ECONOMIC STATISTICS

Status: Required course

Period: Second year, Second semester

ECTS credits: 4

Class hours: 60 class hours (30 lectures and 30 seminars)

Language: Bulgarian, English

Requirements:

Prerequisites: completed courses in Statistics, Micro- and Macroeconomics

Course content

As a social science statistics dates back to ancient times. Modern economic statistics developed in the period after the scientific revolution in the seventeenth century in parallel with the development of economic theory. Initially known as a Study of the state in Germany or Political arithmetic in England, it started with the Economic Table (Tableau économique) by François Quesnay in 1758 and the Detailed Description of France (Le détail de la France) by Boisguillebert and gradually became a science which describes, measures and analyses the processes of the economic cycle. Economic statistics acquired its present state with the adoption of the United Nations system of National Accounts (SNA93).

Course aim

The aim of the course is the students to learn and apply the economic statistics methodology in making the right decisions in business management and in defining economic policy.

Intended learning outcomes

Students should:

- Know the set of concepts of economic statistics;

- Learn the methodology of economic statistics;

- Learn the techniques of economic statistics;

- Define the basic concepts, variables, indices and dependencies and construct models;

- Be able to interpret correctly the obtained results;

- Be able to take the right management decisions on the basis of economic statistics.