ECO220Y1Y: Quantitative Methods in Economics, 2017/18, Prof. Murdock

L0301: Wed 11-1, KP 108; L0401: Wed 2-4, SS 2117; L0501: Tues 2-4, SS 2135

All three sections have Fridays 9-11 reserved for tests, tutorials, and other events

Syllabus

Portal

Schedule: slides, readings, HW, tutorials, tests

Office hours with Prof. Murdock: Thursdays, 2-4pm, GE 312

Office hours with TA Aly: Mondays, 3-4pm, GE 040

(Any schedule changes posted on this site)

Piazza

Aid sheets (for entire course)

Help from our TAs

The Data Analysis Course Module (DACM) on portal

Old tests/exams

Economics Study Centre *OPEN* M/T/W/R: 11am – 5pm; F: 1pm-3pm

Main Floor of Economics Department, 150 St George Street

 

Last updated: September 22, 2017


ANNOUNCEMENTS:

 

Portal quiz 2: Our second portal quiz opens on Friday, September 22 at noon and is due by 6pm on Monday, September 25. Do you have questions about the portal quizzes? Start with Section 11.2 of the syllabus and visit the “Portal Quizzes” folder in portal, which contains FAQ’s. [posted September 22]

 

dacm module a: Now that you have completed Modules A.1 and A.2 in DACM, make sure to work on the practice test questions for Module A, which are on pages 21 – 25 of the DACM Handbook. (If you missed a DACM tutorial, see the calendar on page 6 of the DACM Handbook for the make-up tutorials time/location.) The DACM Module A Online Test window opens at 6pm on Tuesday, September 26 and closes at 6pm on Monday, October 2. Once you click begin, a 60 minute timer starts ticking, so make sure that you are prepared before you start. [posted September 22]

 

Lecture slides and hw posted: For Lecture 3, the readings, lecture slides, and homework are posted on the Fall 2017 Schedule. You may print the lecture slides (black and white is fine): these include blank space for notes. Take notes: slides are not notes. [posted September 22]

 

Economics study centre: The Economics Study Centre is now open. It is located on the main floor of the Economics Department, 150 St George Street, and has extensive hours. On Mondays through Thursdays it is open from 11am through 5pm and on Fridays it is open from 1pm through 3pm. We have an impressive team of Peer Mentors for ECO220Y1Y, including the only student to get a grade of 100 (!) in our course in more than a decade! In alphabetical order by last name, these are the Peer Mentors who specifically took ECO220Y1Y with me:

·        Emilie Heron

·        Gulru Inan

·        Zachary Kroll

·        Arvind Kulathu

·        Yu Mao

·        Paul Pavel

·        Saarah Sheikh

·        Justin Yau

·        Xiaotian Zhang

Further, I have met or worked with several of the other Peer Mentors (who I do not know from ECO220Y) and I would also recommend them. You can see the full schedule. Also, I have provided the Economics Study Centre with a copy of our textbook. [posted September 18]

 

REASONABLE COLLABORATION (AND VIOLATIONS): As discussed in the syllabus, reasonable collaboration with your classmates on iClicker questions and portal quizzes is permitted. Just to make sure you do not compromise you academic integrity, here are examples of unreasonable collaboration activities that would have serious consequences for you and anyone else involved:

·        Not permitted: Bringing someone else’s iClicker remote to class.

·        Not permitted: Asking Peer Mentors at the Economic Study Centre to help you answer your portal quiz questions.

·        Not permitted: Having anyone outside of our course, paid or unpaid, assist you in completing work that you submit to be graded, which includes iClicker questions and portal quizzes.

If you have concerns about your own actions or those of your classmates, please contact me immediately. [posted September 18]

 

PIAZZA: Sign up for Piazza: https://piazza.com/utoronto.ca/fall2017/eco220y. There are already some good questions up there. [updated September 15]

 

TEXTBOOK VENDORS: Note that both the U of T Bookstore and Discount Textbooks are selling our textbook (the brand new 2017 Canadian edition). [posted September 15]

 

Lecture slides and hw posted: For Lecture 2, the readings, lecture slides, and homework are posted on the Fall 2017 Schedule. You may print the lecture slides (black and white is fine): these include blank space for notes. Take notes: slides are not notes. [posted September 15]

 

portal quiz 1: Our first portal quiz opens on Friday, September 15 at noon and is due by 6pm on Monday, September 18. Do you have questions about the portal quizzes? Start with Section 11.2 of the syllabus and visit the “Portal Quizzes” folder in portal, which contains FAQ’s. [posted September 11]

