ECON 223 Econometrics
The method by which real world data is used to test economic theory and/or to make predictions about future economic events. Presents regression analysis as a tool with which the statistical relationship between economic variables may be rejected or validated. Equal time is devoted to understanding econometric theory and to the direct application of that theory to analysis. The course culminates with students preparing an analytical research paper on a specific question of personal interest. Prerequisites: ECON 101 or 102; MATH 108, MATH 121 or a MATH course at the 200 level.