The Economy as a scientific study causal relationships between economic variables (ie almost all the variables that you can imagine). The Econometrics attempts to detect whether these causal relationships exist or not and when esixten attempts to quantify them. Assuming no instantaneous causality or contemporary and therefore all causation takes time, is immediately the key role it will play the series econometric analysis in the study of such causal relationships. This is the reason for the existence of the subject of
Econometrics II (Time Series Econometrics).
The course is designed to answer questions like: How
influence interest rates on economic growth? Is the stage known as the Great Moderation is the result of monetary policy becoming more intelligent, a policy of stock management more efficient or just plain luck? Do tax cuts increase economic growth? Does it increase the economic growth economic inequality? How expectations affect prices? How does industrial production in the possible global warming? If economists predict so badly, why ?..... serving predict and many more .....
COURSE I hope you enjoy.
