Econometrics // Lecture 1: Introduction

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  • เผยแพร่เมื่อ 17 พ.ค. 2013
  • This is an introduction to econometrics tutorial. This video is a basic overview and touches on each of these subjects:
    1. What is Econometrics?
    2. Goals of Econometrics
    3. Types of Economic Data
    4. The "Simple Linear Regression" (SLR)
    5. Causality
    This lecture on econometric theory is meant to introduce the student to the concepts of econometrics, as well as provide a basic overview of what the topic of econometrics encompasses.
    The next video tutorial on simple linear regressions: • Econometrics // Lectur...
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    All video, images, commentary and music is owned by Keynes Academy.

ความคิดเห็น • 228

  • @50shekels
    @50shekels 3 ปีที่แล้ว +217

    Dude i dont even know what econometrics are but im really fucking high and this is great thank you

    • @johnappleseed8146
      @johnappleseed8146 3 ปีที่แล้ว +9

      Im high and an econ major. Heard this is gonna kill me later in my degree. Can't wait.

    • @willemklaassen9735
      @willemklaassen9735 2 ปีที่แล้ว +1

      @@johnappleseed8146 lmao in my country econometrics is a whole ass bachelor, shits crazy

    • @NightDawnDusk
      @NightDawnDusk 2 ปีที่แล้ว

      joe

    • @user-pp8xq7wr5p
      @user-pp8xq7wr5p 2 ปีที่แล้ว

      @@willemklaassen9735 are you Dutch?

    • @gualterguai
      @gualterguai 3 หลายเดือนก่อน +2

      @@user-pp8xq7wr5p did you relly just ask william klaassen if he was dutch

  • @iksklusive
    @iksklusive 8 ปีที่แล้ว +157

    You saved me, I never understand what my lecturer teaches, but this made me like Econometrics

  • @007gurubengalooru
    @007gurubengalooru 8 ปีที่แล้ว +242

    i have the worst professor for this class, I gotta study by my self you've done an amazing job explaining. its so simple in this video

    • @roffpoff8221
      @roffpoff8221 8 ปีที่แล้ว +5

      +Guru Guru wrong sir , I got the definite worst pro , if you don't believe me I can provide recordings ;)

    • @pratiksapkota5083
      @pratiksapkota5083 8 ปีที่แล้ว +6

      +roff poff both of you are wrong. I am the worst pro. i am here for training.

    • @mobai123
      @mobai123 8 ปีที่แล้ว +9

      +Guru Guru LOL mine don't even know how to speak English properly, beat that

    • @XtremeKillah101
      @XtremeKillah101 8 ปีที่แล้ว +3

      +roff poff all 4 of you are wrong, my prof is barely comprehensible due to her thick accent, and she cant explain properly

    • @voineaadi
      @voineaadi 6 ปีที่แล้ว

      Shut up! You're making me cry!

  • @dragoscozma7801
    @dragoscozma7801 6 ปีที่แล้ว +575

    i find the fact that i understood more from a random guy on the internet than i understood from my professor that boasts 10000 diplomas and 1000 teaching courses, very disturbing.

    • @lavergadezambada
      @lavergadezambada 5 ปีที่แล้ว

      Dragos Cozma me too lol

    • @amoldixit2697
      @amoldixit2697 5 ปีที่แล้ว

      touche

    • @hawkins9326
      @hawkins9326 5 ปีที่แล้ว +4

      Exactly my thoughts. This guy deserves my tuition, not my professor

    • @dinglebeey
      @dinglebeey 5 ปีที่แล้ว +37

      To some extent the more qualified someone is the worse they can be at teaching because they forget how difficult it is when you are first learning it. However, also consider that when you youtube a tutor you are not seeing the material for the first time, and also the controllable and more comfortable circumstances in which you are viewing. If this guy had been your prof, and your prof had been the videotutor, the effect may have been similar.

    • @ragemsaid8697
      @ragemsaid8697 4 ปีที่แล้ว

      Dragos Cozma sotrue

  • @preeti6961
    @preeti6961 3 ปีที่แล้ว +9

    Thank you for making this video. I'm studying econometrics for an Internship, this is really going to help me.

