ECON 374 The Practice of Econometrics (Not offered 1999-2000)
This course will provide students with the opportunity to apply the empirical tools developed in Economics 253/255. The essential objective is to let students use econometrics and, in so doing, to develop the skills of a proficient applied economist. To that end, we will look at the derivation of various theoretical models (e.g. the Capital Asset Pricing Model, cost and learning curves, Oaxaca decompositions for wage discrimination, etc.) and then estimate the implied relationships using a statistical program. The first class of each week will typically be devoted to the relevant theory and the second class will be spent in the lab doing applied work. Requirements: two empirical research papers. Prerequisites: Economics 251 or 252 and 253 or 255. Enrollment limited to 25.