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Introductory Macro-econometrics - Lecture Slides

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Imagine you are living in 1860 – Just over 150 years ago.

You work 65 hours a week for 1/5th of modern incomes; you would be ill from numerous diseases
and hungry much of the time;
living up to 10 to a room with little sanitation,
your children ill clad and barefoot,
many dying at birth or infancy;
often unemployed–when your family would starve; on average you would die in your mid-40s.
that was in the then richest country in the world. How did we get here from there?

What statistical tools are needed to study evidence in a world that has changed so dramatically?

Consider models and methods for investigating macro-economic data: seek to explain the empirical evidence.

Replicate the examples and download the data here

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