Quantifying economic relationships through practical exercises
This course covers how to quantify economic relationships using the econometric method, the associated problems and primarily uses the classic linear regression model. There is a great deal of emphasis on practical exercises performed using statistical software. It examines
different methods for the statistical analysis of economic data, and explains different types of economic data, such as cross section, time series and panel data. You will learn how to select suitable regression models for analysing various economic problems, how to implement hypothesis tests, and to understand estimation results and confidence intervals.
The course is taught through lectures and compulsory computer labs, and is assessed through a written examination, the oral and written presentation of group work, and through computer exercises.