Econometrics I: Econometric Methods

This course provides an introduction to econometric methods and their applications. The main workhorse of applied econometrics is the linear regression model and the course will develop its theory and look at a wide range of applications. The course emphasizes intuitive and conceptual understanding as well as hands on econometric analysis using modern computer software on data sets from economics and business. Students learn how to conduct empirical studies, as well as how to analyze and interpret results from other empirical works. We cover a broad range of topics, including: brief review of basic statistics; ordinary least squares estimation and its properties; choice of functional form; departures from standard OLS assumptions; time series analysis. This is a hands-on course with a focus on applications in economics as well as business. A standard statistical software will be used during computer sessions, no special programming skills are required.