  • @noormasarwe7124
    @noormasarwe7124 5 ปีที่แล้ว +1

    you are a life saver!THANK YOU, I just had my first econometrics in Chinese and had no idea what the professor was saying

  • @hueguy
    @hueguy 2 ปีที่แล้ว +5

    Hey thank you for taking the time to explain the materials. This video really gives me a good idea what to expect for my uni course!

  • @OFJahren96
    @OFJahren96 5 ปีที่แล้ว +5

    Great video series! He does a very good job of explaining things. It's a shame there's only three videos

  • @WPaKFamily
    @WPaKFamily 4 ปีที่แล้ว +5

    i love the catchy outro music. Subscribed. Also, I changed my major from Mathematics to Economics and minored in Math.

  • @doaaabdo4854
    @doaaabdo4854 6 ปีที่แล้ว +1

    You have an amazing way to make the most hardest subjects simple to understand thanks

  • @ricreusaurelius4163
    @ricreusaurelius4163 2 ปีที่แล้ว +3

    Graduated 1/2 years ago. Im here to re learn the subject. Its amazing once you understand the power of data analytics.

  • @KeynesAcademy
    @KeynesAcademy  11 ปีที่แล้ว +22

    We will be uploading lots of videos! The material in our tutorials will cover everything including graduate school courses in math and economics. Our next video on OLS and Goodness-Of-Fit is now up!

    • @nationalball9257
      @nationalball9257 2 ปีที่แล้ว

      When, sir?

    • @ej8dx
      @ej8dx 7 หลายเดือนก่อน

      and you uploaded nothing after 2013

  • @zanareyahsalim5572
    @zanareyahsalim5572 10 ปีที่แล้ว +8

    Hai Chris,i m really thankful on how you explain everything in such a simplest way.I hv to admit i am now taking my master in econs and u know this subject is a compulsory. I remenber that I had taken this subject 8 years ago.Your explanation and tutorial was superb & helpful! you made it all attractive and interesting..good job, keep up your good job and i am really really really looking forward for your next tutorial..yeah! i am officially your fan now :)

  • @soomin913
    @soomin913 11 ปีที่แล้ว +6

    Thank you! Ive just started studying econometrics and i think this is going to be a big help! Definitely subscribing :)

  • @delickxn
    @delickxn 7 ปีที่แล้ว +3

    thank you for making this video! please make more of these!

  • @gracegithua1030
    @gracegithua1030 4 ปีที่แล้ว +1

    I now understand what econometrics is basically about. Very helpful video.

  • @doriaaa19
    @doriaaa19 4 ปีที่แล้ว +1

    I would love to pay for more tutorials!!! So brilliant! LOL

  • @enfueego
    @enfueego 8 ปีที่แล้ว +95

    I wish you would do basic statistics leading into econometrics. It would be very helpful.
    I learned quite a bit with your OLS and Goodness of Fit. Econometrics is my final class before graduating, so your tutorials are extremely helpful.

    • @bikramadityaghosh1450
      @bikramadityaghosh1450 4 ปีที่แล้ว

      th-cam.com/video/VZFasn389so/w-d-xo.html

    • @SyedAli-Javaid
      @SyedAli-Javaid ปีที่แล้ว +2

      Exactly the same condition as yours. Econometrics is my last subject too before graduating, lol. How's the life sir after graduating any tips?

    • @user-kr6eq4hd5u
      @user-kr6eq4hd5u 10 หลายเดือนก่อน

      I feel you guys😂 exact same situation

  • @deepapatel28
    @deepapatel28 8 ปีที่แล้ว +8

    This was a great video! Very helpful.

  • @fildzahhaziminauli6573
    @fildzahhaziminauli6573 8 ปีที่แล้ว +1

    Thanks for making this video! Such helps for my Econometrics class :")

  • @MorriganSlayde
    @MorriganSlayde 4 ปีที่แล้ว +6

    This was so simpl thank you! I'm excited to become an economatician, I actually understand all of this and enjoy it! :) I was worried I'd picked the wrong major, but now I feel more secure I'm doing the right degree.

  • @snowflower1081
    @snowflower1081 7 ปีที่แล้ว +1

    It's great, thanks for explaining!

