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Unformatted text preview: Econometric Methods I: Lecture I Charles B. Moss August 22, 2010 Charles B. Moss () Econometric Methods I: Lecture I August 22, 2010 1 / 21 Outline 1 Course Overview Course Objectives Instructor Information Textbooks Grading Course Outline 2 Introduction to Statistics, Probability, and Econometrics What are we going to be doing for 15 weeks? Use of Math Stat in Food and Resource Economics Example of the Dichotomy What is Probability? What is a Statistic? 3 Random Variables Random Variables  Overview Another Definiton of Statistics Charles B. Moss () Econometric Methods I: Lecture I August 22, 2010 2 / 21 Course Overview Course Objectives Course Objectives This course develops statistical foundations that will be used in microeconomic theory, econometrics, production economics, and financial economics. The development focuses primarily on the mathematical formulation of statistics Charles B. Moss () Econometric Methods I: Lecture I August 22, 2010 3 / 21 Course Overview Instructor Information Instructor Information Charles B. Moss 1155 McCarty Hall 3921845 Ext. 404 cbmoss@u.edu Charles B. Moss () Econometric Methods I: Lecture I August 22, 2010 4 / 21 Course Overview Textbooks Textbooks Amemiya, Takeshi Introduction to Statistics and Econometrics Cambridge, Massachusetts: Harvard University Press, 1994. Casella, George and Roger L. Berger. Statistical Inference Pacific Grove, California: Duxbury, 2002. Harville, David A. Matrix Algebra from a Statisticians Perspective New York: Springer, 2000. Other material including lecture notes are online at http://ricardo.ifas.u.edu/aeb6571.econometrics/syllabus.html. Charles B. Moss () Econometric Methods I: Lecture I August 22, 2010 5 / 21 Course Overview Grading Grades Table 1. Grade Assigned to Activities Activity Percent of Final Grade Homework 15 % Two Midterm Examinations 50 % Final Examination 30 % Class Participation 5 % Charles B. Moss () Econometric Methods I: Lecture I August 22, 2010 6 / 21 Course Overview Grading Grade Scale Table 2. Scale Used to Assign a Final Grade Letter Grade Range Numeric GPA A 10096 4.00 A 9692 3.67 B+ 9288 3.33 B 8884...
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 Spring '10
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