Econometrics

Catalog description

Econometrics is an introduction to the branch of economics that addresses the quantitative analysis of economic behavior. Econometrics provides a methodology for empirically examining the relationships among economic variables implied by economic theory. It allows a researcher to estimate the magnitudes of these relationships and to statistically verify or refute hypothesized relationships. In the context of single-equation models students learn to manipulate economic data; identify and apply appropriate estimation techniques; and present, interpret, and evaluate empirical results. Also, students develop basic proficiency in using statistical software.