Econometrics

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Subject:

Social Sciences

Institution Name:

The Saylor Foundation

Collection:

Saylor Foundation

Grade Level:

Post-secondary

Abstract:

This course is designed to provide the student with a simple and straightforward introduction to econometrics. Econometrics is a set of research tools employed in the business disciplines of accounting, finance, marketing, and management. It is also used by social scientists, specifically researchers in history, political science, and sociology, and it even plays an important role in such diverse fields as forestry and agricultural economics. Studying econometrics will help the student transition from being a student of economics to a practicing economist. By taking this course, the student will gain an overview of what econometrics is about and develop some 'intuition' about how things work. Upon successful completion of this course, students will be able to: Explain the fundamental probability concepts used in econometric analysis; Discuss the issues and pitfalls involved in testing theories; Demonstrate an understanding of the formulation of an empirical economic model; Perform data collection, interpretation, organization, and analysis for economics; Identify the desirable properties of estimators; Identify key classical assumptions in the field of Econometrics, explain their significance, and describe the effects that violations of the classical assumptions can have; Demonstrate an understanding of the basics of econometric analysis focusing on the least squares methodology for single explanatory and multiple explanatory variables; Extend to the regression 'family' to handle important special cases; Interpret key statistics and diagnostics typically generated by software. (Economics 203; See also: Mathematics 301)

Languages:

English

Material Type:

Assessments, Full Course, Lecture Notes, Readings, Syllabi, Textbooks

Media Format:

Text/HTML, Downloadable docs, Video

Conditions of Use:

Creative Commons Attribution-Noncommercial 3.0
You are welcome to share, remix, and adapt this course under the terms of the Creative Commons Attribution 3.0 Unported License; however, many linked materials within this course are copyright of their respective authors/owners and may not be openly-licensed. Please respect the copyright and terms of use associated with each resource.

Copyright Holder:

The Saylor Foundation