This course examines the statistical techniques economists use to analyze data, estimate causal effects, make predictions, and test economic theory. It emphasizes estimating multiple regression models including models of firm output, product prices, and wages. Students learn to make statistical and practical inferences about the true causal relationships. The course covers the data analysis skills required for careers as a consultant, financial analyst, researcher, or economist in the private and public sectors. The skills practiced in the course include using statistical software to analyze data.
Learning Outcomes
1Model economic relationships in a regression framework.
2Estimate economic models using the assigned statistical software.
3Perform statistical and practical inference based on the results of empirical analysis.
4Communicate empirical results clearly and concisely, in graphs, tables and writing.
5Derive properties of estimators (unbiasedness, consistency, efficiency) and evaluate the characteristics of specific empirical models.
Course ECON 360 from Purdue University - West Lafayette.
