MINISTRY OF EDUCATION AND TRAINING SOCIALIST REPUBLIC OF VIETNAM

UNIVERSITY OF ECONOMICS HCMC Independence – Liberty – Happines

PTCT.QT.xx.03

BACHELOR PROGRAM
(Higher education program)

MAJOR:
MINOR:

SYLLABUS
1. Course name:
Applied Statistics for Business and Economics
2. Course code:
3. Teaching Department:
Statistics - Data Analysis Department
4. Level of competency: apply for students at the first academic year
5. Credits: 3
6. Time allocation:
+ Theories: 30
+ Group works, practice, discussion: 15.
+ Self-study: 90
7. Prequisite courses:
none
8. Course description:
Applied Statistics for Economics and Business course provides in a systematic way
statistical methods including gathering data on economic & business phenomena and
processing collected data into useful information which can be used as facts for

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making decisions for management of economy and society. These methods include:
descriptive statistics, statistical inference, index- number, and forecasting.
This course is also to introduce students to popular and easy-to-use packages as a tool
to perform statistical techniques to save time and effort, to increase the level of
accuracy of the results, and to help students familiar with output interpretation.
9. Course Learning Outcomes – CLOs:
After completing the course, students will have better statistical thinking and
quantitative analysis capability. In particular, students will be able to:
9.1 Knowledge:
- CLO1.1: Present basic concepts in statistics.
- CLO1.2: Understand and give interpretation as well as examples for the
applications of statistics in the fields of economics and business, especially in
the fields studied.
- CLO1.3: Know primary and secondary data sources.
- CLO1.4: Distinguish descriptive statistics and statistical inference.
- CLO1.5: Understand the concept of probability and its application in statistical
inference.
9.2 Skills:
- CLO2.1: Know how to get secondary data.
- CLO2.2: Know how to get primary data.
- CLO2.3: Summarize data in the form of graphs or numerical measures.
- CLO2.4: Implement statistical inference including statistical estimate and
hypothesis testing.
- CLO2.5: Perform time series analysis and basic prediction.
- CLO2.6: Convey the significance of the statistical results for economic and
business decision-making.
9.3 Autonomy and Responsibility:
- CLO3.1: Work in groups to complete group tasks.
- CLO3.2: Proactively work to complete assignments on time.
- CLO3.3: Actively listen to lecturers’ feedback to implement adjustment.

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Course learning outcomes matrix:

Course Learning Outcomes Program Learning Outcomes (PLOs)

(CLOs)
PLO1. PLO1.2 PLO1. PLO1. PLO1. PLO2.1 PLO2. PLO2.3 PLO2. PLO2.5 PLO3. PLO3.2 PLO3.3 PLO3.4
1 3 4 5 2 4 1

CLO1.1 Present basic concepts in P P

statistics.
CLO1.2 Understand and give S S P P
interpretation as well as examples
for the applications of statistics in
the fields of economics and
business, especially in the fields
studied.
CLO1.3 Know primary and P
secondary data sources.
CLO1.4 Distinguish descriptive P P H P P P
statistics and statistical inference.
CLO1.5 Understand the concept H
of probability and its application
in statistical inference.
CLO2.1 Know how to get P
secondary data.
CLO2.2 Know how to get P H P

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primary data.
CLO2.3 Summarize data in the P P H H P
form of graphs or numerical
measures.
CLO2.4 Implement statistical P H P P P
inference including statistical
estimate and hypothesis testing.
CLO2.5 Perform time series P P H P
analysis and basic prediction.
CLO2.6 Convey the significance P P P P H H P
of the statistical results for
economic and business decision-
making.

CLO3.1: Work in groups to P H H P P H P H H H

complete group tasks.

CLO3.2: Proactively work to P H H H

complete assignments on time.
CLO3.3: Actively listen to P P H H
lecturers’ feedback to implement
adjustment.

Note:
P: Partial supported
S: Supported

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H: Highly supported

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10. Learning materials:
10.1 Text books:
[1] Anderson, David R., Sweeney, Dennis J., Williams, Thomas A., Statistics for
Business and Economics, 11th ed., South-Western CENGAGE LEARNING, 2011.
Anderson, David R., Sweeney, Dennis J., Williams, Thomas A., Thống Kê trong Kinh
Tế Và Kinh Doanh, UEH Publishing, 2020.
[2] Slide in English and Vietnamese.
10.2 References:
[1] Hoàng Trọng, Chu Nguyễn Mộng Ngọc, Phân tích dữ liệu nghiên cứu với SPSS,
Hồng Đức Publishing, 2008
10.3 Others:
Practice data set with text book 1 provided in the course on UEH LMS
Results of the Vietnam Census 2019 [https://www.gso.gov.vn/du-lieu-va-so-lieu-
thong-ke/2019/12/ket-qua-tong-dieu-tra-dan-so-va-nha-o-thoi-diem-0-gio-ngay-01-
thang-4-nam-2019/]
Results of the survey on Vietnam's living standards in 2018
[https://www.gso.gov.vn/du-lieu-va-so-lieu-thong-ke/2020/05/ket-qua-khao-sat-muc-
song-dan-cu-viet-nam-nam-2018/]
Explanation of terms, content and method of calculating some price index
[https://www.gso.gov.vn/du-lieu-dac-ta/2019/03/giai-thich-thuat-ngu-noi-dung-va-
phuong-phap-tinh-mot-so-chi-tieu-thong-ke-gia/]

