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)?

This 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 economic area.

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.

What is its importance?!

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.







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Sharif University of Technology

Graduate School of Management and Economics

Course: Econometrics I