ING3505 Statistics and economics

Course code: 
ING3505
Course name in Norwegian Bokmål: 
Statistikk og økonomi
Program of study: 
Bachelor i ingeniørfag, studieretning telematikk
Credits: 
10
Level of study: 
Bachelor
Teaching semester: 
2023 Autumn
2024 Spring
Assessment semester: 
2024 Spring
Language of instruction: 
Norwegian / English
Person in charge: 
NTNU/Gjøvik
Geir Arne Bunde
Course content

Course content

Discrete mathematics provides the students with knowledge and an understanding of certain concepts and problems in set theory and combinatorics, which contributes to logical and analytical problem solving in the field of engineering in the Armed Forces. 
Statistics will provide an introduction to basic concepts and methods in descriptive statistics, probability calculation, distributions and statistical methodology. This provides a basis that contributes to the understanding of information processing, and how statistical methods may be used for planning, control and in interpretation and decision phases. 
The economics part of the course shall provide the students with an introduction to basic economic concepts and decision models, and give the students an understanding of economics. This forms the basis for conducting operations in the Armed Forces in a responsible manner where the economy is an aid to achieve this. The course builds on ING1502 Mathematical methods 1.
The subtopics Discrete mathematics and Statistics are taught by a representative from NTNU/Gjøvik. These/this representative is responsible for implementing the subtopics in accordance with this course description.

Course topics
• Set theory
• Combinatorics
• Number theory
• Descriptive statistics
• Probability calculation
• Distributions
• Statistical methodology, including confidence interval and testing hypotheses
• Paired and unpaired models
• Types of costs and models for budgeting
• Management theory and the Norwegian Armed Forces' management model

Special conditions related to the assessments
Both partial examinations must be passed. Any resit is in the assessment unit the candidate has failed.

Learning outcome

Knowledge 
After completion of the course, the cadet is able to:
• explain the content of the central concepts in set theory and combinatorics 
​• explain relevant formulas and arithmetic rules in discrete mathematics 
​• refer to basic connection between statistics and applications in real life 
​• demonstrate and understanding of critical usage of statistics
​• explain different forms of governance and the Norwegian Armed Forces' management model
​• demonstrate a precise understanding of cost concepts
​• refer to calculations as a basis for budgeting

Skills 
After completion of the course, the cadet is able to:
​• arrange and calculate with formulas in discrete mathematics 
​• calculate with symbols and formulas in statistics 
​• be able to apply relevant academic tools
​• use contribution calculation in budgeting

General competence 
After completion of the course, the cadet is able to:
• use own words to describe the application and significance of statistics on engineering problems 
• use own words to describe the concept “responsible management” and about economics as an aid to achieve this 

Working and learning activities

Lectures (online lectures in statistics), exercises and statistics project with Python. 

Sensor system

Examination is carried out according to the Regulations for Admission, Studies and Examinations (in Norwegian, “Forskrift om opptak, studier og eksamen”) at the Norwegian Defence University College.

Curriculum

Løvås. (2018). Statistikk (4. utg.). Universitetsforlaget.
Engenes (2007): Kompendium i emner fra diskret matematikk (2.utg.). NTNU.
Hoff, K. G., & Helbæk, M. (2021). Bedriftens økonomi (9. utg.). Universitetsforlaget.
Busch, T., Vanebo, J. O., & Johnsen, E. (2009). Økonomistyring i det offentlige (4. utg.). Universitetsforlaget.
Forsvarsdepartementet. (2019). Instruks for økonomi- og virksomhetsstyring i forsvarssektoren

Mandatory courseworkCourseworks givenCourseworks requiredPresence requiredComment
Prosjekt11Required Statistics project with Python
Obligatoriske arbeidskrav:
Mandatory coursework:Prosjekt
Courseworks given:1
Courseworks required:1
Presence required:Required
Comment: Statistics project with Python
Form of assessmentGroupingDurationType of durationGrading scaleProportionOral examinationCommentSupported materials
Skriftlig eksamenIndividual4HoursPercentage1/4Not requiredExam in Statistics and discrete mathematicsApproved calculator Formula Collection by Haugan and Statistics formula collection by Hornæs
Skriftlig eksamenIndividual3HoursPercentage1/4Not requiredExam in EconomicsApproved calculator Interest tables
Vurderinger:
Form of assessment:Skriftlig eksamen
Grouping:Individual
Duration:4
Type of duration:Hours
Grading scale:Percentage
Proportion:1/4
Oral examination:Not required
Comment:Exam in Statistics and discrete mathematics
Supported materials:Approved calculator Formula Collection by Haugan and Statistics formula collection by Hornæs
Form of assessment:Skriftlig eksamen
Grouping:Individual
Duration:3
Type of duration:Hours
Grading scale:Percentage
Proportion:1/4
Oral examination:Not required
Comment:Exam in Economics
Supported materials:Approved calculator Interest tables
Authors: 
Geir Arne Bunde