Econometrics is the application of statistical methods to economic data, serving as a vital branch of economics that seeks to provide empirical insights into economic relationships. It functions as a powerful tool for empirical research, enabling economists to test hypotheses, forecast outcomes, and offer policy recommendations based on rigorous analysis of economic data. I am fortunate to learn econometrics from Professor Mariya Naumova at Rutgers Business School. She is an exceptional teacher who delves into econometric topics with depth and practicality, making complex concepts accessible and relevant.
This topic also contains a practical component, where we will use Excel and R to implement econometric models and analyze real-world data.
Pre-requisite: Probability and Statistics, Calculus
Additionally, further topics will be explored in Time Series Analysis.