About Course
Econometrics is the quantitative application of statistics, economic theories, and mathematical models using data to develop theories or test existing hypotheses in economics and to forecast future trends from historical data. The objective of econometrics is to quantify such relationships using available data and statistical techniques to interpret and use the resulting outcomes. Econometrics is the application of statistical and mathematical methods to the analysis of economic data, providing empirical content to financial theories and then verifying or refuting them. Bridging the gap between theory and policy analysis requires acquiring the practice of applying economic concepts, theories, and methods to policy analysis. This course is designed to meet this challenge by providing insights into how the three elements of econometrics, namely economic theory, data, and statistical procedures, can be combined to provide useful information to policy analysts and decision-makers. In this course, practical exercises using econometrics and statistical software such as SPSS, STATA, and others like EXCEL will be conducted to equip students with knowledge and skills for using software for data analysis.
