Quantitative Methods in Agricultural Economics (Undergraduate Level: AGEC 3200)
Course Outline (Spring 2024):
Module 1: Probability Theory, Discrete Random Variable Probability, Continuous Random Variable Probability, Marginal and Conditional Distributions, Bayes Law and Total Probability.
Module 2: Poisson Distribution, Binomial Distribution, Normal Distribution, Statistical Sampling, Law of Large Numbers.
Module 3: Central Limit Theorem, Confidence Interval, Hypothesis Testing for proportion, mean, two means independent samples, Paired sample T-test, Chi-Square Test for variance.
Module 4: Variance and Covariance, Bivariate Linear Regression, Multivariate Linear Regression, Excel Implementation of Group Project.