Introductory econometrics

About this programme

The purpose of this course is to introduce the students to the theory and application of basic methods for market analysis. The course covers the basic tools for market analysis such as estimation, inference and forecasting. After completion of the course, the student: - can analyze markets by applying the tools of estimation, inference and forecasting in the context of real world economic problems - is able to process information from a sample of business or economic data - is able to obtain a perspective on the empirical work of others who have analyzed markets empirically using econometric tools and to critically evaluate these studies. The student will also acquire knowledge of: - the distinction between different types of data (Experimental vs non-experimental, continuous, discrete, etc) - how to collect business and/or economic data by using field experiments and/or other methods. - the Ordinary Least Squares method (OLS) and when it is more suitable to use alternative methods - how to analyze data by from field experiments and/or other methods of data collection. hypothesis testing and prediction Literature lists are published at the latest one month ahead of the course start date. The purpose of this course is to introduce the students to the theory and application of basic methods for market analysis. The course covers the basic tools for market analysis such as estimation, inference and forecasting. After completion of the course, the student: - can analyze markets by applying the tools of estimation, inference and forecasting in the context of real world econom