What is econometrics?
Econometrics refers to the application of
economic theory, mathematics, and statistical techniques to economic data; for the purpose of
testing hypotheses as well as estimating and forecasting economic phenomena.
What is the scope of the course (Econometrics I)?
course aims to make students know how to use economic theory to form estimable
models; and then how to estimate the related parameters. We also discuss
conditions as well as methods that allow us to obtain confident estimates. All
these issues would then help us to test different hypotheses and infer in the
Following each theoretical section, some empirical investigations will be done
in the class so that the students learn how to apply the taught issues to real
cases, and how they work. In this direction, we run many empirical projects
using the software STATA. (Consequently, the course also covers necessary guide
lines to work with STATA.) In addition, the students follow a Teaching
Assistant course to complete their learning by doing related exercises.
It's very important to learn
Econometrics in order to make use of economic theories in the real world and proceed
to do empirical investigations or research projects in different economic
areas. The students are highly recommended to continue Econometrics I by
Econometrics II, where they will learn the application of
econometric models to special data (times-series data, panel data, ...) in a
more sophisticated way.
Javad ABEDINI, PhD
Files (student downloads)