ECON485

Distinguish between the art and science aspects of econometrics.

Recognize the differences between correlation and regression analysis.

Develop and estimate a single‐equation OLS regression model.

Analyze regression results and test hypotheses regarding an underlying economic model.

Recognize situations when simple OLS regression analysis is problematic and provide alternatives or corrections.

Identify a potential research question that might support a thesis, and explain the econometric model that can be applied to the question.