Course Syllabus

ECO220Y1Y: Quantitative Methods in Economics, 2018/19, Prof. Murdock

L0201: Wed 11-1, SS 2102; L0301: Wed 2-4, PB B250 (B150 Winter); L0401: Tues 2-4, MP 102

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

Syllabus (Note: Change in marking scheme

The Data Analysis Course Module (DACM) on Quercus

Schedule: slides, readings, HW, tutorials, tests

Office hours with Prof. Murdock during the final exam period

Piazza (signup link)

Aid sheets (for entire course)

Old tests/exams

Readings page

Help from our TAs during the final exam period

Final Exam Bulletin Board

Final Exam Bulletin Board

Visit the Final Exam Bulletin Board for information about our common (all sections of ECO220Y) final exam. For help, see the TA Aid Centre schedule during the final exam period.

Schedule: Slides, readings, HW, tutorials, and tests

The complete Fall 2018 schedule of events and Winter 2019 schedule of events, with links to key course materials, are below.

The Data Analysis Course Module (DACM)

The Data Analysis Course Module (DACM) is an important part of ECO220Y. This dedicated DACM Quercus site provides all details.

Quercus Quizzes

See the What to expect for Quercus quizzes page.

Readings

See the Readings page, which has all the readings for the course in one spot.

The Economics Study Centre: Some Peer Mentor Recommendations

See The Economics Study Centre. There is an amazing ALL-STAR team of Peer Mentors to help you with ECO220Y1Y for 2018/19. So many of my very top students from 2016/17 and 2017/18 are serving. Further, Peer Mentors are selected not just for academic achievement but also excellent communication skills. I would strongly encourage you to take advantage of this amazing resource. For best service, go regularly and not just the day before tests (when it can get crowded).

Peer Mentors (alphabetical by last name) who took ECO220Y1Y with me (all with truly excellent to outstanding results):

  • Alejandra Bellatin (took ECO220Y with me in 2017/18)
  • Kathleen Chen (took ECO220Y with me in 2017/18)
  • Andrew Harrison (took ECO220Y with me in 2017/18)
  • Ren Ivan Hsieh (took ECO220Y with me in 2017/18)
  • Gulru Inan (took ECO220Y with me in 2016/17)
  • Jocelyn Ji (took ECO220Y with me in 2017/18)
  • Yu Mao (took ECO220Y with me in 2016/17)
  • Jenney Ren (took ECO220Y with me in 2017/18)
  • Saarah Sheikh (took ECO220Y with me in 2016/17)
  • Amelie Xiaotian Zhang (took ECO220Y with me in 2016/17)
  • Diana Zhang (took ECO220Y with me in 2017/18)

Note that DACM first started in 2017/18. However, all the Peer Mentors who took ECO220Y with me in 2016/17 also served as Peer Mentors last year: they are particularly experienced. Also, Christopher Sims (took ECO220Y in 2017/18) did great with another professor and knows our curriculum and DACM well. Whenever you go to the Study Centre you will be sure to find a helpful Peer Mentor. We have particularly amazing coverage for ECO220Y1Y this year.

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Fall 2018 Schedule

Day, Date Event RR (required readings): complete BEFORE class
HW (homework): complete soon AFTER class
Fri, Sept 7 TA tutorial Introduction to tutorials and prerequisite review
RR: Prerequisite Review with a Diagnostic Quiz
Tues/Wed, Sept 11/12 Lecture 1 Course overview, sampling, data & describing categorical data
RR: Chapters 1 – 4; HW: HW 1 (Solutions)
Fri, Sept 14 DACM TA tutorial For details, see the DACM Handbook
Mon, Sept 17 Quercus Quiz 1 due Week 1 material (Lecture 1 and HW 1) & prerequisite review
See the What to expect for Quercus quizzes page.
Tues/Wed, Sept 18/19 Lecture 2 Histograms, central tendency & variability
RR: Sections 5.1 – 5.6; HW: HW 2 (Solutions)
Fri, Sept 21 DACM TA tutorial For details, see the DACM Handbook
Mon, Sept 24 Quercus Quiz 2 due Week 2 material
Tues/Wed, Sept 25/26 Lecture 3 Percentiles, STATA, box plots, standardizing & other transformations
RR: Sections 5.7 – 5.14; HW: HW 3 (Solutions)
Wed, Sept 26 DACM Module A Quiz Due (Opens on Fri, Sept 21)
Fri, Sept 28 TA Review for Test #1 Report to room ES1050 at 9:10am 
(Note: There is nothing happening in KP108 on Friday, September 28.)
Mon, Oct 1 Quercus Quiz 3 due Week 3 material
Tues/Wed, Oct 2/3 Lecture 4 Describing associations, covariance, correlation & causality
RR: Chapter 6 & SW11 (see Readings page); HW: HW 4 (Solutions)
Fri, Oct 5 TEST #1 9:10 – 11am; See Announcements for details
Mon, Oct 8 THANKSGIVING (No Quercus Quiz due: a break)
Tues/Wed, Oct 9/10 Lecture 5 Simple regression: OLS, interpretation, ANOVA & R-squared
RR: Sections 7.1 – 7.7, 19.4; HW: HW 5 (Solutions)
Fri, Oct 12 DACM TA tutorial For details, see the DACM Handbook
Mon, Oct 15 Quercus Quiz 4/5 due Weeks 4-5 material
Tues/Wed, Oct 16/17 Lecture 6 Logarithms in regression analysis with Asiaphoria & Dummy Variables
RR:Logarithms in Regression Analysis with Asiaphoria”, Section 7.8; HW: HW 6 (Solutions)
Fri, Oct 19 DACM TA tutorial For details, see the DACM Handbook
Mon, Oct 22 Quercus Quiz 6 due Week 6 material
Tues/Wed, Oct 23/24

