ECON 312 - Theory and Practice of Econometrics

An introduction to the statistical methods commonly used in economic research. Classroom development of theoretical material is combined with extensive hands-on practice of econometric techniques. Statistical methods discussed include estimation and inference in simple and multiple linear regression models, detection and correction of autocorrelation and heteroskedasticity, time-series models and distributed lags, and estimation of systems of simultaneous equations. Considerable emphasis is placed on learning to specify, implement, and evaluate tests of economic hypotheses.

Unit(s): 1
Group Distribution Requirement(s): Distribution Group II
Prerequisite(s): ECON 201 and STAT 141 (previously MATH 141) or similar introduction to statistics
Instructional Method: Lecture-conference
Grading Mode: Letter grading (A-F)
Group Distribution Learning Outcome(s):

Evaluate data and/or sources.
Think in sophisticated ways about causation, social and/or historical change, human cognition, or the relationship between individuals and society, or engage with social, political, religious or economic theory in other areas.