UNIVERSITY OF LIVERPOOL

ECON112: Statistics & Data Analysis for Economics and Business

Final Examination Guide and Notes 2026

Part 01: Revision Notes

Part 02: Exam Practice Questions and Answers

Part 03: Sample Final Examination Paper

Part 04: Detailed Solutions and Explanations

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ECON112: Statistics & Data Analysis for Economics and Business

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ACADEMIC YEAR 2026 - 2027

University	University of Liverpool
Module Code	ECON112
CATS Level	Level 4 FHEQ
CATS Value	15
Module Name	Statistics & Data Analysis for Economics and Business
Notes Title	Final Examination Guide and Notes
Page Length	59

Prepare for your ECON112 exam with the ultimate study guide for Statistics & Data Analysis for Economics and Business at the University of Liverpool. This guide features exam‐style questions, advice on common pitfalls, and comprehensive support for learning and revision. Fully updated to cover all topics in the latest exam, it presents key skills through expertly written notes, followed by a sample exam paper and answer key. Enter your final exam with complete confidence.

This module, ECON112: Statistics & Data Analysis for Economics and Business provides an introduction to statistical methods in Business and Economics. It covers data summarisation, graphical presentation, and key summary statistics such as mean, median, and standard deviation. Students will learn statistical inference, including hypothesis testing and confidence intervals, alongside probability models like Binomial and Poisson distributions. The module also explores relationships between two variables through Correlation, Regression, and Analysis of Variance (ANOVA).

Students must have completed ACFI127, ECON121, or ECON127. Those not in joint honours programmes with the maths department must also have taken ACFI111 or ECON111 and ECON112. This module serves as a pre-requisite for ECON211, ECON233, ECON322, ECON326, and ECON346, supporting further studies in statistical methods and econometrics.

MODULE CODE	MODULE NAME
ACFI101	Introduction to Financial Accounting
ACFI102	Introduction to Management Accounting
ACFI103	Introduction to Finance
ACFI201	Financial Reporting 1
ACFI204	Financial Management
ACFI225	Econometrics for Finance 1
ACFI231	Theory of Finance I
ACFI234	Theory of Finance II
ACFI304	Business Finance
ACFI309	Financial Reporting 2
ACFI310	Derivative Securities
ACFI321	Capital Markets
ACFI342	Financial Risk Management
EBUS205	Business Analytics
ECON112	Statistics & Data Analysis for Economics and Business
ECON121	Principles of Microeconomics
ECON123	Principles of Macroeconomics
ECON154	Statistical Foundations of Business Analytics
ECON210	Principles of Economics 2
ECON213	Econometrics 2
ECON222	Microeconomics 2
ECON233	Introductory Econometrics for Business & Economics
ECON241	Securities Markets
MKIB153	Fundamentals of Marketing
ULMS151	Organisations and Management

UKNOTES .

ECON112: Statistics & Data Analysis for Economics and Business

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