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EC 315 Quantitative Research Methods
Torres, David


Mission Statement: Park University provides access to a quality higher education experience that prepares a diverse community of learners to think critically, communicate effectively, demonstrate a global perspective and engage in lifelong learning and service to others.

Vision Statement: Park University, a pioneering institution of higher learning since 1875, will provide leadership in quality, innovative education for a diversity of learners who will excel in their professional and personal service to the global community.

Course

EC 315 Quantitative Research Methods

Semester

F1B 2012 BL

Faculty

David Torres

Title

Economics Instructor

Degrees/Certificates

BBA in Economics
BBA in Finance Concentration in Banking
Masters of Science in Economics

Daytime Phone

915-594-5654

E-Mail

david.torres03@park.edu

dtorres1217@gmail.com

Semester Dates

08/20/2012 - 10/13/2012

Class Days

Fridays

Class Time

5:00  - 10:10 PM

Prerequisites

MA120 & CS140

Credit Hours

3


Textbook:

Basic Statistics for Business and Economics, Lind, Marachal and Wathen, McGraw-Hill, Irwin  8th edition ISBN-13:  978-0-07-352147-3

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

Not required but a Statistical / Scientific calculator will be helpful! Students are not allowed to use any multi-functional electronic devices (cell phones, ect) on the final.

McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.
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Course Description:
This intermediate level statistics course covers the fundamentals of conducting quantitative research for the social and administrative sciences. The course is organized around a research project on quantitative analysis of data.  The research paper reflects the requirements of the core assessment for the course. PREREQUISITES: MA 120 and CS 140. 3:0:3

Learning Outcomes:
  Core Learning Outcomes

  1. Derive an original regression model and run it using Microsoft Excel. Write a paper explaining this model and its outcome.
  2. Given an Excel regression output, correctly interpret the model statistics including the statistical significance of the independent variables and the R-square statistic of the model.
  3. Find the predicted value of the dependent variable given a regression output with independent variable coefficients plus values for the independent variables.
  4. Conduct hypothesis tests and confidence intervals on the mean and the difference between two means using the "t" statistic.
  5. Conduct hypothesis tests and confidence intervals on the binomial statistic and on the difference between two binomial statistics using the "t" statistic.


  Instructor Learning Outcomes
  1. Develop and tst data sampling techniques
  2. Research a Real Estate Market
  3. Write a research paper on a real estate market
  4. Develop a sales forecast using regression analysis
Core Assessment:

All Park University courses must include a core assessment that measures the course Learning Outcomes. The purpose of this assessment is to determine if expectations have been met concerning mastery of learning outcomes across all instructional modalities. For this course, the core assessment is a final exam to be administered in all sections of EC 315. This exam is worth 30 percent of the student’s final grade and will test students’ mastery of core learning outcomes through short answer questions on specific knowledge, Regression analysis procedure, and hypothesis testing.

Link to Class Rubric

Class Assessment:
There will be two exams, homework and a written research project in this course.  The comprehensive final is not open book or open notes. 

Grading:

Homework         10%     100 points

Midterm test       30%     300 points

Final                   30%     300 points

Research Paper  30%     300 points

TOTAL                         1000 points

 Grades will be determined as follows:

A  90% to 100%    360 to 400 points

 B  80% to <90%    320 to <360 points

 C  70% to <80%    280 to <320 points

 D  60% to <70%    240 to <280 points

 F  <60%                 <240 points

 

 

The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.

All final exams in all School of Business courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth. Electronic Computers will not be allowed on final exams unless an exception is made by the Dean of the School of Business.

Late Submission of Course Materials:
Homework will be accepted late, the research project CAN NOT AND WILL NOT be accepted late!

Classroom Rules of Conduct:
Students are encouraged to read the current Park University catalog for standards, policies and SOP's.

Course Topic/Dates/Assignments:

Course Topic/Dates/Assignments:

Week 1: Review syllabus and Chapter 1 What is Statistics?

Week 2: Chapter 8 Sampling Methods and the Central Limit Theorem

Week 3: Chapter 9 Estimation of Confidence Intervals and Chapter 10 One Sample Tests of Hypothesis

Week 4: Review and Midterm Exam

Week 5: Chapter 13 Linear Regression and Correlation Analysis and Chapter 14 Multiple Regression Analysis

Week 6: Time Series and Forecasting (LECTURE)

Week 7: Index Numbers (LECTURE)

Week 8: Review and Final Exam

Academic Honesty:
Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life. Park University students and faculty members are encouraged to take advantage of the University resources available for learning about academic honesty (www.park.edu/current or http://www.park.edu/faculty/).from Park University 2011-2012 Undergraduate Catalog Page 93

Plagiarism:
Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. from Park University 2011-2012 Undergraduate Catalog Page 93

Attendance Policy:
Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.

  1. The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment.
  2. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  3. In the event of two consecutive weeks of unexcused absences in a semester/term of enrollment, the student will be administratively withdrawn, resulting in a grade of "F".
  4. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  5. Students receiving Military Tuition Assistance or Veterans Administration educational benefits must not exceed three unexcused absences in the semester/term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student.
  6. Report of a "F" grade (attendance or academic) resulting from excessive absence for those students who are receiving financial assistance from agencies not mentioned in item 5 above will be reported to the appropriate agency.

Park University 2011-2012 Undergraduate Catalog Page 96

Disability Guidelines:
Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: http://www.park.edu/disability .



Rubric

CompetencyExceeds Expectation (3)Meets Expectation (2)Does Not Meet Expectation (1)No Evidence (0)
Critical Thinking                                                                                                                                                                                                                                          
Outcomes
Short answer questions with a Maximum value of 166 Points                                                                                                                                                                                                                                                                                                                                                                                                                                                            
Hypothesis tests and confidence intervals nearly perfectly conducted. (149 points or more of 166 points) Most causes or processes of economic phenomena are correctly identified and stated. (115 to148 points of  166 points) Most causes or processes of economic phenomena are not correctly identified and stated. (83 to 114 points  of 166 points) No causes or processes of economic phenomena are stated clearly. (0 to 82 points of  166 points) 
Effective Communication                                                                                                                                                                                                                                    
Outcomes
Short-answer questions on regression procedures and hypothesis testing with a maximum value of 52 points.                                                                                                                                                                                                                                                                                                                                                                                                            
All definitions of curves or items identified on graphs are stated nearly perfectly.  (47  points or more of 52 points) Most definitions of curves or items identified on graphs are stated correctly. (36 to 46 points of 52 points) Most definitions of curves or items identified on graphs are not stated correctly. (26 to 35 points of 52 points) No definitions of curves or items on graphs are stated clearly.



(0 to 25 points of 52 points)



 
Tools and Methods of Economics                                                                                                                                                                                                                             
Outcomes
This examines regression analysis including running and interpreting regressions.  It has a maximum value of 82 points.                                                                                                                                                                                                                                                                                                                                                                                              
All calculations and explanations are nearly perfect.  (75 points or more of 82 points) Most calculations and explanations are correct. (59 to 74 points of 82 points) Most calculations and explanations are not correct. (42 to 58 points of 82 points) None of the calculations and explanations is correct.



(0 to 41 points of 82 points)



 

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Last Updated:6/27/2012 11:01:52 AM