In a world where it’s difficult to pick up speaking and understanding different languages, Surrey Loft can be an excellent tool for anyone hoping to learn more about the economy of the country they live in.
Quantitative methods are well-suited to dealing with economics, but they tend not to work very well on qualitative questions like “Why do people feel this way?”
Surrey Loft introduces research methods such as data analysis and economic modeling in an easy-to-understand way that anyone can understand. You’ll find yourself completing tasks like estimating the distribution of wealth, calculating market shares, and forecasting profits in your own time and without extensive training.
This is an excellent way to get started if you want to learn more about economics and how the economic theory works.
When you try out Surrey Loft, you’ll be asked to investigate your country’s economy. In a few short minutes, you’ll have answered questions like “What is the average size of a family in Canada?”, “Does everyone in Alberta own a car?” and “How much money would we save if we replaced all our gasoline with diesel?”
Each question requires you to enter some information into a form. As you answer each question, your answers automatically get saved to your online account. You’ll be asked to complete some preliminary calculations every so often (pre-set by the administration or during the trial period). The calculations you’re asked to complete include basic things like finding the mean, median, and standard deviation of a data set (relative to some other sample) or significant tests such as the t-test, if-test, and chi-square test. The questions usually do not require data analysis techniques, but you will get an intuition for how those techniques work through their examples.
This makes it more intuitive to understand how your data was distributed by displaying it this way.
Another nice feature of Surrey Loft is that you don’t have to pay a fee to perform these preliminary calculations. There is no charge for this, but if you have any questions about the calculations you’ve completed, don’t hesitate to get in touch with the administration. They will be happy to give a free consultation over the phone or through Skype.
Surrey Loft is an online course that includes some preliminary, simple calculations in its first few lessons to lay a foundation for more complex methods. It’s meant not only as an introduction to economic research but also as a way of getting some practical experience with analysis and statistics before you take a course on economics at your university.
Conclusion.
If you need to make a budget or plan for your future, this is a fantastic course that gives you the background to understand the economy of your country. This is a free course, but it is limited to the first 10 students to enroll to give enough time for the administration and instructors to evaluate each student’s progress. After this period, you will have access only if one of your friends or someone else enrolls with you. You can try out all the modules free of charge until then.