ECON 6330 Econometrics

 
Students in MBA programs are routinely surveyed about the coursework they are taking. Here are the results for the campus weekend program after completion of three 3-credit courses and one half-credit course. The questions asked of the students were:

Please describe below the single most important learning you took from each of the following classes you have completed (please be specific-e.g., "I learned that _____"):

In terms of the two criteria of relevance and rigor, please rate each of the six fall semester courses. Using the following scales, assign a number between one and five for each course on both dimensions:

  • Relevance
    • 5 = Highly relevant to both the goals of the MBA program and my career goals
    • 1 = Not relevant to either the goals of the MBA program or my career goals
  • Rigor
    • 5 = Very challenging
    • 1 = Very easy

Students' Responses

  • Being able to build a linear regression model that can be used as a tool in business. (5,5)
  • Proper analysis of data. (3,3)
  • I learned that you can isolate impacts and test your assumptions. The project was enlightening. I only wish we had reported on our projects. I want to know how everyone elses' turned out. (__,4)
  • I learned how econometrics can be used to explain anything in the world that you want to and various techniques to analyze the data. (4,3)
  • I learned that econometrics can be applied to a lot more than the supply and demand stuff I learned in economics. (3,4)
  • I already had a lot of experience with linear equation. However, I learned important application and polished my logic and reasoning skills. (5,4)
  • I learned to be more critical of studies, and to analyze how the conclusions of the study were reached. (4,5)
  • Midterm + final exam =pulling the information together was a significant learning experience. (5,5)
  • I learned how to use econometric regression analysis to research various questions relating to a business. This research is useful in making decisions to improve performance and also to predict future events. (3,5)
  • I learned how to make an econometric model and how to do a regression analysis on the model (very fascinating!). (5,4)
  • Learned how to set up regression model and understand what the regression means. (4,5)
  • I learned that there are techniques to solve (or attempt to understand) economic phenomena. (5,5)
  • I learned that good econometricians will try and find all variables that may affect an equation and even if the variables do not give the correct answer to the hypotheses, they will be reported. (Unlike crazy studies published in the mainstream media.) (3,5)
  • I learned that you can explain the dependent variable by multiple independent variables, graphically, in order to find statistically and economically significant correlations. (5,5)
  • Tools to process and explain data. Suitability and limitations of various techniques. (4,4)
  • I learned how to measure just about everything on the planet. I learned how to see the impact of a single factor on a specific designated outcome. (5,5)