# Applied Statistics for Finance and Economics (L1064)

**Source**: https://www.sussex.ac.uk/study/modules/undergraduate/2026/106041-applied-statistics-for-finance-and-economics
**Parent**: https://www.sussex.ac.uk/study/undergraduate/courses/business-analytics-bsc-hons

**15 credits, Level 5**

**Spring teaching**

On this module, you'll be introduced to the empirical use of various statistical methods commonly used in the social sciences. You'll learn about best statistical practice through using, exploring and analysing real-world data.

Topics covered include:

- measuring skewness and kurtosis in empirical data
- undertaking tests for normality, goodness-of-fit, and non-parametric testing principles
- ANOVA and experimental design
- OLS and maximum likelihood estimation in the bivariate regression model
- the linear probability and logistic models
- detrending, deseasonalising, and forecasting using time series data
- basic concepts in sample survey methods.

### Teaching

54%: **Lecture**\
 20%: **Practical** (Workshop)\
 27%: **Seminar**\

### Assessment

40%: **Coursework** (Report)\
 60%: **Examination** (Unseen examination)\

### Contact hours and workload

This module is approximately 150 hours of work. This breaks down into about 32 hours of contact time and about 118 hours of independent study. The University may make minor variations to the contact hours for operational reasons, including timetabling requirements.

We regularly review our modules to incorporate student feedback, staff expertise, as well as the latest research and teaching methodology. We’re planning to run these
modules in the academic year 2026/27. However, there may be changes to these modules in response to feedback, staff availability, student demand or updates to
our curriculum.

**We’ll make sure to let you know of any material changes to modules at the earliest opportunity.**

### Courses

This module is offered on the following courses:

- [Business Analytics (with a professional placement year) BSc](https://www.sussex.ac.uk/study/undergraduate/courses/business-analytics-with-a-professional-placement-year-bsc-hons)
- [Business Analytics BSc](https://www.sussex.ac.uk/study/undergraduate/courses/business-analytics-bsc-hons)
- [Economics (with a professional placement year) BA](https://www.sussex.ac.uk/study/undergraduate/courses/economics-with-a-professional-placement-year-ba-hons)
- [Economics (with a professional placement year) BSc](https://www.sussex.ac.uk/study/undergraduate/courses/economics-with-a-professional-placement-year-bsc-hons)
- [Economics BA](https://www.sussex.ac.uk/study/undergraduate/courses/economics-ba-hons)
- [Economics BSc](https://www.sussex.ac.uk/study/undergraduate/courses/economics-bsc-hons)
- [Economics and Data Science (with a professional placement year) BSc](https://www.sussex.ac.uk/study/undergraduate/courses/economics-and-data-science-with-a-professional-placement-year-bsc-hons)
- [Economics and Data Science BSc](https://www.sussex.ac.uk/study/undergraduate/courses/economics-and-data-science-bsc-hons)
- [Economics and Finance (with a professional placement year) BSc](https://www.sussex.ac.uk/study/undergraduate/courses/economics-and-finance-with-a-professional-placement-year-bsc-hons)
- [Economics and Finance BSc](https://www.sussex.ac.uk/study/undergraduate/courses/economics-and-finance-bsc-hons)