This sound introductory text explains complex ideas simply and clearly and emphasizes the links between economics and statistics. Interestingly, the study of economics has now become more complex, as it moves in the direction of mathematical and statistical analyses. Inevitably today, the student of economics is required to look more closely at the concepts and techniques that have emerged from previous studies of this subject, and examining bodies expect ever-increasing knowledge and comprehension in this study area. For the statistically/mathematically minded student (full/part-time) with an extensive academic background, this new demand by economists presents little problems but calls for more practical effort directed towards the study of economics rather than just researching on it. This is totally a different matter.
With only a relatively elementary mathematical education and a lack of familiarity with complex statistical techniques, concepts, expressions, and formulae, these new methods of analyzing economics, will enable the reader understand only too well, in an empirical way, what appears incomprehensible and impractical. The clearly defined and easily found logical path will take him to a point where he can obtain a confident grasp of their purpose and relevance. This study of the statistical methods relevant to the knowledge of economics and business-related issues emphasizes the applications, rather than the theoretical approach.
The book is written for students of economics, business, and allied studies; basically, for social sciences students who have only elementary statistical knowledge but need to understand the concepts and techniques of statistical analysis in the study of economics. It begins with a simple survey of basic statistics and then deals with the quantity active techniques of statistical research. Follow-up questions are included in each topical area to help students assimilate and expand their knowledge.