The BEC212 module introduces students to statistics and their role in the analysis of economic data. It deals with fundamental topics, such as descriptive statistics, and graphical approaches, which provide important tools for exploring and describing data. It also deals with probability, random variables, and probability distributions, which are invaluable in decision making. Last but not least, the module deals with sampling and sampling distributions, thus laying the foundation upon which, the statistical methods, addressed in the BEC212 module are built. Throughout the BEC212 module, emphasis is placed on the application of the relevant concepts and methods to typical problems in business and economics.