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Lecture 1 Prof Arkonac's slides (Ch 1) for Eco 4000

Lecture 1 Prof Arkonac's slides (Ch 1) for Eco 4000 - ECO...

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ECO 4000, Statistical Analysis for Economics and Finance Fall 2010 Lecture 1 Prof: Seyhan Arkonac, PhD
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What is Econometrics? Why do I need to take this course? Is this a hard course? Why am I here? Will I learn any thing useful here? Will I have to study a lot? How hard/easy is this professor? How hard/easy is it to get an A in this course?
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Why am I here? To learn To understand To be able to explain to others To quantify those explanations so that they are more reliable To increase my intellectual capacity To improve my future potential income
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Will I learn anything useful here? Methods that you will learn in this course are applicable to any field you are interested (not only to Economics)
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Brief Overview of the Course Economics suggests important relationships, often with policy implications, but virtually never suggests quantitative magnitudes of causal effects. What is the quantitative effect of reducing class size on student achievement?
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