This course aims to spell out and thoroughly discuss fundamental concepts and procedures used in econometric practices. The course begins with a review of descriptive measures for large data sets (i.e. mean, mode, standard deviation, etc.), normal and binomial distributions, estimation, testing of hypothesis and proceeds to study probability distributions, point and interval estimations, analysis of variance and two-variable regression. Additionally, survey of basic statistical concepts and methods employed in economic analysis and research will be covered. This course is dual-listed with ECO 480.