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Statistics for Economics

by Shahdad Naghshpour
published by Business Expert Press, 2012
Ref BEP1385

Statistics for Economics Statistics is a branch of mathematics that deals with real-life problems and is an essential tool for economists. But the author of this book argues that the way statistics is introduced to students is not compatible with the way economists think and learn.

In addition, says the author, the problem is worsened by the use of mathematical jargon and complex derivations. However, this book demonstrates that neither is necessary and is written in plain English with minimal use of symbols.

‘Statistics is, in fact, not more difficult than economics,’ writes Dr Naghshpour. ‘Anyone who can comprehend economics can understand and use statistics successfully within this field. Statistics is the science of life. It does not live outside of real life…Learning statistics is like learning to play an instrument or learning a foreign language.’

The book uses Microsoft Excel to obtain statistical results and perform additional computations. Although not the software of choice for sophisticated statistical analysis, it is widely available, familiar to almost everyone, and means there is no need buy and learn new software.

This book will leave readers with a much better understanding of the subject and a deeper appreciation of how every aspect of life benefits from statistics. 

Purchase individual chapters from the book

About the authors

Shahdad Naghshpour is a Full Professor on the International Policy and Development Doctoral Programme at the University of Southern Mississippi, US. He has taught mathematics and statistics for 34 years and published over 60 articles and books. He received the Distinguished Professorship Award in Research from the University of Southern Mississippi and has a PhD in economics from Oklahoma State University.

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