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Enjoyable Econometrics

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Course Summary

Learn how to apply economic principles to real-world scenarios using fun and engaging examples in this enjoyable econometrics course.

Key Learning Points

Use econometric tools to analyze and interpret data in various fields.
Learn how to apply economic theory to real-world scenarios.
Develop valuable skills in data analysis and statistical modeling.

Learning Outcomes

Ability to apply econometric tools to real-world scenarios
Improved skills in data analysis and statistical modeling
Understanding of economic theory and its application

Prerequisites or good to have knowledge before taking this course

Basic knowledge of statistics and calculus
Familiarity with Excel or other spreadsheet software

Course Difficulty Level

Intermediate

Course Format

Online
Self-paced
Video Lectures

Similar Courses

Applied Econometrics
Econometrics: Methods and Applications
Econometrics: Regression Analysis

Related Education Paths

Notable People in This Field

Gary Becker
James Heckman
Edward Leamer

Related Books

Description

The goal of this MOOC is to show that econometric methods are often needed to answer questions. A question comes first, then data are to be collected, and then finally the model or method comes in. Depending on the data, however, it can happen that methods need to be adapted. For example, where we first look at two variables, later we may need to look at three or more. Or, when data are missing, what then do we do? And, if the data are counts, like the number of newspaper articles citing someone, then matters may change too. But these modifications always come last, and are considered only when relevant.

An important motivation for me to make this MOOC is to emphasize that econometric models and methods can also be applied to more unconventional settings, which are typically settings where the practitioner has to collect his or her own data first. Such collection can be done by carefully combining existing databases, but also by holding surveys or running experiments. A byproduct of having to collect your own data is that this helps to choose amongst the potential methods and techniques that are around. If you are searching for a MOOC on econometrics that treats (mathematical and statistical) methods of econometrics and their applications, you may be interested in the Coursera course “Econometrics: Methods and Applications” that is also from Erasmus University Rotterdam.

Knowledge

Explain the three basic methods of Econometrics.
Apply different econometrics models to examples of daily life.
Interpret and carry out several basic analysis strategies (correlation, regression and distribution.
Ask relevant questions that can be analysed with basic tools.

Outline

Introduction
Introduction to Enjoyable Econometrics

Basic statistics
Is 4 a lot? And the importance of an average, a standard deviation and the empirical distribution
Age, football and gender gap
Do home teams get more penalty kicks than away teams?
Does the relative age effect in football exist?
For which countries is the gender gap the smallest and the largest?
The wine example: properties across variables

Simple regression
Prices and quantities of Spanish postage stamps
Do soccer teams score lesser goals in an away match without their supporters?
Has the performance of the Dutch Formula 1 driver Max Verstappen improved over the recent years?
Test your knowledge

Multiple regression
Are the Olympic Games running out of budget less then before?
What was the inflation in Suriname in the nineteenth century?
Are train crossings getting safer?

Variants of multiple regression
Can we retrieve inflation rates when data are missing?
Can we predict the Color of the Year?
Money and World Cup football: where will it end?

New cases with new techniques
How volatile was inflation in the early modern period?
Did we hear more from a Central Bank president during the 2008 crisis?
Are there kids’ rights’ clubs of countries with similar performance?

Summary of User Reviews

Read reviews for the Enjoyable Econometrics course on Coursera. Users have praised the engaging and easy-to-follow lectures, while some have mentioned issues with the course material and assignments.