30280 - APPLICATIONS FOR MANAGEMENT
Course taught in English
Class-group lessons delivered on campus
The exam code 30001 Statistics is a prerequisite of the exam code 30280 APPLICATIONS FOR MANAGEMENT.
The purpose of the course is to enable students to structure and conduct autonomously a research project based on the analysis of data sets concerning business, economics and in general the social sciences. The course presents a set of tools with an applied perspective, providing the methodological knowledge that is necessary to conduct such projects with competence and with the ability to choose appropriate statistical methods for various applied research problems. The course is highly relevant for conducting your dissertation in the following semester.
- Introduction to applied research, research design, formulation of research questions and hypothesis, associations and causality.
- Sampling and data sources, sample selection, finding data for research projects.
- Regression analysis: the simple one regressor case, multivariate regression, assumptions and properties, violation of assumptions and remedies.
- Factor analysis: model, extraction, rotation, interpretation.
- Scale construction and evaluation: reliability analysis and composite scores.
- Cluster Analysis.
- Regression analysis revisited: regression analysis in combination with factor analysis and cluster analysis, binary response models.
- Select, clean and manage large and complex data sets to be used for applied research.
- Distinguish between different kinds of variables.
- Explain how variables can be used in standard statistical techniques.
- Explain linear regression, test for its underlying assumptions and make relevant interpretations.
- Explain the methods of cluster analysis and factor analysis.
- Distinguish between associations and causal effects in statistical analysis and assess their implications for policy.
- Apply statistical software to analyse and answer defined research questions and hypotheses.
- Formulate, analyse data, and write a structured applied research project.
- Confidently apply the methods of linear regression, cluster analysis and factor analysis.
- Face-to-face lectures
- Online lectures
- Exercises (exercises, database, software etc.)
- Group assignments
- Outline and explain the process of implementing the research project assignment.
- One webinar to both explain and answer questions concerning the research project/assignment.
- One class is taught fully online.
- There are a set of meetings where we demonstrate and explain how to use the statistical software STATA, and where students are given tasks of answering and solving tasks related to the STATA and the use of large and complex data sets.
- Standard exercises concerning applied statistical calculations.
- The project/assignment is an applied research project which may be conducted by students working alone or in groups of up to 4. You have to choose your group - it is not assigned by the professors.
- In terms of content, students are required to design an applied research project that can be completed using secondary data. To perform data analysis, students are expected to use one or more of the techniques introduced in this course, interpret the results and draw conclusions. For the project you have to use a data source provided by the professors. The maximum length of the project is 10 pages.
Assessment is based on:
A project (30%):
- The project can be submitted once only. The maximum grade available to students who do not submit a project is 21/30. The partial exam (i.e. 1st partial exam) is available for third year BIEM students in the first semester. Provided you pass this exam, you can take the second partial exam in December. If you fail the partial exam or you are unable to attend (e.g. being away on exchange) – you need to take the general exam (which covers all material) being held in December and February or to be arranged on later dates (exact dates to be confirmed).
A written exam (70%):
- The written exam (i.e. 70%) consists of short questions. The questions cover theory, methods and interpretation of the results of applied research. The exam covers material covered in the lectures, in the text book and other set of readings, such as the lecture notes, may be included in the exam. Students will also be required to use STATA to answer questions based analysing real data sources.
Students may take 30280 Applications for Management and 30001 Statistics exams in the same session. However, in order to retain the grade in 30280 Applications for Management, they do need to also pass the the 30001 Statistics exam. In case students fail the 30001 Statistics exam, they do need to retake the 30280 Applications exam.
- Lecture notes online on the Bboard platform.
- P. NEWBOLD, W.L. CARLSON, B. THORNE, Statistics for Business and Economics and Student CD, Prentice Hall (International Edition), 2012, 8th edition (Note that this book is the one you have used for your previous Statistics course. The book is used in the lectures on Linear Regression and ANOVA).
- R. WARNER, Applied Statistics: From Bivariate through Multivariate Techniques, Los Angeles: Sage, 2008 (We only use chapter 4 from this book, which is made available online from the library).
- J.F. HAIR, R.L. TATHAM, R.E. ANDERSON, et al., Multivariate Data Analysis International Edition (Paperback), Pearson Education, International Edition, 5th or 6th edition,(ISBN-10: 0139305874) (note that this book is used for Factor Analysis and Cluster Analysis (lectures from end of October onwards) – whereby chapter 3 (FA) and chapter 8 (CA) are made available online from the library).
- In this course we are using the software STATA. We introduce STATA through the lectures and tutorial office hours, but bear in mind that STATA is quite user-friendly and we expect you to learn STATA through “learning-by-doing”. There are several books available for doing statistics with STATA (most of them available on Amazon). There is also a lot of online material on STATA.