 

Lecture slides and hw posted: For Lecture 1, the readings, lecture slides, and homework are posted on the Fall 2017 Schedule. You may print the lecture slides (black and white is fine): these include blank space for notes. Take notes: slides are not notes. [posted August 13]

 

office hours: Professor Murdock has regular office hours on Thursdays from 2:00 – 4:00pm in GE 312, which is on the third floor of the Economics Department, 150 St George St. You do not need an appointment. TA Aly, who regularly attends lectures each week to keep abreast of exactly what we’re learning, has regular office hours on Mondays from 3:00 – 4:00pm in GE 040, which is in the basement level of the Economics Department, 150 St George Street. These start right away on September 11th. [posted September 7]

 

new textbook:  We use the brand new 2017 Business Statistics, Third Canadian Edition by Sharpe, De Veaux, Velleman, and Wright (U of T Bookstore and Discount Textbooks). This is its first year (no used copies). The Economics Study Centre will have a copy. Old editions will be inconvenient for you. For MyStatLab (not required) go to https://registration.mypearson.com/ using course ID murdock99404. Also, visit the link named “Readings” in portal. [posted August 13]

 

the data analysis course module (Dacm): Make sure to visit the portal site for the required Data Analysis Course Module (DACM), which is worth 12 percent of your course grade. The DACM Handbook (on that portal site) helps answer questions you may have about this important, and new, course module. [posted September 6]

 

Welcome and schedule:  Welcome to the main course site for ECO220Y1Y (Quantitative Methods in Economics) for L0301, L0401, and L0501 with Prof. Murdock. The syllabus is posted and hardcopies will be distributed in Lecture 1. See the Fall 2017 Schedule. It lists course activities, dates, and reading assignments. It also has direct links to course materials. [updated September 6]

 

DACM Tutorials this friday: Your first DACM tutorial, Module A.1, is on Friday (September 15) and there are some important steps you must take now to prepare. Make sure to prepare before you arrive at your first tutorial: 1) Download the complete DACM handbook. 2) Carefully read pages 1 through 8 of the DACM handbook, which explain what DACM is all about and what you need to do. 3) Read pages 9 through 13, which is Module A.1. In particular, make sure to carefully read the background material for that module on pages 9 through 10. I expect you will also find it useful to at least read through the steps that you will take in the tutorial under "Interactive tutorial materials:" starting on page 10. That will likely make the tutorial easier to keep up with. 4) Download the data files for Module A.1. Make sure to do this BEFORE arriving at your tutorial. The wireless capacity at U of T will not permit the whole class to simultaneously download the data files at the start of tutorial. 5) Install the Analysis ToolPak on your laptop BEFORE arriving at your tutorial. See Section 3 of the DACM Handbook for more on this. 6) Arrive at your DACM tutorial section room EARLY or ONTIME with your laptop (or shared laptop) out, on, and ready to start promptly at 10 minutes after the hour: L0301: Friday (September 15), 9 - 10am, SS 2117; L0401: Friday (September 15), 10 - 11am, SS 2117; L0501: Friday (September 15), 10 - 11am, SS 2135. Please note that on Fridays when you have a DACM tutorial that is the ONLY class activity you have (i.e. you are done after your 50-minute DACM tutorial). During weeks without a DACM tutorial, you can see the course activity by visiting the Fall 2017 schedule. [posted September 11]

 

iclicker, first Lecture: You need an iClicker remote, which is widely available used or new. You may buy a remote, borrow a remote, or share a remote with anyone that is not currently taking ECO220 with Prof. Murdock. You must use an iClicker remote: iClicker REEF is not permitted. To register (or re-register) go to our portal site and follow the link “i>Clicker Registration” on the left tool bar. If your iClicker's remote ID is no longer legible, see me before or after class (we can use my iClicker base station to read your remote’s signal and recover its ID).  Please bring your iClicker remote to Lecture 1, which is on Sept. 12/13 depending on your section. The first lecture is practice. [posted August 13]

 

TA Tutorials start immediately: Our first TA tutorials start right away: Friday, September 8. Times and locations are posted in the Fall 2017 Schedule. Complete the “Prerequisite Review with a Diagnostic Quiz” – especially the diagnostic quiz – before the first TA tutorial. [posted August 13]


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FALL 2017 SCHEDULE:

 

