This unit will provide students with a simple and straightforward introduction to econometrics. Econometrics is an application of statistical procedures to the testing of hypotheses about economic relationships and to the estimation of parameters. Regression analysis is the primary procedure commonly used by researchers and managers whether they are employed within the goods or the resources market and/or within agriculture, the manufacturing, the services, or the information sectors of an economy. The aim of this course is to provide you with the skills helpful in filling the gap between being “a student of economics” and being “a practising economist.” By taking this econometrics-I, you will gain an overview of what econometrics is about, and develop some “intuition” about how things work. The emphasis of this course will be on understanding the tools of econometrics and applying them in practice. 

Course Material