NEWCASTLE UNIVERSITY 
ECO1007: Statistical Methods for Economics 
Final Examination Guide and Notes 2026 
 
Part 01: Topic Summary and Exam Tips 
Part 02: Exam Practice Questions and Answers 
Part 03: Sample Final Examination Paper 
Part 04: Suggested Solutions to Final Exam Paper 
 
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Newcastle University - ECO1007: Statistical Methods for Economics

£35.00

ACADEMIC YEAR 2025 - 2026

University	Newcastle University
Study Level	Undergraduate
Module Code	ECO1007
Module Name	Statistical Methods for Economics
Notes Title	Final Examination Guide and Notes
Page Length	57

Built for ECO1007: Statistical Methods for Economics (Newcastle University), this concise guide walks you through the essential steps and core theories for the module. Clear illustrations and worked examples show each method and its workings so you can apply ideas with confidence. When you’re ready, take a sample exam with full solutions and explanations designed to mirror the real test. You’ll also get practical exam tips plus targeted questions and answers for each key examinable topic

Aims:

To develop an understanding of basic probability theory, so that decision making under uncertainty can be analysed.

To develop an understanding of statistical inference as a foundation for applied economics.

Outline Of Syllabus:

Probability
Discrete and Continuous Random Variables
Probability Distributions
Estimation and Sampling Distributions
Hypothesis Testing
Describing Data
Learning from Data
Graphical and Numerical Analysis of Data
Correlation versus Causation
Introduction to Regression Analysis
Multiple Regression
Statistical inference for Regression: Hypothesis Testing, Confidence Intervals, Prediction
Nonlinear Models
Estimation Problems
An introduction to Stata

MODULE CODE	MODULE NAME
ACC1003	Introduction to Accounting and Finance
ACC1010	Introduction to Financial Accounting
ACC1011	Introduction to Management Accounting and Finance
ACC1012	Professional Skills for Accounting and Finance
ACC1053	Introductory Quantitative Methods and Principles of Taxation
ACC2002	Managerial and Business Economics
ACC2005	Intermediate Financial Accounting
ACC2007	Responsible Corporate Finance
ACC3001	Financial Accounting
ACC3004	Derivative Markets
ACC3006	International Financial Management
BUS1001	Introduction to Management and Organisation
ECO1007	Statistical Methods for Economics
ECO1009	Analysing Economic Data
ECO1017	Introductory Economics
ECO1020	Introductory Macroeconomics
ECO2009	Econometric Analysis
ECO3001	Advanced Microeconomics
ECO3018	Financial Economics
MKT1002	Introduction to Marketing

UKNOTES.

UKNOTES.

Newcastle University - ECO1007: Statistical Methods for Economics

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