The Raising Factor, That Great Unknown. A Guided Activity for Undergraduate Students

Abstract

In the first years of their economics degree programs, students will face many problems successfully dealing with a range of subjects with quantitative content. Specifically, in the field of statistics, difficulties to reach some basic academic achievements have been observed. Hence, a continuing challenge for statistics teachers is how to make this subject more appealing for students through the design and implementation of new teaching methodologies. The latter tend to follow two main approaches. On the one hand, it is useful for the learning process to propose practical activities that can connect theoretical concepts with real applications in the economic context. On the other hand, we should design multidisciplinary activities that link concepts from different subjects. With this goal in mind, in this article we propose a complete activity for first year students in business administration and economics degree programs, aimed to reinforce some basic statistical and economic concepts, while other basic transversal skills are also practiced, all within the subject of statistics.

Keywords

• applications and case studies
• economics
• education
• exploratory data analysis
• statistical literacy