Course Schedule and Catalog
Course Catalog - 2024-2025
ECON 423 - ADV ECON FOR ENERGY MARKETS
Long Title: ADVANCED ECONOMETRICS FOR ENERGY MARKETS
Department: Economics
Grade Mode: Standard Letter
Language of Instruction: Taught in English
Course Type: Lecture/Laboratory
Credit Hours: 4
Restrictions:
Must be enrolled in one of the following Level(s):
Undergraduate Professional
Visiting Undergraduate
Undergraduate
Prerequisite(s): (ECON 209 OR ECON 310) AND ECON 437
Description: This course provides an introduction to advanced econometric techniques, focusing on time series and panel data as applied to energy markets. Students will learn to handle issues such as autocorrelation and seasonality in energy data, develop ARIMA models for forecasting, and apply these techniques in Python. The course emphasizes practical applications through lab sessions and concludes with a final project that requires students to conduct demand estimation and forecasting for an energy commodity, presented in an interactive dashboard format. Graduate/Undergraduate Equivalency: ECON 623. Mutually Exclusive: Cannot register for ECON 423 if student has credit for ECON 623.