## Introduction to Econometrics

**Introduction to Econometrics
**Course number:

UIC – ECON 346/300

“All models are wrong, but some models are useful”- Statistician George E. P. Box

**COURSE OVERVIEW**

This course will develop the linear regression model and show how it can be used to analyze economic problems. We will consider the steps needed to perform econometric research, the assumptions required on our part in order to do so, and the consequences of violating these assumptions.

Upon completion of this course you will be able to:

- Develop a model for empirical testing
- Distinguish between various types of data
- Test a model for Multicollinearity, Serial Correlation, and/or Heteroskedasticity
- Read computer output and interpret the results
- Use software to estimate a simple multiple regression model

**REQUIRED TEXTS**

Using Econometrics: A Practical Guide

A.H. Studenmund 6th Edition

ISBN: 0-13-136773-0

Fooled By Randomness

Nassim Nicholas Taleb

ISBN: 978-0-8129-7521-5

**RECOMMENDED TEXTS**

Numbers Rule Your World

Kaiser Fung

ISBN: 978-0-07-162653-8

The Drunkard’s Walk

Leonard Mlodinow

ISBN: 978-0-375-42404-5

Freakonomics

Steven D. Levitt and Stephen J. Dubner

ISBN: 978-0-06-123400-2

The Signal and the Noise

Nate Silver

ISBN: 978-1-59420-411-1