《计量经济学导论》电子教案-ch01.pptVIP

Economics 20 - Prof. Anderson Welcome to Economics 20 What is Econometrics? Why study Econometrics? Rare in economics (and many other areas without labs!) to have experimental data Need to use nonexperimental, or observational, data to make inferences Important to be able to apply economic theory to real world data Why study Econometrics? An empirical analysis uses data to test a theory or to estimate a relationship A formal economic model can be tested Theory may be ambiguous as to the effect of some policy change – can use econometrics to evaluate the program Types of Data – Cross