Econometrics // Lecture 1: Introduction

This syllabus provides an overview of the contents of the course "The Philosophy and Methodology of Economics" at the Duke University

The sum of squares and degree of freedom calculation from the previous videos are put into a ratio to calculate the F Value, on whose basis the null hypothesis is confirmed or rejected. If variance is higher between samples than within the null hypothesis is more likely to be rejected. The results of a numerical example are interpreted more abstractly and then tested with regards to a confidence interval and the corresponding F table.

Steve Keen discusses DSGE modeling and microfoundations by asking the question if it is ideologically possible to derive macroeconomics from microeconomics.

Die sozial-ökologische Krisen unserer Zeit machen deutlich: Suffizienz als Schlüsselprinzip politischen Handelns ist notwendig. Jedoch sind die Auswirkungen tiefgreifender Suffizienzpolitik auf unsere Ökonomie bisher zu wenig verstanden.