  • @babusaigilu1207
    @babusaigilu1207 9 ปีที่แล้ว +37

    I am among of those who like to listen lectures through videos and get knowledge from different instructors

  • @Star-dz3ei
    @Star-dz3ei 2 ปีที่แล้ว

    Thank you for so simply explaining linear regression and how it will be used in an Intro to Econometrics college class. I have to take this class in about 6 months or so and I was scared shi$less. I've take. Statistics and worked my tail off and got an A. Im hoping to do well then in my Econometrics class. Thank you so much for the example of using the wages as y and other variables like education and experience. That example made the equation seem less threatening and overwhelming. Thank you🙌

  • @jackiea.7971
    @jackiea.7971 5 ปีที่แล้ว +1

    Thanks for the video! I was watching this because this class was recommended to me and I wanted to get a sense of what it was about.

  • @llcoolkatgee211
    @llcoolkatgee211 9 ปีที่แล้ว +2

    Well explained and easy to understand, thank you

  • @KeynesAcademy
    @KeynesAcademy  11 ปีที่แล้ว +14

    Thank you, I appreciate your feedback! If you have any specific questions, or are in need of a video tutorial, comment or send me a message and I will get back to you as soon as possible.

    • @annabellefrost9264
      @annabellefrost9264 4 ปีที่แล้ว

      why is u negative

    • @xxibgdrgn62
      @xxibgdrgn62 3 ปีที่แล้ว

      @@annabellefrost9264 i dont know if this is still from importance to you but it is negative due to the actual value of observation is below the regression line. If you would compare the value of the line to an exact value above the line then u would have been positive.

    • @annabellefrost9264
      @annabellefrost9264 3 ปีที่แล้ว

      @@xxibgdrgn62 thank you this helps!

  • @ECONOMIST95
    @ECONOMIST95 ปีที่แล้ว

    Excellent. Simple words and easy explanation. Highly appreciate the efforts.

  • @nyashathandi
    @nyashathandi 5 ปีที่แล้ว +5

    Oh my goodness! You’re really good! I’m self-teaching and this is just the best channel 🙌🏾

  • @klairehoang667
    @klairehoang667 4 ปีที่แล้ว +5

    Most suitable for this quarantine time. Keynes Academy and chill, cause my oh my your explanations calm all my anxiety

  • @ezekielasogyire1635
    @ezekielasogyire1635 7 หลายเดือนก่อน

    Wow! Cool chop. Chris, you are good.

  • @wasimasadia4887
    @wasimasadia4887 7 ปีที่แล้ว

    omg.this is so simple.... you r really good at explaing..thanks a ton

  • @juadal12
    @juadal12 9 ปีที่แล้ว +2

    Thank you for the video. It helped me a lot.

  • @kizitobukenya6057
    @kizitobukenya6057 4 ปีที่แล้ว

    Thank you indeed. A few minutes in the introduction are more than enough to put some in context

  • @Pyrrhic.
    @Pyrrhic. 10 ปีที่แล้ว

    Keynes was a mathematic genius

  • @ZungRing
    @ZungRing 10 ปีที่แล้ว +3

    It's so nice. Thanks.

  • @sdwjx
    @sdwjx 10 ปีที่แล้ว +1

    we need more videos..keynes!

  • @ymoga87
    @ymoga87 9 ปีที่แล้ว +2

    This video was very helpful!! thanks a lot :)

  • @davisclute7705
    @davisclute7705 3 ปีที่แล้ว

    Really good, nice job explaining simply.

  • @peteburns8352
    @peteburns8352 4 ปีที่แล้ว

    Excellent instructional video! I’m curious, What platform were you using with this “blackboard”?
    Thank you!

  • @lylasyzh123
    @lylasyzh123 ปีที่แล้ว

    Incredible Guide!

  • @pegykartesiou5530
    @pegykartesiou5530 5 ปีที่แล้ว

    Excellent explanation!

  • @semajm-k2493
    @semajm-k2493 6 ปีที่แล้ว

    Great explanation!

  • @user-zk1ou5xn2m
    @user-zk1ou5xn2m 2 หลายเดือนก่อน

    Thx! Easy to understand how what I learned in stat class and economic systems integrate for business ops and profit

  • @JADEFERAROCK
    @JADEFERAROCK 4 ปีที่แล้ว

    GREAT CLASS!!!...THANKS A LOT!

  • @edwardchilufya511
    @edwardchilufya511 8 ปีที่แล้ว +1

    very calm and excellent in explaining.kindly do more vidios.

