TOKT1127 — ECONOMETRICS 1

Econometrics is the application of statistical techniques to economic models in an effort to achieve numerical results and to verify economic theorems. The purpose of this course is to introduce students to the theory and application of econometric methods. It covers the basic tools of estimation and inference in the context of the single-equation linear regression model, deals primarily with least squares methods of estimation. The course emphasizes the intuitive understanding and practical application of these basic tools of regression analysis, as distinct from their formal theoretical development. Course material is presented predominantly in scalar terms. The practical part introduces the R language as the main tool.

Requirements for Final Examination

Attendance score must be at least 5 (according to University regulations).

See Appendix 2, Rubric 1 for attendance evaluation.

Requirements for Class Attendance

Participate at least 80% of total class

In cases of absence due to force majeure, students are expected to actively acquire the required knowledge through materials provided by the instructor and other assigned readings.

Requirements for In-class Behaviour

Respect between students and instructors.

Contribute to lesson, take notes and answer questions

Read assigned materials in advance, do Homework

Do not disturb the others in class

Do not eat, use cell phone in class

Laptop, ipad are allowed if needed in practicing, calculating only.