Positive Economics

Description

In "Empirical Economics," we study the method of statistically verifying whether scientifically constructed economic theoretical models can effectively describe the movements of real economies using data from statistical surveys. In this course, we review the basic knowledge of inferential statistics essential to empirical economics, explain the fundamental analysis methods in empirical economics in an easy-to-understand manner, and allow students to experience what empirical economic analysis methods are like. In class, we will explain regression analysis based on the most basic method, least squares method, in an easy-to-understand way. We will also introduce methods for dealing with autocorrelation and heteroscedasticity. Furthermore, as a basic introduction to time series analysis, we plan to introduce, for example, distributed lag models. In this course, we also plan to conduct exercises using Excel. This course requires preparation such as reading assigned literature in advance. It is assumed that each preparation will take 100 minutes. Additionally, it is necessary to review the course content with reference to the assigned literature. Reviewing is expected to take 90 minutes. This course is primarily scheduled to be conducted face-to-face. You will be able to understand the importance of empirical analysis of the current economic society and acquire essential basic analytical methods.