| dc.description.abstract | ECO 1421 introduces the basic econometric methods used for analyzing economic data,
testing economic theories, and evaluating policies. The prerequisite for the course is introduc-
tory calculus and statistics. We will also use basic college algebra, and you should know some
introductory-level economics. We start with a review of probability and statistics. You can
also read the early appendices (A, B, and C) in Wooldridge.
The specific topics of the course include: basic probability & statistics, assumptions of the
Gauss-Markov theorem, univariate and multivariate regressions, multivariate regression with
dummy variables, statistical inference and testing, heteroskedasticity and panel data analysis.
An important part of the course is using a statistics/econometrics package to analyze real data
and interpret estimates. This course uses R. Therefore, you will need a way to regularly access
R.
Due to the ongoing Covid-19 situation, there could be occasional online lectures through
Zoom. If that happens, an announcement will be made prior to the lectures. | en_US |
