UNIVERSITY OF BRISTOL 
ECON10003: Probability, Statistics and Econometrics 
Final Examination Guide and Notes 2025 
 
- 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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University of Bristol - ECON10003: Probability, Statistics and Econometrics

£35.00

ACADEMIC YEAR 2025 - 2026

University	University of Bristol
Unit Name	Probability, Statistics and Econometrics
Unit Code	ECON10003
Credit Points	20
Level of Study	C/4
Notes Title	Final Examination Guide and Notes
Page Length	61

A clear, easy-to-follow set of notes for ECON10003: Probability, Statistics and Econometrics at the University of Bristol. It covers all examinable content, explains the exam format, and highlights the topics to focus on. You will get exam-style papers with full solutions, step-by-step explanations, and practical hints and tips. This set of notes is organised in a logical order so you can revise efficiently and apply methods under time pressure.

Economics, as a social science, relies on analysis of observed data to test and improve theoretical models, with econometrics providing the tool to build causal relationships between economic variables.

This unit provides the essential statistical foundations that you will build upon in several core units across your undergraduate programme of study including econometrics, applied economics and finance.

This unit will equip you with the knowledge of methods and techniques that allow you to analyse real-world economic and financial data, and enable you to develop an appreciation of the meaning of statistical analysis used to test economic theory, evaluate problems in finance and the potential issues that may exist when trying to make conclusions about causal relationships.

Your learning on this unit:

An introduction to probability using discrete and continuous data
Bayes' rule
Properties of estimators, including consistency and unbiasedness
Hypothesis testing relating to samples of observed data
An introduction to econometrics using OLS
Hypothesis testing in single and multiple regression
Problems of estimation, including omitted variables bias

Before enrolling in this unit, you must have successfully completed Mathematics for Economics and Finance (ECON10005).

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ACFI30003	Advanced Corporate Reporting
ACFI30011	Portfolio Management
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ECON10001	Economics
ECON10003	Probability, Statistics and Econometrics
ECON10006	Statistical Methods
EFIM10008	Mathematical and Statistical Methods
EFIM10010	Economic Principles
EFIM10015	Introduction to Management
EFIM10028	Risk and Return
EFIM10029	Financial Markets, Institutions and Instruments
EFIM10030	Accounting and Finance for Managers
EFIM10050	Principles of Economics
EFIM20007	Financial Accounting
EFIM20010	Applied Quantitative Research Methods
EFIM20011	Econometrics 1
EFIM20033	Intermediate Microeconomics
EFIM20036	Econometrics 2
EFIM20038	Microeconomic Analysis
EFIM20042	Corporate Finance and Valuation
EFIM20043	Asset Markets
MATH10013	Probability and Statistics
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University of Bristol - ECON10003: Probability, Statistics and Econometrics

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