uwloo

ECON 322Econometric Analysis 1

Units
0.50
Faculty
Arts
Subject
Economics

When it runs

  1. F24
  2. W25
  3. S25
  4. F25
  5. W26
  6. S26
  7. F26
  8. W27
  9. S27

Ran in 7 of the last 7 terms. Winter 2027: scheduled, 2 lecture sections. Spring 2027: schedule not out yet.

This course covers the core topics needed to estimate linear models using ordinary least squares and to interpret estimates for cross-sectional data. Students will learn to interpret the coefficients of linear models for continuous and discrete regressors, to conduct reliable inference for different specifications of the error term, and to determine which model is the most suitable among the class of linear models. Students will be introduced to a statistical software package and will be required to complete regular computer-based assignments throughout the course using economic data.

Prerequisites

  • Must have completed at least 1 of the following:
    • AE224 - Probability and Statistics (0.50)
    • AFM113 - Analytic Methods for Business 2 (0.50)
    • ARTS280 - Statistics for Arts Students (0.50)
    • BME213 - Statistics and Experimental Design (0.50)
    • CHE220 - Probability and Statistics (0.50)
    • CIVE224 - Probability and Statistics (0.50)
    • ECE203 - Probability Theory and Statistics 1 (0.50)
    • ECON221 - Statistics for Economists (0.50)
    • ENVE224 - Probability and Statistics (0.50)
    • GEOE224 - Probability and Statistics (0.50)
    • LS280 - Social Statistics (0.50)
    • ME202 - Statistics for Engineers (0.50)
    • MSE251 - Probability and Statistics 1 (0.50)
    • NE215 - Probability and Statistics (0.50)
    • PSCI314 - Quantitative Analysis (0.50)
    • PSYCH292 - Basic Data Analysis (0.50)
    • SDS250R - Social Statistics (0.50)
    • SOC280 - Social Statistics (0.50)
    • SRF230 - Introduction to Statistics (0.50)
    • STAT202 - Introductory Statistics for Scientists (0.50)
    • STAT206 - Statistics for Software Engineering (0.50)
    • STAT211 - Introductory Statistics and Sampling for Accounting (0.50)
    • STAT220 - Probability (Non-Specialist Level) (0.50)
    • STAT230 - Probability (0.50)
    • STAT240 - Probability (Advanced Level) (0.50)
    • SYDE212 - Probability, Statistics, and Data Science (0.50)

Antirequisites

None listed.

Leads to

Fall 2026 sections

Enrolment from UW Open Data, which can trail Quest by up to two days. Instructors and rooms: Schedule of Classes.
SectionClassEnrolledMeets
LEC 001346964 / 84MW 08:30–09:50
TUT 101347042 / 42W 11:30–12:20
TUT 102374622 / 42W 12:30–13:20

Winter 2027 sections

Enrolment from UW Open Data, which can trail Quest by up to two days. Instructors and rooms: Schedule of Classes.
SectionClassEnrolledMeets
LEC 00133660 / 85TTh 08:30–09:50
LEC 701128246 / 9999Online or by arrangement
TUT 10133670 / 43W 11:30–12:20
TUT 10233680 / 42W 12:30–13:20

Reviewed on UW Flow

57% liked it52% easy88% useful

From 21 ratings and 10 comments on UW Flow. The most helpful comments, quoted as written, without names. Read them all on UW Flow.

  • To do well in this course, you need to understand some key concepts: omitted variable bias, interpreting coefficients, multi-collinearity, economical and statistical significance, Oaxaca decomposition, and model specifications. The midterm was tough, with an average score around 50%. But adjustments were made to weigh the final more heavily, so the overall course average ended up around 75%, with a few students scoring a perfect 100%. Understanding these core concepts is crucial, but watch out for trickier topics that might come up on tests. The professor kept things engaging, though attendance was low. Class time focused on practice problems, so be sure to watch lecture videos beforehand…

