Statistics for Economics

Last Updated : 14 Sep, 2026

Statistics plays a major role in the field of economics. It helps in the study of market structure and understanding the different economic problems. After a better understanding of the economic problems, statistics also help in solving those issues by formulating appropriate economic policies. Every economics branch takes the help of statistics to prove different economic theories. One can also establish a mathematical relationship with the help of statistics. Economists can present the facts of economics precisely. 

Chapter 1: Concept of Economics and Significance of Statistics in Economics

  1. Introduction to Statistics for Economics 

Chapter 2: Collection of Data

  1. Data Collection
  2. Sources of Data Collection
  3. Direct Personal Investigation
  4. Indirect Oral Investigation
  5. Direct Personal Investigation vs Indirect Oral Investigation
  6. Information from Local Sources or Correspondents
  7. Questionnaires and Schedules Method of Data Collection
  8. Questionnaire vs Schedule
  9. Qualities of a Good Questionnaire and types of Questions
  10. Published Sources of Collecting Secondary Data
  11. Precautions before using Secondary Data
  12. Two Important Sources of Secondary Data
  13. National Sample Survey Organisation (NSSO)
  14. Census Method of Collecting Data
  15. Sample Method of Collection of Data
  16. Methods of Sampling
  17. Father of Indian Census
  18. What makes a Sampling Data Reliable
  19. Census Method vs Sampling Method of Collecting Data
  20. Statistical Errors

Chapter 3: Organisation of Data

Chapter 4: Presentation of Data: Textual and Tabular

  1. Textual Presentation of Data
  2. Different Types of Tables
  3. Classification and Tabulation of Data

Chapter 5: Diagrammatic Presentation of Data

  1. Diagrammatic Presentation of Data
  2. Types of Diagrams
  3. Bar Graph
  4. Pie Diagrams
  5. Histogram
  6. Frequency Polygon
  7. Ogive (Cumulative Frequency Curve) and its Types
  8. Arithmetic Line-Graph
  9. Diagrammatic and Graphic Presentation of Data

Chapter 6: Measures of Central Tendency: Arithmetic Mean

  1. Measures of Central Tendency 
  2. Arithmetic Mean
  3. Simple Arithmetic Mean
  4. Calculation of Mean in Individual Series
  5. Calculation of Mean in Discrete Series
  6. Calculation of Mean in Continuous Series
  7. Calculation of Arithmetic Mean in Special Cases
  8. Weighted Arithmetic Mean

Chapter 7: Measures of Central Tendency: Median and Mode

Chapter 8: Measures of Dispersion

  1. Measures of Dispersion
  2. Range
  3. Calculation of Range and Coefficient of Range
  4. Interquartile Range and Quartile Deviation
  5. Partition Value
  6. Quartile Deviation and Coefficient of Quartile Deviation
  7. Quartile Deviation in Discrete Series
  8. Quartile Deviation in Continuous Series
  9. Mean Deviation
  10. Calculation of Mean Deviation for different types of Statistical Series
  11. Mean Deviation from Mean
  12. Mean Deviation from Median
  13. Standard Deviation
  14. Standard Deviation in Individual Series
  15. Standard Deviation in Discrete Series
  16. Standard Deviation in frequency distribution series
  17. Combined Standard Deviation
  18. How to calculate Variance? 
  19. Coefficient of Variation
  20. Lorenz Curve

Chapter 9: Correlation

  1. Correlation
  2. Methods of measurements of Correlation 
  3. Calculation of Correlation with Scattered Diagram
  4. Spearman’s Rank Correlation Coefficient
  5. Calculation of Karl Pearson's Coefficient of Correlation
  6. Methods of Calculating Karl Pearson's Coefficient of Correlation

Chapter 10: Index Number 

  1. Index Number
  2. Methods of Construction of Index Number
  3. Unweighted or Simple Index Numbers
  4. Methods of calculating Weighted Index Numbers
  5. Fisher's Index Number as an Ideal Method
  6. Fisher's Method of calculating Weighted Index Number
  7. Paasche's Method of calculating Weighted Index Number
  8. Laspeyre's Method of calculating Weighted Index Number
  9. Laspeyre's, Paasche's, and Fisher's Methods of Calculating Index Number
  10. Consumer Price Index (CPI)
  11. Methods of Constructing Consumer Price Index (CPI)
  12. Wholesale Price Index (WPI)
  13. Index Number of Industrial Production
  14. Inflation and Index Number
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