An introduction to the basic components of statistical analysis necessary for applied economic research. Basic concepts of probability, probability distributions, random sampling, point estimation, internal estimation and hypothesis testing are covered. Special attention is focused on the development of multiple regression analysis. Must be taken on the letter grade basis by Economics majors. It is recommended that this course be taken prior to the second semester of the junior year. Prerequisite: ECON*100, ECON*101, and MATH*157 or MATH*160. Distribution Requirements: QR.