Day, Date

Event

RR (required readings): complete BEFORE class

HW (homework): complete soon AFTER class

Fri, Sept 8

TA tutorials

Introduction to tutorials and prerequisite review

L0301: 9:10 – 10am SS 2117 (TA Aly)

L0401: 10:10 – 11am SS 2117 (TA Aly)

L0501: 10:10 – 11am SS 2135 (TA Martin)

RR: “Prerequisite Review with a Diagnostic Quiz”

Tues/Wed, Sept 12/13

Lecture 1

Course overview, sampling, data & describing categorical data

RR: Chapters 1 – 4; HW: HW 1 (Solutions)

Fri, Sept 15

DACM TA tutorial

For details, see handbook on DACM portal site

Mon, Sept 18

Portal Quiz 1 due

Week 1 material (Lecture 1 and HW 1) and including the prerequisite review

Tues/Wed, Sept 19/20

Lecture 2

Histograms, central tendency & variability

RR: Sections 5.1 – 5.6; HW: HW 2 (Solutions)

Fri, Sept 22

DACM TA tutorial

For details, see handbook on DACM portal site

Mon, Sept 25

Portal Quiz 2 due

Week 2 material (cumulative)

Tues/Wed, Sept 26/27

Lecture 3

Percentiles, STATA, box plots, standardizing & other transformations

RR: Sections 5.7 – 5.14; HW: HW 3 (Solutions)

Fri, Sept 29

TA Aid Centres

9:10 – 11am in SS 2117 and SS 2135 

Mon, Oct 2

DACM Test A due

 

Tues/Wed, Oct 3/4

Lecture 4

Describing associations, covariance, correlation & causality

RR: Chapter 6 & SW11 (“Readings” in portal); HW: HW 4 (Solutions)

Fri, Oct 6

TEST #1

9:10 – 11am

EX 200: Last names A through R

EX 310: Last names S through Wong

EX 320: Last names Wu through Z

Mon, Oct 9

Portal Quiz 3/4 due

Weeks 3-4 material (cumulative)

Tues/Wed, Oct 10/11

Lecture 5

Simple regression: OLS, interpretation, ANOVA & R-squared

RR: Sections 7.1 – 7.7, 19.4; HW: HW 5 (Solutions)

Fri, Oct 13

DACM TA tutorial

For details, see handbook on DACM portal site

Mon, Oct 16

Portal Quiz 5 due

Week 5 material (cumulative)

Tues/Wed, Oct 17/18

Lecture 6

Logarithms in regression analysis & Asiaphoria

RR: “Logarithms in Regression Analysis with Asiaphoria, Section 7.8; HW: HW 6 (Solutions)

Fri, Oct 20

DACM TA tutorial

For details, see handbook on DACM portal site

Mon, Oct 23

Portal Quiz 6 due

Week 6 material (cumulative)

Tues/Wed, Oct 24/25

Lecture 7

Randomness & probability

RR: Chapter 8; HW: HW 7 (Solutions)

Fri, Oct 27

DACM TA tutorial

For details, see handbook on DACM portal site

Mon, Oct 30

Portal Quiz 7 due

 

Tues/Wed, Oct 31/Nov 1

Lecture 8

Random variables & discrete distributions

RR: Sections 9.1 – 9.4, 9.6 (9.5 optional); HW: HW 8 (Solutions)

Fri, Nov 3

TA Aid Centres

9:10 – 11am in SS 2117 and SS 2135 

Mon, Nov 6 – Fri, Nov 10

READING WEEK

No classes and no tutorials, but office hours continue as usual

Mon, Nov 13

DACM Test B due

 

Tues/Wed, Nov 14/15

Lecture 9

Continuous distributions [The Normal table]

RR: Sections 9.8 – 9.11, “The Normal Table: Read It, Use It,” (Optional: 9.7, 9.12, “Normal Probability Plots” pp. 280-2); HW: HW 9 (Solutions)

Fri, Nov 17

TEST #2

9:10 – 11am

EX 200: Last names A through R

EX 310: Last names S through Wong

EX 320: Last names Wu through Z

Mon, Nov 20

Portal Quiz 8/9 due

Weeks 8-9 material (cumulative)

Tues/Wed, Nov 21/22

Lecture 10

Sampling distributions & sampling distribution of P-hat

RR: Sections 10.1 – 10.2; HW: HW 10 (Solutions)

Fri, Nov 24

TA tutorials

Fully-labelled graphs, Normal approximation to Binomial & sampling distribution of P-hat

