Introduces elementary econometric techniques beginning with single- and multi-variable ordinary least squares regression models. Also discussed are generalized least squares methods, the problems of heteroskedasticity and autocorrelation, and the concept of multicollinearity.

CILO-1: Apply statistical tools to test economic models and analyze the relationship between economic variables. CILO-2: Evaluate policy changes quantitatively using appropriate econometric techniques. CILO-3: Perceive technical details and prove simple results related to econometric theory. CILO-4: Apply econometric tools to perform simple but sensible data analysis on their own and apply them to real-life economic problems in various contexts.