Economics 328: Applied Econometrics

Course Description:

This course provides an introduction to the methods for quantitative research in economics. We will be concerned with the proper formulation of economic hypotheses, hypothesis testing, estimation, modeling and forecasting.

In the process, we will examine some of the "diseases" to which economic research is susceptible (multicollinearity, heteroscedasticity, autocorrelation, simultaneous-equations bias) and their remedies.

A continuing class project, time permitting, will be to build, estimate and evaluate our own macroeconomic model of the economy.

In addition, each of you will undertake a significant empirical research project of your own and present your work to the class. Past students have found these projects to be excellent preparation for Senior Project.

Prerequisite: Econ 227, Econ 301, and Econ 302

Grades determined by an extensive individual research project, class participation, and a take-home final exam.