI and WPI

Who it is for

  • B.A Semester 5 students with Economics as a major subject (UP State Universities, NEP 2020)
  • Students who find statistics difficult and need step-by-step practice

What you need

  • Class 10 mathematics; a simple calculator

Questions

Which syllabus does this course follow?

It follows the UP State Universities NEP 2020 common minimum syllabus (MGKVP, VBSPU, Lucknow University and others) for B.A Economics, Semester 5. Where your own university's syllabus differs, the centre follows your university syllabus.

How will I be tested?

Unit-wise MCQ tests, short and long answer practice in university exam pattern, and a final mock paper.

I am weak in maths. Can I manage this paper?

Yes. Every formula is taught with solved examples and calculator practice, starting from Class 10 level.

Download the syllabus (PDF)

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