This course provides an introduction to the practice of econometrics. It provides coverage of the most important techniques of econometric estimation and hypothesis testing, addressing the use of both cross-section and time series data. Econometrics is the combination of economics and statistics. It is a vital skill in any field where it is difficult to run controlled experiments. Economic theory can often provide highly useful qualitative conclusions, but for quantitative results econometric modeling is necessary. Modern computer packages make the mechanics of econometrics (the application of various econometric techniques to actual data) quite easy. This course focuses on helping students develop an understanding of what they are doing, so that they can use such packages intelligently. We will study regression analysis and discuss the econometric issues arising from the nature of typical economic data. Students will also be exposed to applied econometric issues through computer based homework assignments.

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