Econometrics is about statistical analysis of economic data. This course will introduce both theory and practice of econometrics.We will begin on reviewing essential concepts from probabilities and statistics. Then emphasis will be laid on regression analysis including the meaning and properties of both single and multivariate regression. Student will develop ability on how to do estimation and hypotheses testing using real datasets and an econometrics software package(i.e.STATA). Regression on panal data, binary response, instrumental variables, and time series will also be introduced.
This course requires students to devote significant space to empirical applications in economics and related fields through hand-on experience. Upon completion students are expected to develop ability on analyzing economic phenomena under empirical data sets and implementing econometrics software.