Chapter 1 - Introduction to Econometrics

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Lecture Slides:      Powerpoint     PDF

Learning Objectives

  • Define and describe the basics of econometrics
  • Describe how to do an econometric study


  1. Do Good Teachers Produce Better Student Outcomes?
  2. Does the Law of Demand Hold for Electricity?
  3. Is it Possible to Forecast Stock Returns?

What We Learned

  • Econometrics is about making sense of economic data.
  • Three steps to conducting econometric analysis. (1) State the purpose of the analysis, (2) Formulate the research design and specify the econometric model, (3) Apply statistical theory.