Undergraduate econometrics syllabus
This video provides an overview of the subject of econometrics at undergraduate level, and surveys the topics which this online course will cover.
Also, see a part of the transcript below.
In this video I want to provide a description of the syllabus which we are going to cover in the undergraduate course. So at the back of our minds within the undergraduate course, and actually at the graduate level as well. The idea is that there is some population and within the population there might be countries, there might be individuals, there might be firms. And the idea is that we don't actually have the whole population data set you only have a sample from that population. So perhaps we have the just the figures which I'm highlighting here in purple, and these individuals form a sample data set. And the idea with econometrics is that we want to use some sort of tool, some sort of statistical or mathematical tool on that sample, to enable us to make some inference about what's going on in the population or to make some estimation of some sort of population parameter. So what exactly do I mean by estimating the population parameter? So there might be a relationship between the level of wage an individual obtains and their level of education, which is given by the relationship here which I've drawn mathematically. And the idea here is that the coefficient beta might represent the effect of one-year extra of education on an individual's average level of wages. And that would be defi