The Undergraduate Year 4 (Senior) Econometrics rubric is designed to assess students’ advanced understanding and application of econometric methods in economic analysis. This rubric evaluates students’ ability to formulate and test economic hypotheses using quantitative techniques; interpret empirical results; and communicate findings effectively. Students will demonstrate proficiency in regression analysis; model specification; and diagnostic testing; ensuring they can address real-world economic problems with rigorous statistical tools. The rubric emphasizes the educational benefits of mastering econometric theory and practice. By completing this course; students will strengthen their analytical skills; learning to select appropriate models; address endogeneity; and handle issues like multicollinearity and heteroskedasticity. They will gain hands-on experience with statistical software; preparing them for data-driven careers in economics; finance; and policy analysis. The ability to critically evaluate empirical research will enable students to contribute meaningfully to academic and professional discussions. Additionally; the rubric assesses students’ capacity to present econometric findings clearly and concisely; a skill essential for both academic and industry settings. Through problem sets; research projects; and exams; students will refine their ability to translate complex statistical concepts into actionable insights. This prepares them for graduate studies or entry-level positions requiring quantitative expertise. Overall; the Year 4 Econometrics rubric ensures students graduate with a strong foundation in empirical methods; equipping them to tackle economic challenges with confidence and precision. The skills developed align with industry demands; making students competitive in job markets and advanced academic programs.
