An introduction to probalistic modeling and statistical inference applied to the analysis of economic data for students with basic knowledge of calculus. Topics covered include: probability, discrete and continuous random variables, probability distributions, mean, variance, correlation, sampling, parameter estimation, unbiasedness and efficiency, confidence intervals, hypothesis testing. Computing labs with Excel.
5
UnitsOptional
Grading1, 2, 3
PasstimeNone
Level LimitLetters and science
CollegeOchoa is clearly an intelligent individual with a firm grasp of the material. However, he is not the best lecturer. Reading the textbook, which is pretty expensive, can make up for his unorganized lectures. Attendance is mandatory though so you still have to show up to lecture.
Judge Ochoa is a lawyer that uses the little spare time he has to teach classes on law considering that UCSB doesn't have law classes. He's truly inspirational and he really gives you a taste of what law school will be like by making us read court cases, answer his questions during lecture, and then making us write memos and legal briefs.
The lectures are so boring and dull it was really difficult to pay attention. I feel like I did not learn much from this class and felt that I could not disagree with the premise that was being presented. He loved to talk about himself but he would take 15 minutes to explain a story that could have been told in 5. Only take as a last resort.
Attendance taken in lecture & section (20%). Take home midterm (30%), take home + in class exam = 50% final. All are super easy. Lectures are boring & unorganized. Sometimes had guest speakers and movies which make it more interesting. Never really has a lesson plan & doesn't follow the syllabus. Super interesting material, but bad presentation.