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WELCOME to PM505: Microeconomics & Statistics

trial run for ERA form submission

Case Study: Update, 5/16/07
With the course cases, I am asking you to put the statistical and economic concepts to work. Use the statistics and theory given to assess the proposed objective/criterion. The cases are not "repeats" of any of the text or workbook material. Rather, they are extensions of the theory, "mechanics", techniques, and exercises developed in those sources. Therefore, all eight cases will ask you to integrate the statistical and economic concepts into a decision-making situation/scenario.

Please send (via email) your case report with exhibits (output, graphs, etc.) as a "Word" file, if you can.
"SITE MAP"

Your reading assignments are from the online texts, entitled HyperStat for the stat portion and Cybernomics for the micro portion.

You will find your syllabus, outlines, gradebook and my contact info in the scroll box listing in the upper right hand corner of this page. Please familarize yourself with the syllabus and email with any questions (schreibr@wcu.edu) .

The first 4 weeks of this course will be devoted to the statistical portion. After reading the various sections for the week, link to respective WorkBooks for further practice and review. The workbooks contain "blue blanks" which when clicked will suggest an answer. At the end of all WorkBooks, you will see additional links to review questions. These files contain multiple choice and open-ended exercises. The "key" icon at the heading for the multple choice questions will provide you with the correct answers.

The last 4 weeks will be devoted to microeconomics. Again, that outline can be accessed from the scroll box listing in the upper right hand corner of this page.

The left hand frame of this page contains frequently used links -texts, workbooks, tables, tutorials, templates, etc. For any statistical techniques, we will rely on the build-in functions and tools from Excel and Minitab.

Microeconomics & Statistics

STATISTICS: A field of science encompassing procedures designed to aid the
process of decision making under uncertainty.
OBJECTIVE: Draw conclusions about a population from sample data, assigning
a degree of confidence or risk to these conclusions.


MICROECONOMICS: The study of the economic behaviour of individual
consumers, firms, and industries and the distribution of total production
and income among them.
OBJECTIVE: efficient allocation of scarce resources between
alternative uses