  • @sriganesh_sharma
    @sriganesh_sharma 3 ปีที่แล้ว

    This guy is a legend for this one.

  • @kalcivar5
    @kalcivar5 3 ปีที่แล้ว

    12 minutes!!! best 12 minutes instead of 2 hours that I spent trying to understand that awful book + 2 hours of lecture. Thank you!

  • @bhawanapaudel5986
    @bhawanapaudel5986 8 ปีที่แล้ว

    thanks a bunch....very helpful to understand

  • @gabriellegall8278
    @gabriellegall8278 6 ปีที่แล้ว

    so clear! thank you

  • @arpananepal5261
    @arpananepal5261 4 ปีที่แล้ว

    Thank you very much for this video!

  • @graceagwu5269
    @graceagwu5269 3 ปีที่แล้ว +1

    Wow, I really fine this very useful, I love it.

  • @RickSesman
    @RickSesman 2 ปีที่แล้ว

    simple and easy to understand ... Thank you

  • @ayalnehworkie9555
    @ayalnehworkie9555 5 ปีที่แล้ว

    Very interesting course for any economic analysis and nice lecture method

  • @tarikahembram2993
    @tarikahembram2993 3 ปีที่แล้ว +1

    Very Useful love from India

  • @dharnie9861
    @dharnie9861 3 ปีที่แล้ว +1

    Well explained for easy understanding

  • @meseretassefa3828
    @meseretassefa3828 8 ปีที่แล้ว

    thanks with this video it is Very brief and understandable

  • @parmusical
    @parmusical 9 ปีที่แล้ว +1

    Thanks a lot!

  • @lisalasoya2898
    @lisalasoya2898 9 หลายเดือนก่อน

    What comes to mind is linear of econometrics of finance, on the other hand, an application of statistical methods in economics. What I was touching on was a reverse gravitation method by way of statistical methods, which drew my attention to this but no cigar as to what my basic search was; however this is very interesting.

  • @1ladypinx
    @1ladypinx 9 ปีที่แล้ว +23

    please do more video's your sooo good at explaining

    • @x78340
      @x78340 8 ปีที่แล้ว +1

      +1ladypinx you're

    • @crapmarine
      @crapmarine 8 ปีที่แล้ว

      +Corvux IX you missed 'videos' :D

  • @endalechawaka4585
    @endalechawaka4585 8 ปีที่แล้ว +1

    very helpful video!!!!!!!

  • @rivanileproductions1
    @rivanileproductions1 10 ปีที่แล้ว

    thank you very much.... this was very helpful

  • @mohammedalqahtani7644
    @mohammedalqahtani7644 2 ปีที่แล้ว

    I love you man!

  • @clivemairura6191
    @clivemairura6191 5 ปีที่แล้ว

    lectures are generally good

  • @tayibabdiaden4675
    @tayibabdiaden4675 4 ปีที่แล้ว +1

    This is amazing material and very beneficial to the economic students but we are requesting you Professor to complete the course please.

  • @truonghongnhung
    @truonghongnhung 5 ปีที่แล้ว +1

    I wish you would do more videos on Econometrics, :).

  • @mohammedalqahtani7644
    @mohammedalqahtani7644 ปีที่แล้ว

    Many thanks man!

  • @sambhavjain6101
    @sambhavjain6101 8 ปีที่แล้ว +3

    you have the best way of explaining ecotrix. Please do post more videos.

  • @NisoPIAKAL
    @NisoPIAKAL ปีที่แล้ว

    Thanks mate. 👍🏾

  • @KeynesAcademy
    @KeynesAcademy  11 ปีที่แล้ว +3

    Please comment with any questions and/or feedback!

  • @luyendamthi9706
    @luyendamthi9706 10 ปีที่แล้ว +4

    It's really helpful, thankz you

  • @amiexpo
    @amiexpo 10 ปีที่แล้ว +2

    Hi Chris when is our next video coming thx

  • @mm22sapphire50
    @mm22sapphire50 8 ปีที่แล้ว

    is it possible for me to do a dependent variable equal to value of mergers and acquisitions and make independent variables as number of transactions and number of companies and economic growth ?

  • @leneisaparks2543
    @leneisaparks2543 5 ปีที่แล้ว

    Thankkk youuuu!

