Econometrics
General
Prefix
ECON
Course Number
615
Course Level
Graduate
Department/Unit(s)
College/School
Herberger Business School
Description
Economic theory and statistical inference to specify, estimate, and interpret economic models with emphasis on applied economic analysis. Model specification, lease squares and maximum likelihood estimates of single and simultaneous equations, forecasting and simulation.
Credits
Min
3
Max
3
Repeatable
No
Goals and Diversity
MN Goal Course
No
Cultural Diversity
No
Learning Outcomes
Outcome
Distinguish between the art and science aspects of econometrics.
Outcome
Recognize the differences between correlation and regression analysis.
Outcome
Develop and estimate a single‐equation OLS regression model.
Outcome
Analyze regression results and test hypotheses regarding an underlying economic model.
Outcome
Analyze and Investigate situations when simple OLS regression analysis is problematic and provide alternatives or corrections.
Outcome
Identify a potential research question that might support a thesis, and explain the econometric model that can be applied to the question.
Dependencies
Programs
ECON615
is a
completion requirement
for: