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:

Research and policy analysis is shifting away from designed data, such as surveys or official statistics, to naturally-occurring data or “big data” that are created by households and businesses as part of their day-to-day activities. Big data can include financial account data, employment records, social media posting, web pages, and so on. They can be numerical, textual, images, or a combination. These data can be used to create economic indicators that are complementary to those created by government agencies using surveys and administrative data.

In this seminar, students will create a data set, create an economic indicator, and use it to analyze a question about the economy. The seminar will introduce students to methods required to do economic research using big data. It will guide students through the design, execution, and writing of an independent research project.

Course Requirements:

The main requirement is a term paper. Intermediate requirements include class presentations of methods and results, occasional problems or exercises, drafts of paper components, commenting on written work and oral presentations, and diligent participation in the seminar. Students should be prepared for independent learning of new tools. The course is designed to be part of the honors program in economics. Interested and qualified students not in the honors program are also welcome to apply for the course.

Intended Audience:

Enrollment by permission of instructor via an application process administered by the Dept. of Economics. Concurrent enrollment in Econometrics by juniors with permission of instructor.

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

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