ECO 311: Examining Economic Data and Models
Instructor: Dr. D. Fletcher
Office: 3015 Farmer School of Business
Mondays, 2:15 - 3:15 p.m.
Tuesdays, 9:30 - 11:30 a.m. and 1 – 3 p.m.
and by appointment
Course Objectives: Welcome to ECO 311! The purpose of this course is to give students exposure to and experience with economic data and methods of empirical analysis. Students will be required to read and analyze several empirical journal articles; gather and analyze data in assignments; and develop and test their own economic models in a final small-group project.
Required readings and other materials: Introductory Econometrics, by Jeffrey M. Wooldridge (4th edition). Please note: I do not recommend that students purchase international editions or earlier editions of the textbook. Some of the material differs in these editions, including some of the end-of-chapter problems. If you have purchased an international edition or an edition earlier than the 4th, you will need to check with your classmates that you are doing the correct questions for your homework assignments. We will also analyze several scholarly articles in class. These articles can be accessed through Niihka.
Students will perform their own empirical analyses for the assignments and research project. We will use a dedicated statistical program called Stata, which is used by many professional economists. The School of Business has 50 site licenses for Stata, so you will have access to it in the classroom and computer labs, as well as remotely. We will devote some class time to learning Stata basics.
Grading: Grades in this course will be based on a 600-point scale. The points assigned to the various components are shown here. Each component will be described in more detail below.
|Midterm 1 |100 points | |Midterm 2 |100 points | |Participation |75 points | |Assignments |75 points | |Short paper |25 points | |Proposal paper and presentation |40 points | |Summary statistics |10 points | |Final paper and presentation |50 points | |Final exam |125 points | |Total |600 points |
Letter grades are assigned on a point total basis, not by average, so there will be NO ROUNDING. Letter grades will be assigned as follows:
|A+ |at least |585 |points |
|A |at least |555 |points |
|A- |at least |540 |points |
|B+ |at least |525 |points |
|B |at least |495 |points |
|B- |at least |480 |points |
|C+ |at least |465 |points |
|C |at least |435 |points |
|C- |at least |420 |points |
|D+ |at least |405 |points |
|D |at least |375 |points |
|D- |at least |360 |points |
|F |fewer than |360 |points |
This course will focus on basic econometric theory and practice. We will analyze several scholarly articles, and also learn some Stata skills this semester. You will complete six assignments that will require you to apply real-world data to the concepts we are learning, as well as a short paper that will be similar to an extended homework problem, but geared toward clearly explaining the model and results. Assignments are due at the beginning of...
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