uwloo

ECON 323Econometric Analysis 2

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

This course covers the most important methods used in applied economics research beyond the least-squares estimator. It starts by exploring solutions to the endogeneity problem in detail, emphasizing proper ways of conducting causal inference. It extends the methods covered in ECON 322 to the case in which the data are observed over time. Students will learn how to estimate and interpret dynamic models and how these models affect our ability to do inference. The course also covers methods for data in which the response variable is either qualitative, with or without multiple levels, or count data. For that purpose, it introduces students to maximum likelihood estimation, and the estimation of models by probit, logit, and Poisson regressions. Assignments have the same data-based focus as in ECON 322.

Prerequisites

  • Must have completed at least 1 of the following:
    • CHE225 - Design of Experiments for Process Improvement (0.50)
    • ECE307 - Probability Theory and Statistics 2 (0.50)
    • ECON322 - Econometric Analysis 1 (0.50)
    • MSE253 - Probability and Statistics 2 (0.50)
    • STAT206 - Statistics for Software Engineering (0.50)
    • STAT221 - Statistics (Non-Specialist Level) (0.50)
    • STAT231 - Statistics (0.50)
    • STAT241 - Statistics (Advanced Level) (0.50)
    • SYDE334 - Applied Statistics (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 001347159 / 84MW 16:00–17:20
TUT 101349632 / 42W 11:30–12:20
TUT 102349727 / 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 00133690 / 110MW 11:30–12:50
LEC 701128350 / 9999Online or by arrangement
TUT 10133780 / 37W 13:30–14:20
TUT 10233790 / 37W 14:30–15:20
TUT 10338520 / 36W 15:30–16:20

Reviewed on UW Flow

38% liked it34% easy89% useful

From 13 ratings and 7 comments on UW Flow. The most helpful comments, quoted as written, without names. Read them all on UW Flow.

  • one of the more difficult core econ classes. definitely go to every lecture cuz the prof drops hints about whats gonna be on midterms/finals albeit they arent too crazy. one of those courses that you have to read all the notes and brute force them into your brain. very easy to pass but more difficult to get 80%+ in

    May 2025 · liked it · 1 found this helpfulOn UW FlowRemove this

  • Taught by Emma Pierard. The marking in this class was terrible. The TA (Terry) wouldn't even give partial marks on midterms if your process was correct but the final answer was incorrect. The assignments were graded on a 0-1 basis. So basically, if you made a single mistake on 10 pages of R code, you would get a 0. Class average for the first midterm was 30%. This is one of those courses where you will need to make some smart friends if you want to do well.

    Dec 2024 · didn’t like it · 1 found this helpfulOn UW FlowRemove this

  • The aforementioned TA in the previous post responding here as a student! The course is not difficult if you attend every class and tutorial, as well as go through Professor Pierard’s notes. That is what a third-year student should be doing. It is not hard to do well on assignments when the code is given to you in tutorials, and all you need to do is change a few variables. Emma clearly knows what she is doing and cares about the class doing well.
    As for the previous review mentioning my grading, there are clear exaggerations and falsities. Firstly, the average of the first midterm was not 30% - maybe that is why you performed poorly in the course; you can’t correctly round to 40%.…

    Dec 2024 · liked itOn UW FlowRemove this

  • Emma's teaching approach heavily emphasizes pure statistical theory with less focus on practical econometric application. Depending on your interests, this may or may not align with your expectations.
    I found the exams sometimes include unusual economic assumptions that are not explicitly stated in the questions. The assignments generally seemed to reward perfect replication of the TA's code - as suggested during tutorials - over independent analysis.
    For those interested in a teaching style that encourages critical thinking over textbook regurgitation, you may find that this course does not align well with your educational goals.

    Apr 2024 · didn’t like itOn UW FlowRemove this

  • Honestly, didn't think it was too hard as long as you went to class consistently. It was pretty clear what would be tested, and it wasn't a lot of math. For example, there wasn't any derivation, but a lot of explanation and reasoning. The panel section went very fast

    Apr 2024 · liked itOn UW FlowRemove this

Discussed on r/uwaterloo

34 posts and comments in 33 threads mention ECON 323, November 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.

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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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

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

Winter 2022

ECON 323 Online adviceee? 0 points, 0 comments

u/shortgal27: “Those who took Econ 323 online, any advice or general tips for the final exams? We have been doing R code assignments so far but the final apparently will not have any R coding, so I'm not sure what to expect.”

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Fall 2021

Cm+stat course list 5 points, 4 comments

“Hi, I'm a 2A student and I'm wondering to declare my major as Cm and Stat. I'm confused about the choice of courses because I want to make sure I finish it in 40 courses. …”

u/hctiBknirD: “… One of the requirements for CM is 3 econ/science/eng courses, I am considering taking ECON 322 and 323 in 4A and 4B as they seem like they would be easy for a stat major. …”

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Winter 2021

Fall 2020

Winter 2020

UW ECON students 16 points, 2 comments

u/YukiS_: “This is a TA John Baker appreciation post. For me and my friends, we'd like to thank you for your service in ECON211 and ECON 323. And I'm sure whichever courses you have/will TA in, we appreciate you. Sincerely, Many econ students”

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Check it elsewhere for Fall 2026

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