Tuesday, March 9, 2021

Blending theory with practical applications of Economics through R-programming

In this fast-moving world, working on large sets of information and data has become the norm. To support the analysis of such large sets of information, R-programming as a statistical package is gaining importance. R is a programming language based freely available software environment for statistical computing and graphics, supported by the R Foundation, which is widely used among statisticians and data miners for data analysis. The software is greatly enhanced by numerous contributed packages submitted by users. Especially for economic analysis, including parameters of population, national income, among others, R package has become the go to statistical analysis environment to analyze data and come up with accurate results that can be presented in graphical format as well. To facilitate the employability of students in the industry, academia and public sector, it is crucial that they are aware of the nitty gritty of working with R-programming. In pursuit of the same, the B.A. (hons) course offered by the School of Management and Liberal Studies at The NorthCap University, offers in its programme, course titled “Statistical Programming with R”. The purpose of this course is to set a foundation for full exploitation and creative use of the statistical language for computing and graphics in R. In this course, students learn to program in R and how to effectively use R for statistical computing. The course emphasis is on data manipulation, basic statistical analysis and testing of economic theories. During the course students identify appropriate statistical methods for the data or specific problems and conduct their own analysis using R environment. Pursuing a graduate program at School of Management and Liberal Studies at The NorthCap University in Economics prepares the students to develop employability skills such as R Programming, which guides them to the path of excellence based on strong theoretical fundamentals, enriched with training of application and analysis theories and real life issues.

Mansi Vinaik
Assistant Professor
School of Management and Liberal Studies
The NorthCap University Gurugram

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