4.0

credits

Average Course Rating

Introduces students to the application of basic statistical methods to economic analyses. They use econometrics to support or reject theories from economics using empirical observation. Students cover the basic concepts behind linear regression models by studying cases where the dependent variable is continuous and is a linear function of the parameters of interest. Improves students’ ability to conduct economic analysis using observational data, as economic studies rarely benefit from the availability of controlled experiments. Exercises provide hands-on experience in implementing well-crafted empirical analysis. Students learn to employ tools and methods and compare the results with respect to those obtained from initial estimations based on very restricted assumptions.