Introduction To Econometrics A Beginners Guide

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Tags: Econometrics

Learn the basic fundamentals of econometrics in 30 minutes or even less

Last updated 2022-01-10 | 0

- Students will learn what econometrics is
- Students will learn the methodology behind econometrics
- Students will learn why econometrics is important

What you'll learn

Students will learn what econometrics is
Students will learn the methodology behind econometrics
Students will learn why econometrics is important
Students will learn how to apply econometrics in real life
Students will learn when to use econometrics to solve problems
Students will know how linear regression plays an important role in econometrics

* Requirements

* Be able to read and write and understand new things

Description

Introduction to econometrics. Econometrics is a subject that defines every economist. It is one of those key subjects which should be used to help make evidence based decisions based on data. One makes econometrics so wonderful is the ability to forecasts or predict the future. Imagine using statistics to know how the future may be. This methodology has helped governments around the world safeguard their economies. This course is giving students a beginners guide on what econometrics is and how it has been done to shape the world.

There is tonnes of information on the internet on econometrics but what this course does is simplify this information so that any body can learn it within 30 minutes.

Who this course is for:

  • Students who have heard about Econometrics
  • Students who would like to learn about Econometrics
  • Students who are studying demography, economics, chemistry, physics and mathematics (added advantage)

Course content

3 sections • 6 lectures

Introduction to the Fundamentals of Econometrics 2 lectures

Introduction: What is Econometrics? Preview 11:17

What is econometrics ? Let me be honest, as a profession whos dedicated my entire life to economics and monitoring and evaluation i have to say, that the thing that defines an economist is his ability to practice econometrics. I am so excited to be sharing this lecture with you. I want you to derive the maximum benefit just i did when i started this 10 years ago.

Why a different discipline Preview 05:37

Econometrics deserves it own place and the reason is simple because of the power it has to predict the future.

Methodology of Econometrics 3 lectures

Methodology of Econometrics Part 1 Preview 13:04

The methodology of econometrics is pretty straight forward and yet can be quit complicated. The step by step process is given below;

1. Statement of theory or hypothesis.

2. Specification of the mathematical model of the theory

3. Specification of the statistical, or econometric, model

4. Obtaining the data

5. Estimation of the parameters of the econometric model

6. Hypothesis testing

7. Forecasting or prediction

8. Using the model for control or policy purposes

Methodology of Econometrics Part 2 Preview 05:46

Methodology of Econometrics Part 3 Preview 06:51

EXTRA 1 lectures

Linear Regression explained Preview 10:25

Linear regression is unique and very important in econometrics