Lecture 7

Randomness & probability
RR: Chapter 8; HW: HW 7 (Solutions)
Fri, Oct 26 DACM TA tutorial For details, see the DACM Handbook
Mon, Oct 29 -- (No Quercus Quiz due: a break)
Tues/Wed, Oct 30/31 Lecture 8 Random variables & discrete distributions
RR: Sections 9.1 – 9.4, 9.6 (9.5 optional); HW: HW 8 (Solutions)
Wed, Oct 31 DACM Module B Quiz Due (Opens on Fri, Oct 26)
Fri, Nov 2 TA Review for Test #2 Report to room ES1050 at 9:10am 
(Note: There is nothing happening in KP108 on Friday, November 2.)
Mon, Nov 5 – Fri, Nov 9 READING WEEK No classes and no tutorials, but office hours continue as usual
Mon, Nov 12 Quercus Quiz 7/8 due Weeks 7-8 material
Tues/Wed, Nov 13/14 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 16 TEST #2 9:10 – 11am; See Announcements for details (including the article from The Star)
Mon, Nov 19 Quercus Quiz 9 due Week 9 material
Tues/Wed, Nov 20/21 Lecture 10 Sampling distributions & sampling distribution of P-hat
RR: Sections 10.1 – 10.2; HW: HW 10 (Solutions)
Fri, Nov 23 TA tutorial Fully-labelled graphs, Normal approximation to Binomial & sampling distribution of P-hat
Report to room ES1050 at 9:10amOR at 10:10am for a 50-minute TA tutorial.
(Note: There is nothing happening in KP108 on Friday, November 23.)
Mon, Nov 26 Quercus Quiz 10 due Week 10 material
Tues/Wed, Nov 27/28 Lecture 11 Sampling distribution of X-bar & simulation methods
RR: Sections 10.3 – 10.5; HW: HW 11 (Solutions)
Fri, Nov 30 DACM TA tutorial For details, see the DACM Handbook
Mon, Dec 3 Quercus Quiz 11 due Week 11 material
Note: The next quiz (Quercus Quiz 12) opens on Friday, December 7 and is due Monday, January 7
Tues/Wed, Dec 4/5 Lecture 12 Confidence interval estimation: single proportion & differences between proportions
RR: Chapter 11; HW: HW 12 (Solutions)
Thur, Dec 6 – Fri, Jan 4 BREAK No classes, no tutorials, and no office hours
Note: Quercus Quiz 12 opens on Friday, December 7 and is due Monday, January 7

