Marietta College

Fall 20045

 

Economics 420, Applied Regression Analysis

 

 

Instructor: Dr. Jacqueline Khorassani

Office Hours: 14:00-15:00 MW and 9:30-10:30 TTH and by appointment

Office: Thomas 104

Voice: 376-4621 (Office), Fax: 376-7501

E-mail: khorassj@marietta.edu

Web: http://www.marietta.edu/~khorassj

 

What is Regression Analysis?

In simple terms, regression analysis deals with the application of statistical methods to economics and other social and/or behavioral sciences. More broadly, it is concerned with

           

            (1)        estimating relationships between two or more variables.  Some of these variables are traditionally known as economic variables such as price, interest rates, income, consumption, cost of production, advertising expenditures, profits, and sales while others may be non-economic variables such as gender, race, age, weight, faith, number of children, years of experience, geographic location, climate, population, corporate structure, political party affiliation, and campaign expenditures.  

 

            (2)        confronting theories with facts and testing hypotheses involving behavior of economic/non-economic variables.

 

            (3)        forecasting the behavior of variables.

 

This course is open to all students who meet the prerequisite regardless of their major. 

 

Upon the completion of this course you will be able to produce an empirical research paper, where you will use

the real world data to test your discipline-related theories empirically and predict the behavior of the variable of

your interest. (In fact, this is exactly what students majoring in economics will be doing in Econ 421.)

 

Texts

Dennis Halcoussis, Understanding Econometrics, Thomson Sout-WesternAddison Wesley Longman, 2005.

For statistical estimation, we will use EViews, Student Version 3.1 (or higher) Quantitative Micro Software,

Irvine, California.

 

Prerequisites

Math 123 or Psychology 285, and permission of instructor.

 

Means of Communication

Our main means of communication is the classroom. You are expected to attend classes on a regular basis and take notes on the upcoming assignments and their due dates. In addition, I may also communicate new information to you via my web page/email/voice mail/and campus mail when necessary. Similarly, please feel free to visit me in my office, call my office or my home, fax me, or e-mail me to discuss your concerns and questions. I have also made it possible for you to send me your comments anonymously via my web page.

 

Continuous Improvement

I am a firm believer in the system of checks and balances. I will try to give you feedback on how you are doing in class as frequently as possible. If your performance in class does not meet your expectation, please feel free to ask me for help.  Together, we should be able to find a way to increase your productivity.  Similarly, I am asking you to give me feedback on how I am doing as your instructor. To make it easier for you to share your concerns with me, I have made it possible for you to send your comments to me anonymously via my web page.  I will read your comments and respond to them on my web page.

 

Attendance Policy

Attendance in this class is mandatory.  If you miss a class in which an in-class assignment was given, you will not be given a chance to turn in that assignment later. This holds unless you have an excused absence.

Classes missed due to participation in college-sponsored co-curricular events are considered excused absences.  In order for the absence to be excused, I must receive a written notification before or immediately after you miss the class.  Regardless of the nature of your excuse, it is your responsibility to contact me immediately after you miss a class to find out about the new out-of-class assignment and everything else you have missed.

 

Grading

The following table shows the break-down of your final grade:

 

2 Exams (30% each)

60%

Other Assignments

40%

Total

100%

 

You will be evaluated as follows:

           

Total (Percent)

Grade

Total (Percent)

Grade

97 and above

A+

77-79

C+

93-96

A

73-76

C

90-92

A-

70-72

C-

87-89

B+

67-69

D+

83-86

B

63-66

D

80-82

B-

60-62

D-

 

 

59 and below

F

You are responsible to keep track of the points you have earned throughout this semester.

 

Exams

You will be given three exams according to the following schedule:

                       

Exam 1

Thursday, September 29

Exam 2

Thursday, November 10

Exam 3

Friday, December 9, 8:30-11:00

 

Only your top two exams count toward your course grade.  All exams are comprehensive in the sense that they

cover all material from day one through the most recent class.

 

Make-up Policy

If you miss an exam and have an excused absence, I will meet with you to discuss your options. If you miss an exam because of an unexcused absence, you will receive a grade of zero on that exam.

 

Assignments

Due to the fact that this course is heavily application oriented, I will give assignments frequently.  Some of these assignments have to be completed in class (ICAs) while others may be due the next class day (OCAs). The ICAs carry 5 points while the OCAs carry 20 points.  If you miss a class in which an in-class assignment was assigned, you will lose the opportunity to turn in that assignment later unless you have an excused absence.  Also, a penalty of five points will be imposed on those students who, for any reason, turn in their out-of-class assignments the day after the due date. No out of class assignments will be accepted beyond the day after the due date.  When calculating your final grade, I will drop your lowest grades on the ICA and OCAs.  Several exam questions will come directly from the assignments.   

 

Academic Dishonesty

"Dishonesty within the academic community is a very serious matter, because dishonesty destroys the basic trust necessary for a healthy education environment. Academic dishonesty is any treatment or representation of work as if one were fully responsible for it, when it is in fact the work of another person. Academic dishonesty includes cheating, plagiarism, theft, or improper manipulation of laboratory or research data or theft of services. A substantiated case of academic dishonesty may result in disciplinary action, including a failing grade on the project, a failing grade in the course, or expulsion from the College" (Marietta College Undergraduate Programs, 2005-2006 Catalog, p. 135).

 

Academic Warning, Probation, Dismissal

In order to familiarize yourself with the college policy please study the relevant pages of Marietta College 2005-2006 Undergraduate Catalog available at http://mcnet.marietta.edu/~records/Catalogs/UG%20Catalogs/index.html

 

Have A Disability?

If you need accommodations due to documented disability, contact the Academic Resource Center (Andrews Hall, Third Floor, 376-4700) at the beginning of the semester for further instruction.

 

Tentative Course Outline

Our plan is to cover the entire book in order. A weekly detailed outline will be posted on the web.