Quantitative Methods applied to International Business
Bachelor of Science in International Trade
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The Subject “Quantitative Methods applied to International Business” consists of three parts:
Part 1. Introduction to Quantitative Methods
Unit 1. Concept and content of statistics:
- Concept and content of statistics
- Population and sample
- Statistical analysis: Descriptive statistics and statistical inference
- Data. Classification of data
- Business applications
Part 2. Descriptive analysis
Unit 2. Descriptive analysis of a variable
- Distribution of frequencies
- Graphical representation
Unit 3. Position Measures:
- Position Measures of central tendency
- Properties of Position Measures of the central tendency
- Location measures: quartiles
Unit 4. Measures of dispersion, form and concentration
- Measures of dispersion
- Measures of form
- Concentration measures
- Standardised variable
- Exploratory data analysis
- International Business applications
Unit 5. Two-dimensional descriptive analysis:
- Distributions of joint frequencies
- Conditioned distributions
- Statistical independence
Unit 6. Association between variables:
- Scatter plot
- Linear association: covariance
- Pearson correlation coefficient
- Linear adjustment
Unit 7. Index numbers:
- What are and what are the index numbers
- Calculation of index numbers. Laspeyres and Paasche
- Measures of inequality
- Change of base and link of series of index numbers
- Deflation value series
Unit 8. Time series:
- Concept and graphic representation
- Components
- Analysis of trend
- Seasonal variations
- Rates of variation
Part 3. Practical applications
Unit 9. Application of statistics to the Foreign Trade
- The main global statistical sources related to the International Business (WTO, WB, IMF, Development Banks, etc.)
- Techniques of analysis of the data obtained with spreadsheet
The objectives of the subject “Quantitative Methods applied to International Business” are the following:
- To provide students with the necessary knowledge to know how to collect,
process and interpret data using the statistical techniques
- To learn how to apply the different statistical techniques to the study of the international markets
- To know how to produce reports and works, with a certain quantitative basis
- To familiarise the student in the search for statistical information related to
international business