Department of Economics

Econ 4485 - Econometrics

Course Objectives and Assessment

Objective 1: Understand how economists use data to add empirical content to their research.

Outcome:

  1. Students will be introduced to including data in economic analysis.

Assessment:

  1. Successful completion of problem sets and success on the exams.

Objective 2: Understand regression analysis.

Outcome:

  1. Students will understand Ordinary Least Squares.
  2. Students will practice running regressions and interpreting the results.

Assessment:

  1. Successful completion of problem sets and success on the exams.

Objective 3: Understand hypothesis tests and evaluation of estimated coefficients.

Outcome:

  1. Students will understand how to set up statistical tests and when they are appropriate.
  2. Students will understand the use of t-tests for individual random variables.
  3. Students will understand F-tests for multiple coefficients.

Assessment:

  1. Successful completion of problem sets and success on the exams.

Objective 4: Analyze results for robustness.

Outcome:

  1. Students will analyze outcomes for acceptable statistical properties.
  2. Students will understand how to check for and correct multicollinearity.
  3. Students will understand how to check for and correct auto-correlation.
  4. Students will understand how to check for and correct heteroskedasticity.

Assessment:

  1. Successful completion of problem sets and success on the exams.

Objective 5: Build a model and present results.

Outcome:

  1. Students will conduct original research using the techniques learned during the semester.

Assessment:

  1. Successful completion and submission of a paper or project.

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