What is econometrics?
Econometrics refers to the application of
economic theory, mathematics, and statistical techniques to economic data; for the purpose of
testing hypotheses, and estimating and forecasting economic phenomena.
What is the scope of the course (Econometrics II)?
this course is intended to deepen the learning of students about econometrics.
In particular, we will learn how to treat some special (but usually
encountered) data such as time-series, panel, and qualitative ones. Continue
your reading here.
course is highly recommended for students in economics. This is because the data
with which we learn to work in Econometrics II are very encountered in
economic studies. For example, many research projects in financial studies
include time-series data, and numerous research topics in international trade,
and microeconomic or macroeconomic fields work with panel data. So, learning
how to treat such data and how to develop appropriate models for is very
essential. Indeed, a deep understanding in this area is vital for our success
in applied economics.