ECON310
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ECONOMETRICS
Course Description
Econometrics is the application of mathematical and statistical methods and techniques in order to: 1) help understand, analyze, and interpret economic and financial data, 2) test economic and financial hypotheses/theories, and 3) generate predictions about particular economic and financial variables. Econometrics is fundamentally a regression-based correlation methodology used to measure the overall strength, direction, and statistical significance between a "dependent" variable - the variable whose movement or change is to be explained - and one or more "independent" variables that will explain the movement or change in the dependent variable. Students are expected to have a solid grounding in algebra and Management Statistics.