ECO 340 - Econometrics (3)

Prerequisite: BUS 215 or SSI 217 or MTH 356 , with a C- or higher, or permission.

In most economics courses, common economic results are presented as theory. Econometrics allows students to test those theories by using regression analysis on economic data. In this course, students will learn basic econometric techniques and methods, apply those techniques and methods to economic data, and interpret the numerical results. Students successfully completing this course will be able to 1) understand simple and multiple linear regressions; 2) test economic theory through the use of econometric methods; 3) analyze economic data and forecast change; and 4) effectively communicate econometric results utilizing appropriate presentation methodology.