Statistics I (2018-19)
Course Name: Statistics I
Teachers: Georgios Psarrakos
School: Finance and Statistics
Department: Banking and Financial Management
Level: Undergraduate
Course ID: ΧΡΣΤΑ01 Semester: 1st
Course Type: Core Course
Prerequisites: –
Teaching and Exams Language: Greek
Course Availability to Erasmus Students: No
Course webpage: –
Specific Teaching Activities |
Weekly Teaching Hours |
Credit Units |
Lectures |
4 |
6 |
Course Content
The basic sections that will be presented are:
- Empirical Univariate Frequency Distributions: Discrete and Continuous Distributions of Frequencies and Cumulative Frequencies – Graphic Presentation Methods of Qualitative and Quantitative Statistical Data – Frequencies and Cumulative Frequencies Histogram
- Univariate Populations Parameters: Central Tendency Parameters – Central Position Parameters – Dispersion Measures – Data Trasformation with Encoding – Skewness Parameters – Frequency Distribution Moments – Kurtosis Parameters
- Fundamental Notions of Events: Random Experiment – Sample Space – Events – Calculus with Events
- Combinatorics: Permutations of ν Objects – Arrangements With or Without Repetition of ν Objects Taken μ – Combinations With or Without Repetition of ν Objects Taken μ – Newton’s Binomial
- The Notion of Probability: Classic, Statistical and Axiomatic Definition of Probability – Properties of Probabilities – Conditional Probability – Independent Events – Total Probability Theorem – Bayes’ Rule
- Univariate Random Variables: Discrete and Continuous Random Variable – Probability Function and Density Function – Expectation – Cumulative Probability Distribution Function – Variance – Moments of Various Orders – Median and Quantiles – Skewness and Kurtosis – Moment Generator, Generator and Characteristic Function
- Theoretical Distributions: Bernoulli – Binomial – Geometric – Poisson – Uniform – Exponential – Normal – Lognormal
- Two-Dimensional Random Variables: Discrete and Continuous Random Variables – Joint Probability Function and Density Function – Independent Random Variables – Mixed Expectation – Cumulative Probability Distribution Function – Marginal Probability Function and Density Function
Teaching Results
This course
- describes the main products and functions of banks, as well as the risks they undertake in order to contribute to social welfare, using as vehicle their main financial statements,
- explores bank risk management, including the risks from asymmetric information,
- explores the multi-faceted interactions between banks, the financial system, governments, central banks and the economy,
- analyses the private incentives of all players, from bank employees all the way to the top management of the supervisory authorities,
- stresses the role of information technology and of other forces of change,
- describes the dynamics of banking crises,
- highlights the logical underpinnings of the complex institutional framework that governs the operation of banks,
- uses current economic and financial developments, both domestic and international, to tie the course to the real world.
After completing this course, students are expected to
- analyse critically banks’ financial statements,
- understand bank risks and functions,
- understand the role and dilemmas of the institutional framework,
- assess the likely impact of changes in the institutional framework and in the economy on bank strategies,
- combine banking logic with macroeconomics for complete financial analyses.
Skills
- Decision making
- Group work
- Promote free, creative and inductive thinking
Teaching and Learning Methods - Evaluation
Lecture: Ιn Class
Use of Information and Communication Technologies: —
Teaching Analysis:
Activity |
Semester Workload |
Lectures |
50 |
Group work |
25 |
Practice Exercises that focus on the application of methodologies |
25 |
Independent Study |
50 |
Total |
150 |
Student Evaluation:
Written final exam (100%) that includes development topics.
Recommended Bibliography
– Recommended Bibliography:
- Πέτρος Α. Κιόχος και Απόστολος Π. Κιόχος, Στατιστική για τις επιχειρήσεις και την οικονομία, Εκδόσεις Ελένη Κιόχου, Αθήνα 2015.
- Τάκης Παπαϊωάννου, Εισαγωγή στις Πιθανότητες, Εκδόσεις Σταμούλη, 2000.
– Related scientific journals: