ECON 251 - Introduction to Statistics and Econometrics II is designed to introduce students to the fundamentals of econometric analysis. To this end, the primary focus of the course is on simple and multiple linear regression under the classical assumptions. Extensions include testing hypotheses for single and multiple linear restrictions; regression with binary variables, basic regression with time-series data, and other deviations from the classical assumptions. More advanced topics include instrumental variable estimation, and the difference-in-differences estimator in pooled cross-section data.
The course will put a heavy emphasis on empirical applications; econometric theory will be discussed where necessary but will not be the central focus.
Course Requirements:
All testing for this course is in person. There will be 4 quizzes and a midterm exam, all taking place during lecture time. The final exam will take place during the time slot assigned by the Registrar's Office.
Intended Audience:
The knowledge attained in the course will be valuable for students who consider a career in economics, business, marketing, finance, and other related fields. Students with a strong mathematical background seeking a more advanced treatment of the material may wish to consider ECON 452 instead.
Class Format:
In person