|
Introduction to Econometrics |
|
ECONOMETRICS |
| CLASS CODE: |
ECON 421 |
CREDITS:
3
|
| DIVISION: |
BUSINESS & COMMUNICATION |
| DEPARTMENT: |
ECONOMICS |
| GENERAL EDUCATION: |
This course does not fulfill a General Education requirement. |
|
| DESCRIPTION: |
This course emphasizes the application empirical methods commonly used to analyze economic phenomena. Methods of empirical analysis are used to test the validity of hypothesized economic relationships and to forecast economic trends. A mixture of theory and applied computer work with respect to estimation, hypothesis testing, model construction and development, and simulation of econometric models. Other related topics include forecasting, computer applications, and the use of econometrics in business and government. |
| TAUGHT: |
Winter 2005, Fall 2005, Summer 2006 |
| CONTENT AND TOPICS: |
- Statistical inference
- Hypothesis testing
- Simple linear regression
- Multiple regression techniques
- Heteroskedasticity
- Autocorrelation
- Selection bias
- Model misspecification
- Simultaneous equation models
|
| GOALS AND OBJECTIVES: |
- Obtain a definition of the field of
Econometrics.
- Gain an understanding of the methods commonly used in Econometrics.
- Develop testable economic hypotheses.
- Develop a working knowledge of vocabulary
commonly associated with Econometrics.
- Experience and experiment with
distribution theory.
- Become proficient in the use of OLS
regression techniques.
- Use common tests for heteroskedasticity, autocorrelation and model misspecification.
- Test hypotheses related to economic information.
- Establish corrections for commonly experienced data problems.
- Collect data and perform a regression analysis.
- Present an analysis of data representing what has been collected and analyzed.
|
| REQUIREMENTS: |
Exams, homework, and class project. |
| PREREQUISITES: |
Economics 111, 112, 380, Math 221 |
| OTHER: |
|
| EFFECTIVE DATE: |
January 2004 |
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