ECON 341. Econometrics. 1 Credit.
The application of statistical methods to quantify and test economic theories, analyze government policies, and forecast economic variables.
The study of economics, as with the other social sciences, attempts to explain various types of human behavior and the impact that society’s institutions have in determining that behavior. Of particular interest are the forces that determine an economy’s production, employment, distribution of income, poverty, and international economic relationships.