Syll321F08 - APPLIED ECONOMETRICS Economics 321 Fall 2008...

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APPLIED ECONOMETRICS Economics 321 Fall 2008 Department of Economics, Cornell University INSTRUCTOR: Prof. Francesca Molinari OFFICE: Uris Hall 492 TELEPHONE: (607) 255-6367 E-MAIL: [email protected] OFFICE HOURS: Thursday 11:30 am - 12:45 pm TEACHING ASSISTANTS: Jae Ho Yun SECTION 1: F 9:05-9:55am STL 398 SECTION 2: F 10:10-11:00am STL 398 OFFICE: Uris Hall 401A E-MAIL: [email protected] OFFICE HOURS: Tuesday 11:00 am - 1:00 pm Friday 11:10 am - 12:10 pm Course Description Economics 321 is a one-semester introductory course in statistics and econometrics. The main objective of this course is to teach students to use and interpret a set of quantitative methods fre- quently employed in empirical analysis of economic phenomena. Applications of these methods will be emphasized throughout the course, but it is also an objective of this course to provide su¢ cient grounding in the underlying probability theory and statistics to enable students to understand the conceptual framework that has generated these methods, and to link these methods with more advanced ones that may be studied later. random sampling from a population, and introduce the distributions of some sample statistics. From there we will move to the problem of estimation ± the process of using data (in the best 1
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course will end with a thorough discussion of hypothesis testing about the mean of a population (economic) variable. In the second part of the course we will study how to analyze relationship among several (economic) variables. We will focus on one of the most common starting point in econometric studies: the linear regression model. Knowledge of the linear regression model and its extensions, as well as of its shortcomings, is essential for doing empirical work in economics, business, and other social sciences. The purpose of this course is to give students a working knowledge of the
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Syll321F08 - APPLIED ECONOMETRICS Economics 321 Fall 2008...

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