ECON 495 - Seminar in Economics
Section: 002 Big Data in Economics
Term: WN 2018
Subject: Economics (ECON)
Department: LSA Economics
Credits:
3
Requirements & Distribution:
ULWR
Waitlist Capacity:
unlimited
Waitlist Notes:
https://www.lsa.umich.edu/UofM/Content/econ/document/495app2.htm
Consent:
With permission of instructor.
Enforced Prerequisites:
ECON 401 and 402, each with a grade of C- or better.
Advisory Prerequisites:
ECON 452 or ECON 454.
Repeatability:
May be repeated for a maximum of 6 credit(s).
Primary Instructor:

In this seminar, students will develop and implement "nowcasting" procedures for estimating and analyzing the current state of the aggregate economy using naturally-occurring data. Naturally-occurring data are created by households and businesses as part of their day-to-day activities. They can include financial account data, employment records, social media posting, web pages, and so on. These data can be used to create economic indicators that are complementary to those created by government agencies using surveys and administrative data. Students will create a data set, create an economic indicator, and use it to analyze questions about the economy.

Course Requirements:

The main requirement is a term paper. Intermediate requirements include class presentations of methods and results, drafts of paper components, and diligent participation in the seminar. Students should be prepared for independent learning of new tools.

Intended Audience:

ECON 401, 402, and Econometrics. Concurrent enrollment in Econometrics by juniors with permission of instructor.

Students with an interest in computer science are encouraged to apply.

Class Format:

No data submitted

ECON 495 - Seminar in Economics
Schedule Listing
001 (SEM)
P
11328
Open
12
 
-
TuTh 10:00AM - 11:30AM
Note: Students must apply for enrollment. Application available on Econ Dept website.
002 (SEM)
P
20365
Open
12
 
-
MW 2:30PM - 4:00PM
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