Econ 4485 - Econometrics
Course Objectives and Assessment
Objective 1: Understand how economists use data to add empirical content to their research.
Outcome:
- Students will be introduced to including data in economic analysis.
Assessment:
- Successful completion of problem sets and success on the exams.
Objective 2: Understand regression analysis.
Outcome:
- Students will understand Ordinary Least Squares.
- Students will practice running regressions and interpreting the results.
Assessment:
- Successful completion of problem sets and success on the exams.
Objective 3: Understand hypothesis tests and evaluation of estimated coefficients.
Outcome:
- Students will understand how to set up statistical tests and when they are appropriate.
- Students will understand the use of t-tests for individual random variables.
- Students will understand F-tests for multiple coefficients.
Assessment:
- Successful completion of problem sets and success on the exams.
Objective 4: Analyze results for robustness.
Outcome:
- Students will analyze outcomes for acceptable statistical properties.
- Students will understand how to check for and correct multicollinearity.
- Students will understand how to check for and correct auto-correlation.
- Students will understand how to check for and correct heteroskedasticity.
Assessment:
- Successful completion of problem sets and success on the exams.
Objective 5: Build a model and present results.
Outcome:
- Students will conduct original research using the techniques learned during the semester.
Assessment:
- Successful completion and submission of a paper or project.