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11. Course teaching plan:
Session Content Teaching method Learning materials Student works in detail Corresponding
(hour no.) (chapter, section) (chapter, section) CLO
Session 1 Chapter 1: Data and Statistics General method: lecture [1] chapter 1, 2 Read materials in advance CLO1.1
combined with specific
(5) 1. Applications in business and Form groups of 3-5 students each CLO1.2
explanations and
economics questions to help students Website reference: CLO1.3
2. Data identify the main points of http://www.gso.gov.vn CLO1.4
3. Data sources the content through
situations. http://www.sbv.gov.vn
4. Descriptive statistics
5. Statistical inference Provide case study: we https://unstats.un.org/home/ CLO2.1
need statistical data to http://data.un.org/ CLO2.2
6. Computers and statistical analysis
make a decision; why we
7. Ethical guidelines for statistical need descriptive statistics; https://www.fitchsolutions.com/ CLO2.3
practice why we need statistical https://www.euromonitor.com/
Chapter 2: Descriptive Statistics: inference; using
incomplete statistical https://www.nielsen.com/vn/vi/ CLO3.1
Tabular and Graphical
information, distorting the https://www.ibm.com/analytics/
Presentations facts. spss-statistics-software

1. Summarizing qualitative data Keyword for search: infographic.

2. Summarizing quantitative data Group work: discuss to identify a
3. Exploratory data analysis: the stem- problem that requires statistical
and-leaf display study and identify the data to be
collected. Lecturer comments.
4. Crosstabulations and scatter diagrams
5. Introduction of statistical packages Homework: do the exercises in
chapters 1 and 2.

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Session 2 Chapter 3: Descriptive Statistics: Give situations so that [1] chapter 3 Read materials in advance CLO2.1
Numerical Measures students understand the
(5) Group work: identify topic, CLO2.2
meaning of measuring the
1. Measures of location location and variation for define the research problem, CLO2.3
2. Measures of variability decision making. state the research objective, and
CLO2.6
3. Measures of distribution shape, Practice by doing a group the variables needed for data
relative location, and detecting outliers work being a project to collection.
4. Exploratory data analysis collect primary data and CLO3.1
present the results of Homework
5. Measures of association between two CLO3.2
descriptive statistics.
variables Cengage's Mindtap exercises CLO3.3
The groups present their chapters 1,2,3 (optional)
6. The weighted mean and working with
research plans; the
grouped data
lecturers make comments
7. Manual computer program and exchange opinions
Troubleshooting questions about
exercises
Session 3 Chapter 4: Introduction to Give situations when we [1] chapter 4, 5 Read materials in advance CLO1.5
Probability make a decision and the
(5) Homework
results are uncertain, so
1. Experiments, counting rules, and the decision-maker needs Group work: questionnaire and CLO3.1
assigning probabilities to know the likelihood data collection plan. CLO3.2
2. Events and their probabilities that it will happen to have
the proper response. CLO3.3
3. Some basic relationships of
probability Give situation to explain
4. Conditional probability why it is necessary to
know the probability
5. Bayes’ theorem
distribution of the random
Chapter 5: Discrete Probability variable.
Distributions The groups present
questionnaires, lecturer
1. Random variables
gives comments and
2. Discrete probability distributions exchanges ideas.

