Emphasis is on empirical applications and student projects.
Topics covered include the relationships between budget deficits and interest rates, money and prices, and tax policy and personal savings. Covers basic matrix algebra, real analysis, functions, continuity concepts, differentiation, Taylor expansions, implicit function theorem, and optimization. The use of statistical techniques for the testing of economic hypotheses and the estimation of parameters, with emphasis on regression analysis. Includes methods of dealing with serial correlation, errors in variables, multicollinearity, and heteroscedasticity. Experience with common statistical packages.