Econometrics: Specific techniques for analyzing economic relationships using real-world data, grounded in classical statistics, provides tools for estimating all aspects of economic phenomena, including labor supply, supply and demand, and business cycles. Used to test hypotheses about the world that are developed from economic theory. Econometric estimates can be used to forecast future conditions, aiding individuals, businesses, and governments in making decisions.
Prerequisites for Declaring Econometric Track
MUST BE COMPLETE BEFORE APPLICATION!
We no longer require MATH 225 to be complete prior to applying for this track, but it is preferred and the course will need to be complete for completion of the Minor.
Course: |
Requirements: |
|---|---|
|
ECON 102 ECON 202 ECON 203 |
ECON ILLINOIS GPA of 2.33 or above
*Only ECON courses at ILLINOIS counted in GPA |
|
MATH 220 |
Grade of C or Higher
**No other substitutions accepted; C Grade Required |
|
MATH 225 *Recommended prior to application (Required within the curriculum) but not required to apply |
Econometrics Track Requirements
MATH Requirements |
|
| MATH 220/221 – Calculus | 4-5 |
| MATH 225 – Introductory Matrix Theory See substitutions website | 2 |
Core Economics Requirements (12 credit hours) |
|
|
ECON 102 – Microeconomic Principles |
3 |
|
ECON 202 – Economic Statistics I or equivalent (See substitutions website) |
3 |
|
ECON 203 – Economic Statistics II |
3 |
|
ECON 302 – Intermediate Microeconomic Theory |
3 |
Econometrics Track (9 credit hours) |
|
|
ECON 471 – Introduction to Applied Econometrics Two 400 – Level ECON Econometrics Courses (see below) |
9 |
Total ECON Hours |
21(+6-7 MATH hours) |
400-Level Econometrics Courses
The below courses are approved 400-level Courses for this Minor Track. Courses are not available every semester, and there may be limited availability within the courses as economics majors receive first priority to register.
You must be a declared economics minor student in order to take these courses!
| ECON 425 Macroeconomic Policy |
| ECON 437 Game Theory |
| ECON 451 Program Evaluation in Developing Econ |
| ECON 460 Financial Economics |
| ECON 469 Economics of Risk |
| ECON 471 Intro to Applied Econometrics |
| ECON 472 Financial Econometrics |
| ECON 474 Econometrics of Policy Evaluation |
| ECON 475 Economic Forecasting |
| *ECON 490/491 Applied Macroeconometrics |
| *ECON 490/491 Applied Machine Learning |
| *ECON 490/491 Business Cycles |
| *ECON 490/491 International Finance |
| *ECON 490/491 International Macro Forecasting |
| *ECON 490/491 Macro of Labor Markets |
| *ECON 490/491 Nonlinear Econometric Models |
| *ECON 490/491 Numerical Methods: Economics |
| *ECON 490/491 Predictive Analytics |
| *ECON 490/491 Topics in Econometrics |
*Spring 2022 & previous semesters, courses listed as 490. Fall 2022 & future semesters, courses listed as 491.