This course introduces and applies fundamentals of statistics in economic analysis. Topics discussed include the importance of studying statistics, discusses types of statistics, types of variables and levels of measurement. Next, the course teaches students how to organize, summarize and present data using numerical and graphical methods. The course also discusses probability distribution, distinguishes between discrete and continuous probability distribution and discusses the importance of central limit theorem in sampling distribution. Finally, the course guides students on how to carry out statistical inference using point and interval estimations in developing hypothesis testing for decision making purpose.