ECON 400 - Econometrics

5 CR

This course introduces Econometric methods used in economics, business, finance, marketing, management and other disciplines, with emphasis on practical use and application. Students will construct models using real-world empirical data, conduct hypothesis testing, forecast outcomes, and learn to estimate and interpret the parameters of models.

Prerequisite(s): MATH 342 with a C or better, and acceptance into BAS Data Analytics program, or permission of the instructor.

Course Outcomes
• Apply appropriate econometric tools to model, estimate, and forecast economic problems • Apply appropriate models using indicator variables onto various real-world situations • Identify and interpret error problems in the model and apply appropriate treatments • Use and apply regression analysis with time-series data and panel data • Use econometrics software to process data and incorporate modeling techniques • Perform model assessment and suggest improvements • Critically evaluate the conclusions of others’ econometrics research studies.

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