L0301: 9:10 – 10am SS 2117 (TA Aly)

L0401: 10:10 – 11am SS 2117 (TA Aly)

L0501: 10:10 – 11am SS 2135 (TA Martin)

Mon, Nov 27

Portal Quiz 10 due

Week 10 material (cumulative)

Tues/Wed, Nov 28/29

Lecture 11

Sampling distribution of X-bar & simulation methods

RR: Sections 10.3 – 10.5; HW: HW 11 (Solutions)

Fri, Dec 1

DACM TA tutorial

For details, see handbook on DACM portal site

Mon, Dec 4

Portal Quiz 11 due

Week 11 material (cumulative)

Note: This is the last portal quiz due in the Fall term

Tues/Wed, Dec 5/6

Lecture 12

Confidence interval estimation: single proportion & differences between proportions

RR: Chapter 11; HW: HW 12 (Solutions)

Thur, Dec 7 – Thur, Jan 4

BREAK

No classes, no tutorials, and no office hours

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WINTER 2018 SCHEDULE:

 

Day, Date

Event

RR (required readings): complete BEFORE class

HW (homework): complete soon AFTER class

Fri, Jan 5

DACM TA tutorial

For details, see handbook on DACM portal site

Mon, Jan 8

Portal Quiz 12 due

Week 12 material (cumulative)

Tues/Wed, Jan 9/10

Lecture 13

Hypothesis testing using a P-value approach

RR: Sections 12.1 – 12.3; HW: HW 13 (Solutions)

Fri, Jan 12

TA Aid Centres

9:10 – 11am in SS 2117 and SS 2135 

Mon, Jan 15

DACM Test C due

 

Tues/Wed, Jan 16/17

Lecture 14

Alpha, statistical vs. economic (business) significance, economic (business) significance, rejection region (critical value) approach & comparing proportions

RR: Sections 12.4 – 12.8; HW: HW 14 (Solutions)

Fri, Jan 19

TEST #3

9:10 – 11am

Mon, Jan 22

Portal Quiz 13/14 due

Weeks 13-14 material (cumulative)

Tues/Wed, Jan 23/24

Lecture 15

Type I errors, Type II errors & power

RR: Sections 12.9 – 12.10; HW: HW 15 (Solutions)

Fri, Jan 26

TA tutorials

Hypothesis testing review of rejection region approach and power

L0301: 9:10 – 10am SS 2117 (TA Aly)

L0401: 10:10 – 11am SS 2117 (TA Aly)

L0501: 10:10 – 11am SS 2135 (TA Elaine)

Mon, Jan 29

Portal Quiz 15 due

 

Tues/Wed, Jan 30/31

Lecture 16

Inference about mu: estimation & hypothesis testing [The Student t table]

RR: Chapter 13; HW: HW 16 (Solutions)

Fri, Feb 2

DACM TA tutorial

For details, see handbook on DACM portal site

Mon, Feb 5

Portal Quiz 16 due

 

Tues/Wed, Feb 6/7

Lecture 17

Inference about the difference between means

RR: Chapter 14; HW: HW 17 (Solutions)

Fri, Feb 9

DACM TA tutorial

For details, see handbook on DACM portal site

Mon, Feb 12

Portal Quiz 17 due

 

Tues/Wed, Feb 13/14

Lecture 18

Simple regression model (assumptions)

RR: Sections 18.1 – 18.2, “Logarithms in Regression Analysis with Asiaphoria,” 19.6 – 19.8 (Optional: Discussion of “Normal probability plot” pp. 607-8); HW: HW 18 (Solutions)

Fri, Feb 16

TA Aid Centres

9:10 – 11am in SS 2117 and SS 2135 

Mon, Feb 19 – Fri, Feb 23

READING WEEK

No classes and no tutorials, but office hours continue as usual

Mon, Feb 26

DACM Test D due

 

Tues/Wed, Feb 27/28

Lecture 19

Statistical inference with regression

RR: Sections 18.3 – 18.6, 19.2; HW: HW 19 (Solutions)

Fri, Mar 2

TEST #4

9:10 – 11am

Mon, Mar 5

Portal Quiz 18/19 due

Weeks 18-19 material (cumulative)

Tues/Wed, Mar 6/7

Lecture 20

Multiple regression: model & interpretation

RR: Sections 20.1 – 20.3; HW: HW 20 (Solutions)

Fri, Mar 9

DACM TA tutorial

For details, see handbook on DACM portal site

Mon, Mar 12

Portal Quiz 20 due

 