  • @KeynesAcademy
    @KeynesAcademy  11 ปีที่แล้ว

    Hey, this is Chris from Keynes Academy! Have you enrolled in an econometrics class? Join your classmates and stay ahead of the curve by subscribing! All questions and feedback are welcome -- Please comment, message or e-mail us your thoughts!

  • @ardubey
    @ardubey 5 ปีที่แล้ว

    Well Explained

  • @junetongliu9640
    @junetongliu9640 5 ปีที่แล้ว +2

    Wow I love his voice !

  • @TheVoltman1
    @TheVoltman1 11 ปีที่แล้ว

    How many videos will you guys be uploading?

  • @alinabexariyeva6206
    @alinabexariyeva6206 2 ปีที่แล้ว +2

    Thank you, where is new video?

  • @Hey_Seuss_is_no_DeusExMachina
    @Hey_Seuss_is_no_DeusExMachina 5 หลายเดือนก่อน +1

    I love watching kids explain as much as they can about challenging subjects in order to develop their own understanding. Nice work! You’ll catch on to more concepts and economic storytelling once you start writing in R and SAS!

  • @supersaiyan4530
    @supersaiyan4530 8 ปีที่แล้ว +2

    i have no idea of what my professor says in the class omg he's the worst. thank you for making this, so much help!

  • @vijispathshala6595
    @vijispathshala6595 2 ปีที่แล้ว

    Very informative video

  • @otabekimamov5632
    @otabekimamov5632 6 ปีที่แล้ว

    thank you bro!

  • @kathrynrobinson9026
    @kathrynrobinson9026 6 ปีที่แล้ว

    anyone know what kind of software KA uses to make these vids?

  • @ludoday9414
    @ludoday9414 5 ปีที่แล้ว

    Wow thank you very much

  • @dewiandriyani5340
    @dewiandriyani5340 8 ปีที่แล้ว +3

    very helpful :), I study econometrics on my graduate program of public policy now

  • @ChineloSophiaEzenwa
    @ChineloSophiaEzenwa 5 ปีที่แล้ว

    Thank you so much

  • @ambarzahara6121
    @ambarzahara6121 7 ปีที่แล้ว

    Superb

  • @goalupdate2157
    @goalupdate2157 8 ปีที่แล้ว +2

    what is the software and hardware to make a tutorial like this?

    • @dailycode2364
      @dailycode2364 7 ปีที่แล้ว +2

      I think that he is using a graphic tablet, which is designed for graphic designers and photoshop and recording videos with bandicam or something...
      or he might be using just a regular tablet with android or smth and recording video with android app...

  • @narenthiran2009
    @narenthiran2009 11 ปีที่แล้ว

    thanks you so much

  • @sekyereotabil7929
    @sekyereotabil7929 4 หลายเดือนก่อน

    I pray this video will make Econometrics easier for me

  • @White9Zombie
    @White9Zombie 11 ปีที่แล้ว +1

    AAAAAAAAAAAA!!! I neeeed sooooo much help!!! i have an exam of 5th of july and if i fail i have to do this year again since i'm final year!!!

  • @daisyjaiswal9720
    @daisyjaiswal9720 6 ปีที่แล้ว

    I've doubt.. if u is under the regression line it is negative but what if u is above the line..?

  • @annefrank7820
    @annefrank7820 7 ปีที่แล้ว

    anyone know the name of the song at the end?

  • @waleedkakar3309
    @waleedkakar3309 ปีที่แล้ว

    can you make more videos please so we can understand and pass this course

  • @jameschatchuka1239
    @jameschatchuka1239 8 ปีที่แล้ว

    Can you please do more of these videos

  • @siciidjaamacdalmar4578
    @siciidjaamacdalmar4578 7 ปีที่แล้ว

    good lesson

  • @onlinelearningbyhafsahussa2656
    @onlinelearningbyhafsahussa2656 4 ปีที่แล้ว

    Nice video

  • @md.almahmudmunna2988
    @md.almahmudmunna2988 5 ปีที่แล้ว

    You saved me, I never understand what my lecturer teaches

  • @sitotawassefa1290
    @sitotawassefa1290 4 ปีที่แล้ว

    Thanks for you best lecher system ,I flow you