EC 452. Econometrics I.
Department of: Economics and Finance
Title of course: Econometrics I
Course No. EC452
Revised: Spring 2014
- Catalog Description and Credit Hours of Course:
An introduction to quantitative analysis of economic behavior. (3 credit hours)
- MA134 College Algebra
- EC215 Principles of Microeconomics or AG245 Agricultural Economics
- EC225 Principles of Macroeconomics
- One class in probability and statistics (e.g., QM257, QM258, MA223, SO242)
- Purposes or Objectives of the Course
Students who complete this course should be:
Student Learning Outcomes:
- familiar with the tools, techniques and methods of empirical economics.
- able to analyze data using computer applications.
- familiar with regression methods and other statistical techniques.
- able to read and assess general interest articles on economics.
Students who complete this course should be able to
Expectations of Students
- Use a statistical/econometric computer package to estimate an econometric model.
- Report the results of their work in a literate manner.
- Interpret regression results in applied economic papers.
- Regular class attendance and participation in class discussions and question/answer
- Familiarity with assigned readings.
- Satisfactory performance on examinations and other assignments.
- A minimum of two hours of outside class work for every hour in class.
Textbook(s) and/or Other Required Materials or Equipment:
- Introduction to econometrics (2 hours)
- The simple linear regression model (5 hours)
- Interval estimation and hypothesis testing (5 hours)
- Prediction, goodness-of-fit and modeling issues (5 hours)
- The multiple regression model (5 hours)
- Further inference in the multiple regression model (5 hours)
- Nonlinear relationships (5 hours)
- Heteroskedasticity (4 hours)
- Dynamic models, autocorrelation and forecasting (5 hours)
- Random regressors and moment based estimators (4 hours)
Basis for Student Evaluation
- Hill, R. Carter, William E. Griffiths and Guay C. Lim, Principles of Econometrics, 4th edition, Wiley, 2012.
- Atkins, Lee C. and R. Carter Hill, Using Stata For Principles of Econometrics, 3rd edition, Wiley, 2008.
- Examinations 75%
- Homework 25%
The weights of evaluation criteria may vary at the discretion of the course instructor.
Academic Policy Statement
- 100-90% A
- 89-80% B
- 79-70% C
- 60-60% D
- Below 60% F
Students will be expected to abide by the University Policy for Academic Honesty regarding
plagiarism and academic honesty.
Students with Disabilities Statement
If a student has a special need addressed by the Americans with Disabilities Act (ADA)
and requires materials in an alternative format, please notify the instructor at the
beginning of the course. Reasonable efforts will be made to accommodate special needs.
Refer to http://www.semo.edu/ds