    May 2024 · liked it · 1 found this helpfulOn UW FlowRemove this

  • If you have this course with Andres, prepare to teach yourself most of the content outside of class time. The slideshows he goes over in class are all theory-based, while all the graded work for the class will be application-based. There were no practice questions provided apart from the practice midterm about a week before the test date, which (other than the 1 or 2 examples in the slides) was the first time being exposed to the level of difficulty and style of questions that he expected us to know how to do. You also need to make sure you not only know how to do the exact style of questions that he is now providing, but also make sure that you know how to do them as quickly and accurately…

    Sep 2026 · didn’t like itOn UW FlowRemove this

  • Not too difficult of a course if you have some background in statistics. Although the slides and video lectures contained a lot of math, the exams focused more on bigger picture ideas and interpretations.

    Apr 2024 · liked itOn UW FlowRemove this

  • Not particularly hard or rigorous, mostly was just hypothesis testing in different forms. Doesn't veer away from LS estimation, except a short foray into linear probability models and logit/probit. A good intro course though I think, helps set up the knowledge for Econ 323 and Econ 421

    Apr 2024 · liked itOn UW FlowRemove this

  • very hard course

    Mar 2024 · didn’t like itOn UW FlowRemove this

Discussed on r/uwaterloo

75 posts and comments in 63 threads mention ECON 322, August 2016 to December 2024. Quoted word for word, newest first; each reply sits under the post and the comment that started its branch. Search r/uwaterloo for newer posts.

Fall 2024

ECON 322 5 points, 4 comments

u/confused1bstudent: “What do you actually do in this course? From the course description, it looks like another stupid stats course to me. I'm looking for a 3XX econ course (preferably a math-heavy one) to fill out non-math depth requirements for CS, and I have taken ECON 101 and 102 so far.”

u/toc_8: “Econ 322 is a very good introduction to statistical software and focuses very heavily on application of stats knowledge for experiment design as well as ways to properly design statistical models. …”

u/Striking-Setting-560: “How was Econ 322? Planning to take it for depth as well.”

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Spring 2024

Question for upper year afm students 4 points, 1 comment

“Going into 3A in the fall, I've heard that most people go into the CPA specialization but are there others that take another path?”

u/richard--b: “… analytics, such as econometrics and math (outside of the econometrics in AFM, i did econ 322/323/421, and i did calc 1/2, and lin alg 1/2). i'm going to grad school in the fall to study econometrics, planning on specializing in quantitative finance. …”

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Winter 2024

Fall 2023

AFM or Econ? 1 point, 2 comments

“I need to pick a subject to depth for my major requirement. I like to think of myself as a math kid and struggle with any humanities course. …”

u/Limp_Payment_4101: “ECON 322, ECON 323, ECON 424 if you are a math kid”

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Spring 2023

ECON 211 1 point, 19 comments

“Hi, I am ARBUS student pursuing an ECON major which requires me to take ECON 211. I heard from my advisor that this a tough course and considering I am mediocre at math what would you recommend me …”

u/Low-monthly-payments: “Honestly, don't major in Econ if math is your weakness, unless you are prepared to work really hard. Econ 211 and 221 are the 2 second year math courses. …”

u/richard--b: “Also I saw in another comment you mentioned you don’t think 300 level econometrics is good enough prep for grad level, do you think they’re good enough prep for the 400 level though? or do you recommend i do some self preparation. I just finished econ 322, taking 323 in the fall.”

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Failed a course! Need advice 6 points, 6 comments

“Hey warriors, So I failed a course and got a 47 which is extremely close to 50 to pass. I wanted to know what can I do to get to 50. It would suck a lot to fail this hard course just by 3 marks. …”

u/SellParking: “If you failed ECON 211, which is math for Econ if I remembered correctly, you will most likely fail ECON 322 and 323, which are required and math heavy Econometrics courses. They are very difficult. That’s if you didn’t fail ECON 221 along the way, which is Stat for Econ. …”

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Fall 2022

Spring 2022

Check it elsewhere for Fall 2026

Calendar versions

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