Prague, Czech Republic

Economics and Econometrics

Ekonomie a Ekonometrie

Language: Czech Studies in Czech

Subject area: economy and administration

University website: www.cuni.cz

Years of study: 4

Econometrics

Econometrics is the application of statistical methods to economic data and is described as the branch of economics that aims to give empirical content to economic relations. More precisely, it is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference". An introductory economics textbook describes econometrics as allowing economists "to sift through mountains of data to extract simple relationships". The first known use of the term "econometrics" (in cognate form) was by Polish economist Paweł Ciompa in 1910. Jan Tinbergen is considered by many to be one of the founding fathers of econometrics. Ragnar Frisch is credited with coining the term in the sense in which it is used today.

Wikipedia

Economics

Economics () is the social science that studies the production, distribution, and consumption of goods and services.

Wikipedia

Econometrics

(Kálmán's) fundamental contributions to modern system theory... provided rigorous mathematical tools for engineering, econometrics, and statistics, and in particular for his invention of the "Kalman filter,"… was critical to achieving the Moon landings and creating the Global Positioning System and which has facilitated the use of computers in control and communications technology.

NSF (2008) "The President's National Medal of Science: Recipient Details"

Wikiquote

Econometrics

Econometrics may be defined as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference.

Paul Samuelson, Tjalling Koopmans, and Richard Stone. "Report of the evaluative committee for Econometrica." Econometrica- journal of the Econometric Society. (1954): 141-146.

Wikiquote

Economics

To have peace and not war, the drift toward a war economy, as facilitated by the moves and the demands of the sophisticated conservatives, must be stopped; to have peace without slump, the tactics and policies of the practical right must be overcome. The political and economic power of both must be broken. The power of these giants of main drift is both economically and politically anchored; both unions and an independent labor party are needed to struggle effective.

C. Wright Mills, The New Men of Power (1948).

Wikiquote

list - Doctoral studies - Charles University in Prague

University
Charles University in Prague - Presentation of the University

Go to

« back - Doctoral studies

Physical sciences, Earth sciences

Observation of global carbon cycle

Current global observational and modelling capabilities allow scientists to produce estimates of the carbon budget, but many uncertainties remain. An EU-funded initiative was therefore established to provide more and better data on carbon dioxide (CO2) and methane (CH4) through a global carbon observation and analysis system.

StudentNews Group - about us

Share

Economics and Econometrics

Ekonomie a Ekonometrie

Share