THE UNIVERSITY OF SHEFFIELD

ECN120: Statistical Methods for Economics

Credit Level: F4

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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University of Sheffield - Statistical Methods for Economics (ECN120)

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ACADEMIC YEAR 2026 - 2027

University	University of Sheffield
Module Code	ECN120
Module Name	Statistical Methods for Economics
Credit Value	20 Credits
Notes Title	Final Examination Guide and Notes
Page Length	61

The ECN120: Statistical Methods for Economics final examination guide and notes for 2026, tailored for students at the University of Sheffield, provides a comprehensive resource to master key theories and concepts in the module. It features clear illustrations and worked examples to demonstrate practical applications of the theories. The guide includes a sample exam with solutions and detailed explanations to simulate the real test-taking experience. It equips you with concise notes, expert examiner advice, and practice questions with answers on all key examinable topics, helping you prepare effectively and aim for the best possible grade.

ECN120: Statistical Methods for Economics introduces statistical methods and their application to economic problems. It covers data collection techniques (surveys, experiments, and observations) and effective presentation through tables, graphs, and charts. Main topics to be covered include descriptive statistics (measures of central tendency and variability), probability concepts (event probability, conditional probability, and Bayes' theorem) with applications in risk and uncertainty, and statistical inference (hypothesis testing, confidence intervals, and regression analysis). The module also explores relationships between variables using correlation coefficients, regression models, and hypothesis testing for regression coefficients.

Exclusion: MAS113.

MODULE CODE	MODULE NAME
ECN104	Introductory Finance for Economics
ECN120	Statistical Methods for Economics
ECN130	Economic Analysis and Policy
ECN201	Intermediate Microeconomics
ECN202	Intermediate Macroeconomics
ECN21004	Econometrics
ECN21007	Statistics and Econometrics
ECN340	Further Econometrics
ECN357	Modern Finance
MAS109	Probability and Data Science
MAS2010	Statistical Inference and Modelling
MAS372	Time Series
MGT102	Introduction to Management Accounting
MGT120	Introduction to Behaviour at Work
MGT132	Introduction to Financial Accounting
MGT143	Foundations in Financial Management
MGT223	Business Statistics
MGT225	Intermediate Financial Accounting
MGT230	Introduction to Corporate Finance and Asset Pricing
MGT233	Essentials of Marketing
MGT250	Financial Management
MGT321	Corporate Finance
MGT355	Advances in Financial Accounting
MGT375	Financial Derivatives
PSY1005	Psychological Research Methodology I

UKNOTES

University of Sheffield - Statistical Methods for Economics (ECN120)

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