ECON 420-01, Econometrics, Spring 2009

Abstract

Economics is the study of relationships among variables. Econometrics is the study of estimating these relationships, testing economic theories, and evaluating and implementing government and business policy. Students are expected to (1) develop an understanding of the single and multivariate linear regression method of estimation--applied to both cross-sectional and time-series data, (2) make inferences and test economic theories based on real-world data and (3) learn and implement the methods for addressing heteroskedasticity, autocorrelation, multicollinearity. I expect that at the end of this course you will be able to read and interpret scholarly Economics journals. Furthermore, you will have the tools to design and complete a research project for your senior seminar.