Applied Econometrics for DAS
94-431
Units: 6
Description
Econometrics has an important place in the data sciences. As your textbook authors say, the purpose of econometrics is to “untangle cause and effect in human affairs.” Econometrics is essential for advancing understanding in the social sciences, conducting public policy evaluation, and assessing the impact of business practice.
Learning Outcomes
- Learn why random assignment is so useful for the purpose of sorting out cause and effect.
- Develop a clear understanding of bivariate and multiple regression, and come to appreciate the value and limitations of regression methods.
- Acquire an appreciation for the use of instrumental variables for the purpose of evaluating causality in complex real-world applications.
Prerequisites Description
You are presumed to have a solid grounding in basic statistics, at the level of 90-707 (Statistical Reasoning), 90-711 (Statistical Reasoning with R), or 90-777 (Intermediate Statistics). We will make good use of the material covered in those courses.