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Winter 2019 Schedule

Day, Date Event RR (required readings): complete BEFORE class
HW (homework): complete soon AFTER class
Mon, Jan 7 Quercus Quiz 12 due Week 12 material
Note: Opens on Friday, December 7 at noon
Tues/Wed, Jan 8/9 Lecture 13 Hypothesis testing using a P-value approach
RR: Sections 12.1 – 12.3; HW: HW 13 (Solutions)
Fri, Jan 11 DACM TA tutorial For details, see the DACM Handbook
Mon, Jan 14 Quercus Quiz 13 due Week 13 material
Tues/Wed, Jan 15/16 Lecture 14 (typo on Slide 14 fixed) 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 18 TEST #3 9:10 – 11am; See announcement Test #3
Mon, Jan 21 Quercus Quiz 14 due Week 14 material
Tues/Wed, Jan 22/23 Lecture 15 Type I errors, Type II errors & power
RR: Sections 12.9 – 12.10; HW: HW 15 (Solutions)
See "Adaptive Partial Drug Approval: A Health Policy Proposal" on Readings page
Fri, Jan 25 DACM TA tutorial For details, see the DACM Handbook
Mon, Jan 28 -- (No Quercus Quiz due: a break)
Tues/Wed, Jan 29/30 Lecture 16 Inference about mu: estimation & hypothesis testing [The Student t table]
RR: Chapter 13; HW: HW 16 (Solutions)
Wed, Jan 30 DACM Module C Quiz Due (Opens on Fri, Jan 25)
Fri, Feb 1 DACM TA tutorial For details, see the DACM Handbook
Mon, Feb 4 Quercus Quiz 15/16 due Weeks 15-16 material
Tues/Wed, Feb 5/6 Lecture 17 Inference about the difference between means
RR: Chapter 14; HW: HW 17 (Solutions)
File referenced in HW 17: credit_spending.xlsx
Fri, Feb 8 DACM TA tutorial For details, see the DACM Handbook
Mon, Feb 11 Quercus Quiz 17 due Week 17 material
Tues/Wed, Feb 12/13 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)
File referenced in Lecture 18: ch18_MCSP_Frozen_Pizza.csv
Fri, Feb 15 DACM TA tutorial For details, see the DACM Handbook
Mon, Feb 18 – Fri, Feb 22 READING WEEK No classes and no tutorials, but office hours continue as usual.
Mon, Feb 25 -- (No Quercus Quiz due: a break)
Tues/Wed, Feb 26/27 Lecture 19 Statistical inference with regression
RR: Sections 18.3 – 18.6, 19.2; HW: HW 19 (Solutions)
Wed, Feb 27 DACM Module D Quiz Due (Opens on Fri, Feb 22)
Fri, Mar 1 TA Review for Test #4 Report to room ES1050 at 9:10am 
(Note: There is nothing happening in KP108 on Friday, Mar 1.)
Mon, Mar 4 Quercus Quiz 18/19 due Weeks 18-19 material
Tues/Wed, Mar 5/6 Lecture 20 Multiple regression: model & interpretation
RR: Sections 20.1 – 20.3; HW: HW 20 (Solutions)
Fri, Mar 8 TEST #4 9:10 – 11am; See Test #4 Announcement for details
Mon, Mar 11 Quercus Quiz 20 due Week 20 material
Tues/Wed, Mar 12/13 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 15 DACM TA tutorial For details, see the DACM Handbook
Mon, Mar 18 Quercus Quiz 21 due Week 21 material
Tues/Wed, Mar 19/20 Lecture 22 Dummy variables & interaction terms
RR: Sections 19.3, 21.1 – 21.3, “Waterloo 2016 Salary Disparities” (Quercus) (Optional: “Standardized Residuals,” “Influence Measures” pp. 737-9); HW: HW 22 (Solutions)
Fri, Mar 22 DACM TA tutorial For details, see the DACM Handbook
Mon, Mar 25 Quercus Quiz 22 due Week 22 material; Note: This is the last Quercus Quiz
Tues/Wed, Mar 26/27 Lecture 23 Quadratic Terms, Connecting (mu1-mu2) to Regression, and an Economics Paper Illustrating Regression in Action
RR:Quadratic terms” (Quercus); HW: HW 23 (Solutions)
Fri, Mar 29 DACM TA tutorial For details, see the DACM Handbook
Mon, Apr 1 -- (No Quercus Quiz due: a break)
Tues/Wed, Apr 2/3 Lecture 24 More Regression Applications
(No RR or HW)
Wed, Apr 3 DACM Module E Quiz Due (Opens on Fri, Mar 29)
Fri, Apr 5 TEST #5 (OPEN MAKE-UP) 9:10 – 11am; See Test #5 Announcement for details
Tues, Apr 30 FINAL EXAM See the Final Exam Bulletin Board (on the DACM Quercus site); See the TA Aid Centre schedule during the final exam period.
Date, time and location has been set by A&S: TUE APR 30, 2:00 - 5:00 PM
Rooms are assigned by first letter(s) of your last name:
  • A - G:  BN 2N 
  • H - L:  BN 2S
  • M - WA:  BN 3 
  • WE - YI:  MS 3153
  • YO - ZZ:  MS 3154 

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Help from our TAs

See the TA Aid Centre schedule during the final exam period.

Event(s) Starting date and links for details
Weekly Tutorials See the Fall 2018 Schedule and Winter 2019 Schedule for schedule. For the DACM Tutorials, see the DACM Handbook on Quercus for details.
Weekly TA Office Hours with Head TA Aly Mondays, 3:00 - 4:00pm, GE 313, third floor of the Economics Department, 150 St George Street. These start on September 17th and run through April 8 (with a break for Thanksgiving, Family Day, and the Winter break).
Extra TA Sessions before tests/exam See the Fall 2018 Schedule and Winter 2019 Schedule for those scheduled during regular Friday morning time slot. Additional TA Aid Centers before each term test and the final exam will be announced on Quercus.
Our Head TA, who manages the Quercus Quizzes and remark requests for term tests is Aly Somani (aly.somani@mail.utoronto.ca).

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Course Summary:

Date Details