List of Syllabi, Economics, Dr. Usip


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Econ 3788  Economics & Business Statistics I 
The course will introduce students to basic statistical concepts and techniques for analyzing business and economic data. Emphasis will be placed on applied statistics as it relates to the collection, organization, analysis, and interpretation of data. Because the real world in which decisions are made is replete with uncertainty, student will learn how to use probability theory and distributions to assess uncertainty in the decision-making process. Not only will students master basic statistical techniques and related concepts, they will also learn data analytics through problems-solving using hand-calculation and Microsoft Excel. At the end of the course students should have a good understanding of the potential as well as the limitations of statistics in the decision-making process.
Econ 3789  Economics & Business Statistics II 
T
he course builds upon the knowledge already acquired in Econ 3788 by covering more statistical concepts and techniques for analyzing business and economic data. Topics includes regression analysis (Simple and multiple) and other modern methods of data analytics which are crucial in the decision-making process. Students will learn how to solve problems through manual computation in addition to using Microsoft Excel.   

Econ 3790 Lab  Economics & Business Statistics Workshop
The course is a continuation of econ 3790 with the emphasis on computer application using Excel 2007 to analyze business and economic data. The goal is to help students explore and analyze data in an orderly fashion in a computer lab environment. The manual that is used in the course provides students with the opportunity to solve statistical problems and analyze cases with the real world data.


Econ 5824  Applied Time Series Analysis and Forecasting
The course provides an in-depth analysis of economic and business time series data. Several time series models and their applications to problems are examined. Throughout, emphasis is on forecasting using standard computer programs.


Econ 5853  Applied Econometrics
The course is an introduction to the practice of  econometrics. Students will learn how to use econometric techniques to quantify causal economic relationships with applications in the private and public sectors. Emphasis is placed on model construction, estimation using standard econometrics software, and on the interpretation of the estimated results.  Although the course integrates the use of personal computer and econonometric software within the discussion of the subject material, no programming ability is required. 


Econ 6900 Statistical Problems
A survey of the fundamental statistical concepts and techniques used in business and economics with special emphasis on the interpretation and uses of statistical analysis in business and economic decision-making.


Econ 6904  Quantitative Methods in Economics
The course is designed to equip graduate students with the  necessary quantitative skills that are required for a successful completion of the graduate-level economic theory sequence and econometrics. The course also prepares the students for advanced degree (Ph.D) program in economics.


Econ 6976  Econometrics
The course is designed to acquaint graduate students with the cutting-edge econometric techniques that are useful for estimating causal economic relationships. The objectives include (1) analysis of the effects of exogenous factors on the variable whose behavior we seek to explain, (2) testing of hypotheses about new and existing economic theories, and (3) forecasting estimated economic relationships beyond the sample period for the purpose of planning and control. The course will focus on the practice of econometrics with extensive applications to a variety of real-world problems in many areas of economics.


Econ 2610  Principles of Microeconomics
The course is designed to give students an understanding of how markets work and how they allocate resources to meet producers' and consumers' needs. As part of this goal we will discuss how prices serve as signals to firms as to which products they should produce, and how profits provide firms with incentives to change the amount produced. Also, we will discuss how non-competitive market structures can cause too much or too little of a good or a service to be produced -- resulting in misallocation of productive resources in the economy.

Econ 2630  Principles of Macroeconomics
The course is designed to meet two broad objectives. First, students will learn the intricate inter-relatedness and the performance of the economy as a whole at the national level by becoming familiar with the key concepts of GDP, unemployment/employment and inflation; and also why inflation and unemployment are considered the twin evils of any economy. Second, they will learn the causes/sources of short-run business fluctuations and how policy makers use the instruments of fiscal and monetary policies to keep the economy moving along a stable long-run growth path. 

Stat 2601  Introductory Statistics 
The course is designed for students from different disciplines who desire an introduction to statistical reasoning and applications. Students will be introduced to basic statistical concepts and techniques for analyzing data in a variety of applications. Emphasis will be placed on applied statistics as it relates to the collection, organization, analysis, and interpretation of data. Because the real world in which decisions are made is replete with uncertainty, students will learn how to use probability theory and distributions to assess uncertainty in the decision-making process. Not only will students master basic statistical techniques and related concepts, they will also learn data analytics through problems-solving using hand-calculation and Microsoft Excel. At the end of the course students should have a good understanding of the potential as well as the limitations of statistics in the decision-making process.

Prereq.: Math 1507 or Level 40 on the Math Placement Test. 3.s.h.


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