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 3. Expected value and variance
4. Binomial probability distribution
5. Poisson probability distribution
6. Hypergeometric probability
distribution (self study)
Session 4 Chapter 6: Continuous Probability
Distributions
(5)
1. Uniform probability distribution
2. Normal probability distribution
3. Normal approximation of binomial
probabilities
4. Exponential probability distribution
(self study)
Chapter 7: Sampling and Sampling
Distributions
1. Sampling
2. Point estimation
3. Introduction to sampling distributions
4. Sampling distribution of sample mean
x̄
5. Sampling distribution of sample
proportion p̄
6. Properties of point estimators
7. Other sampling methods (self study)
Session 5 Chapter 8: Interval Estimation
(5) 1. Population mean
2. Determining the sample size
Give situation to explain [1] chapter 6, 7 Read materials in advance CLO1.5
why it is necessary to
Homework
know the probability
distribution of the Group work: revise the CLO3.1
continuous random questionnaire and start to collect
CLO3.2
variable. data.
CLO3.3
Give an example of data Exercises on Mindtap Cengage
standardization to get the chapters 4,5,6,7 (optional)
standardized normal
probability distribution,
which makes it possible to
calculate probabilities
quickly by lookup tables
and statistical functions.
Give the situation why it
is necessary to know the
sample probability
distribution and the
application of the sample
distribution in interval
estimation and hypothesis
testing.
Give decision-making [1] chapter 8, 9 Read materials in advance CLO1.5
situations that require
Homework CLO2.4
information from interval
estimation and hypothesis Group work: continue to collect CLO2.6
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 3. Population proportion testing data.
Chapter 9: Hypothesis Tests Cengage's Mindtap exercises CLO3.1
chapters 8,9,10 (optional)
1. Developing null and alternative CLO3.2
hypotheses
2. Type I and type II errors
3. Population mean
4. Population proportion
5. Hypothesis testing and decision
making
6. Calculating the probability of type II
errors (self study)
7. Determining the sample size for a
hypothesis test about a population
mean (self study)
Session 6 Chapter 10: Statistical Inference Give decision-making [1] chapter 10 Read materials in advance CLO1.5
About Means and Proportions with situations that require
(5) Homework CLO2.4
information from
Two Populations hypothesis testing with Group work: summarize and CLO2.6
two populations present data, perform statistical
1. Inferences about the difference inference
between two population mean CLO3.1
2. Inferences about the difference
between two population means: CLO3.2
matched samples CLO3.3
3. Inferences about the difference
between two population proportions
Troubleshooting questions about
exercises
Session 7 Mid-term exam: chapters 4,5,6,7 (20%) CLO3.1
(5) Group project submission (20%) CLO3.2
CLO3.3

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Session 8 Chapter 11: Index Numbers Give decision-making [1] chapter 17, 18 Read materials in advance CLO2.1
situations that require
(5) 1. Price relatives Homework CLO2.5
information from price or
2. Aggregate price indexes quantity changes over Cengage Mindtap Exercises CLO2.6
3. Computing an aggregate price index time. (optional)
from price relatives
4. Some important price indexes
5. Deflating a series by price indexes
6. Price indexes: other considerations
7. Quantity indexes
Chapter 12: Forecasting

1. Components of a time series

2. Smoothing methods Give situations which
need to forecast in
3. Trend projection economics and business
4. Trend and seasonal components
5. Regression analysis
6. Qualitative approaches (self study)
Session 9 Review, questions and answers Homework
(5) Announce process score
Total:
45

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12. Student workload:
Students must perform the following tasks:
- Read the material in advance for the coresponding session and do all the
activities detailed in Section 11;
- Students must actively give their opinions in situations given in lectures;
- Actively participate and contribute to group work.
13. Student assessment system:
- Quiz: 30%
- Mid-term exam: 20%
- Final exam (project): 50%

Scoring guide/Rubric

Rubric 1. Group work assessment

Component Weight Excellent Good Average Poor
(%) (100%) (75%) (50%) (0%)

Less No
Proactively and Participate in
Identify research participation in participation in
actively discuss discussion with
problems, research discussion and discussion and
20 with the lecturer the lecturer and
objectives, research with the with the
and make fine make required
content lecturer and lecturer and no
adjustments adjustments
less adjustment adjustment

Moderately Less detailed

Very detailed
detailed and and less clear Sketchy data
Data collection plan 10 and clear data
clear data data collection collection plan
collection plan
collection plan plan

Data collection Data collection Actively

Collect data to
is moderately is less collect data
meet the
right on sample approriate with that is not on
Data collection 10 requirements of
size and sample and demand on
sample size and
audience audience size sample size
survey object
requirements requirements and object

Data summary and 10 Summarizing Summarizing Summarizing Summarizing

presentation and presenting and presenting and presenting and presenting
data is very easy data is data is able to data is difficult
to understand, moderately understand, to understand,
very easy to easy to able to difficult to
visualize understand, visualize visualize
moderately
easy to

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 visualize

Moderately Acceptable
Good statistical Poor statistical
Statistical Inference 10 good statistical statistical
inference inference
inference inference

Moderately
Acceptable Poor
good
Good interpretation interpretation
interpretation
Significance and interpretation of of the of the
of the
application of the the significance significance of significance of
20 significance of
results of statistical of statistical statistical statistical
statistical
analysis results to results to results to
results to
decision making decision decision
decision
making making
making

Creatively, Somewhat
Presentation quality 20 Appropriate Inappropriate
appropriate appropriate

14. Student support:

Lecturers will answer questions from students on the online forum, and schedule at
least one session each week to be present in the school office to meet directly with
students to solve complicated problems directly. Student reception schedule and online
faculty forum must notify students from the first session and announce on the course
on the UEH LMS.
HCMC, February 26, 2021

SCHOOL HEAD’S APPROVAL COMPOSER

(signature and full name) (signature and full name)

Hà Văn Sơn Hoàng Trọng – Trần Hà Quyên

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