Tues/Wed, Mar 13/14

Lecture 21

Interpretation (again), overall statistical significance & fit of a multiple regression model [The F table]

RR: Sections 20.4 – 20.6; HW: HW 21 (Solutions)

Fri, Mar 16

DACM TA tutorial

For details, see handbook on DACM portal site

Mon, Mar 19

Portal Quiz 21 due

 

Tues/Wed, Mar 20/21

Lecture 22

Dummy variables & interaction terms

RR: Sections 19.3, 21.1 – 21.3, “Waterloo 2016 Salary Disparities” in Readings folder in portal, (Optional: “Standardized Residuals,” “Influence Measures” pp. 737-9); HW: HW 22 (Solutions)

Fri, Mar 23

DACM TA tutorial

For details, see handbook on DACM portal site

Mon, Mar 26

Portal Quiz 22 due

Note: This is the last portal quiz due in the Winter term

Tues/Wed, Mar 27/28

Lecture 23

Quadratic terms & two economics papers illustrating regression in action [UG beauty & cross-border travel]

RR: “Quadratic terms” in Readings folder in portal; HW: HW 23 (Solutions)

Fri, Mar 30

GOOD FRIDAY

University is closed

Mon, Apr 2

DACM Test E due

Tues/Wed, Apr 3/4

Lecture 24

Review using altruism case study, including link between “differences in means” and regression

(No RR or HW)

Thur, Apr 5

TEST #5 (OPEN MAKE-UP)

9:10 – 11am

TBA: Apr 9 – Apr 30

FINAL EXAM

Date, time and location to be set by A&S

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OLD TESTS/EXAMS:

 

Academic Year

Term Tests

Final Examination

2017/18

 

 

2016/17

Test #1: Nov 2016 (Solutions)

Test #2: Jan 2017 (Solutions)

Test #3: Feb 2017 (Solutions)

Test #4: Mar 2017 (Solutions)

Exam April 2017 (Solutions)

2015/16

Test #1: Oct 2015 (Solutions)

Test #2: Dec 2015 (Solutions)

Test #3: Feb 2016 (Solutions)

Test #4: Mar 2016 (Solutions)

Test #5: Apr 2016 (Solutions)

Exam April 2016 (Solutions)

Summer 2015

Test #1: June 5, 2015 (Solutions)

Test #2: June 26, 2015 (Solutions)

(I taught only first half of the course and did not coordinate the final exam)

2014/15

Test #1 “One Question”: Oct 2014 (Rubric)

Test #2 “MCQ”: Nov 2014 (Solutions)

Test #3 “Midterm”: Jan 2015 (Solutions)

Test #4 “One Question”: Feb 2015 (Rubric)

Test #5 “MCQ”: Mar 2015 (Solutions)

Exam April 2015 (Solutions)

2013/14

Term Test #1: Nov 2013 (Solutions)

One Question Test #1: Nov 2013 (Rubric)

Term Test #2: Jan 2014 (Solutions)

One Question Test #2: Feb 2014 (Rubric)

Term Test #3: Apr 2014 (Solutions)

Exam April 2014 (Solutions)

Summer 2013

Term Test #1: Jun. 2013 (Solutions)

Midterm Test: Jun. 2013 (Solutions)

(I taught only first half of the course and did not coordinate the final exam)

Winter 2013

Term Test #3: Feb 2013 (Solutions)

Term Test #4: Apr 2013 (Solutions)

Exam April 2013 (Solutions)

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HELP FROM OUR TAs:

 

Event(s)

Starting date and links for details

Regular TA Tutorials

First is Friday, Sept. 8: See Fall 2017 Schedule and Winter 2018 Schedule for full schedule and details.

Regular TA Office Hours

First is Monday, Sept. 11th 3:00 – 4:00pm in GE 040 with TA Aly and running through April 2nd. GE 040 is in the basement level of the Economics Department, 150 St George Street.

DACM TA Tutorials

First is Friday, Sept. 15: For full schedule and details, see DACM portal site, Thomas Russell (DACM Head TA)

Regular TA Aid Centres

First is Friday, Sept. 29: See Fall 2017 Schedule and Winter 2018 Schedule for full schedule and details.

Our Head TA, who manages the portal quizzes and remark requests for term tests is Elaine Guo (elainexiaoyu.guo@mail.utoronto.ca).

Additional TA Aid Centres (before each test and the final exam) posted on portal announcements.

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