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Apr 23, 2024
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ECON 641 - Introduction to Econometrics (3 units)
Application of statistical techniques for the purpose of testing and explaining economic relationships; integration of economic theory, with observed economic phenomena. Useful for economic and business forecasting.
Grading Basis: Graded
Units of Lecture: 3
Offered: Every Fall and Spring
Student Learning Outcomes
Upon completion of this course, students will be able to:
1. develop econometrically testable hypotheses based upon economic theory.
2. identify and use the correct econometric and statistical techniques to test hypotheses for different types of variables.
3. conduct and present, either in writing or in a class presentation, results from a multivariate statistical analysis using appropriate econometric techniques.
4. use different computer applications to analyze data and perform econometric analysis.
5. identify problems in data analysis and interpretation arising from methodological or data problems.
6. demonstrate in a class project application of appropriate econometric methods to test an economic theory including deriving and test a specific hypothesis relevant to a general economic or policy question.
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