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Feb 04, 2025
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ECON 4850 - Economic Methodology This course utilizes statistical testing of economic hypotheses using linear regression techniques. The economic models tested are those commonly employed in the microeconomic and macroeconomic literature.
Requisites: ECON 3040 and (3030 or 3050) and (3810 or QBA 2720) Credit Hours: 3 OHIO BRICKS Capstone: Capstone or Culminating Experience General Education Code (students who entered prior to Fall 2021-22): 3 Repeat/Retake Information: May be retaken two times excluding withdrawals, but only last course taken counts. Lecture/Lab Hours: 3.0 lecture Grades: Eligible Grades: A-F,WP,WF,WN,FN,AU,I Learning Outcomes: - Students will be able to locate and collect economic data from various databases.
- Students will be able to analyze data using statistical software packages such as R and SAS.
- Students will be able to produce descriptive statistics and develop statistical inference of the data.
- Students will be able to discuss the Ordinary Least Squares (OLS) method, identification, and residual assumptions.
- Students will be able to estimate a linear regression model and test various hypotheses using economic data.
- Students will be able to interpret regression results from OLS and make inferences about population parameters.
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