AI Tutor-Enabled Self-Paced Professional Course Book
Run, read and defend regressions with confidence, from simple OLS to panel data.
Applied Econometrics is a self-paced course book for students and analysts who need to estimate and interpret economic relationships with data. You will move from the classical linear regression model to inference, specification problems, instrumental variables, panel data and time series, applying each method in Stata, R or Python.
Is this you?
You can run a regression but struggle to interpret the output
Hypothesis tests and p-values feel mechanical
You are unsure when OLS assumptions fail
Endogeneity and instrumental variables are confusing
Panel and time series data need different tools
Your dissertation needs a defensible empirical chapter
This course book is built to close exactly that gap: clear explanations, worked practice and an AI tutor that guides you instead of just giving answers.
Learn
Practise
Check with your AI Tutor
Build projects
Get assessed
What you’ll learn in 10 practical modules
01Review of Statistics for EconometricsRefresh the probability and statistics econometrics builds on.
Key concepts
Random variables and distributions
Estimators and sampling distributions
Hypothesis testing
Sample practice
Compute a 95% confidence interval for a mean
Explain bias versus variance
02Simple Linear RegressionEstimate and interpret a two-variable model.
Key concepts
OLS estimation
Interpretation of slope and intercept
R-squared
Sample practice
Interpret β̂₁ in wage = β₀ + β₁·education
Explain what R² does and does not tell you
03Multiple RegressionControl for several factors at once.
Key concepts
Ceteris paribus interpretation
Omitted variable bias
Multicollinearity
Sample practice
Predict the bias from omitting ability in a wage equation
Interpret coefficients with a dummy variable
04Inference in RegressionTest hypotheses about coefficients.
Key concepts
t-tests and confidence intervals
F-tests for joint hypotheses
Robust standard errors
Sample practice
Test H₀: β₁=0 at 5%
Test whether two coefficients are jointly zero
05Functional Form and SpecificationChoose the right model shape.
Key concepts
Logs, quadratics and interactions
Dummy variables
Specification tests
Sample practice
Interpret a log-log coefficient
Interpret an interaction between female and education
06Heteroskedasticity and AutocorrelationDetect and fix violated assumptions.
Key concepts
Breusch–Pagan and White tests
Robust and clustered standard errors
Serial correlation
Sample practice
Test for heteroskedasticity in a housing model
Explain when to cluster standard errors
07Endogeneity and Instrumental VariablesEstimate causal effects when OLS is biased.
Key concepts
Sources of endogeneity
IV and two-stage least squares
Instrument relevance and validity
Sample practice
Explain why distance to college can instrument education
Interpret a first-stage F-statistic
08Binary Outcome ModelsModel yes/no outcomes.
Key concepts
Linear probability model
Logit and probit
Marginal effects
Sample practice
Interpret a marginal effect in a labour force participation probit
Compare LPM and logit predictions
09Panel Data MethodsUse data that follows units over time.
Key concepts
Pooled OLS
Fixed effects
Random effects and the Hausman test
Sample practice
Explain what fixed effects remove
Interpret a Hausman test result
10Time Series EconometricsModel data collected over time.
Key concepts
Stationarity and unit roots
Autoregressive and distributed lag models
Cointegration basics
Sample practice
Interpret an ADF test
Explain spurious regression
Use AI as your personal tutor, not an answer machine
The course book includes ready-to-use prompts for ChatGPT, Copilot, Gemini or any capable AI assistant. Each mode makes the AI teach, guide, check or challenge you, so you build real understanding.
1TEACH ME
Explain [topic] in Applied Econometrics to me step by step at a [beginner / intermediate / advanced] level. Use a simple example first, then a harder one, and ask me a question to check I understood.
2GUIDE ME
I am working on this problem: [paste problem]. Do not give me the answer. Give me one hint at a time and wait for my next step.
3CHECK MY WORK
Here is my solution: [paste working]. Check each step, tell me exactly where any mistake is and why, but let me correct it myself.
4CHALLENGE ME
Give me three exam-style Applied Econometrics questions on [topic], getting harder each time. Wait for my answers, then mark them and explain what I missed.
5HELP ME APPLY IT
Show me how [topic] from Applied Econometrics is used in a real situation, then give me a small task to try it myself.
Verify before you trust
Ask a clear, specific question
Solve it yourself first
Test the answer by substituting or estimating
Check it against the worked examples in the book
Validate with your teacher if the AI and the book disagree
Don’t just study it. Build evidence you can show.
Project 1
Wage Equation Study
Estimate returns to education with controls and interpret the results.
Project 2
Housing Price Model
Build and test a hedonic price regression.
Project 3
Policy Evaluation with IV
Estimate a causal effect with an instrument and discuss validity.
Project 4
Panel Data Investigation
Use fixed effects on country or firm panel data.
Final capstone
Empirical Research Paper
Write a short empirical paper: question, data, model, results, robustness checks and conclusions.
Who this course book is for
Undergraduate economics students
Master’s and PhD students
Students writing a quantitative dissertation
Policy and research analysts
Finance and business analysts
Self-learners in data science
Where these skills lead
Economic research
Policy analysis
Data science
Consulting
Banking and finance
Academia
The course builds skills and evidence; it does not guarantee employment or exam results.
What you receive
10 progressive learning modules
Learning objectives, key concepts and practice problems
Ready-to-use AI Tutor prompts for five learning modes
Practical projects and a capstone
Portfolio guide, assessment rubric and completion checklist
Instant download and lifetime access in My Courses
Format
Digital course book (PDF)
Learning mode
Self-paced + AI Tutor
Level
Intermediate → Advanced
Study time
About 45 hours
Created by
NoteStore Academy
Certificate
Optional project and portfolio assessment
Licence
Personal learning use
Updated
November 2, 2026
Certificate pathway
Want a certificate? Submit your work for optional assessment by NoteStore Academy. Certificates reflect demonstrated work, so they are not issued automatically with purchase.
Module practice work20%
Projects 1–440%
Capstone project30%
Portfolio and reflection10%
Frequently asked questions
Which software does it use?
Examples are explained conceptually and shown with Stata, R or Python commands, so you can use whichever your course requires.
Do I need strong maths?
Basic algebra and introductory statistics are enough. Matrix algebra is optional and explained where it appears.
Will it help with my dissertation?
Yes. The capstone follows the structure of an empirical dissertation chapter.
Is it for beginners?
It suits students who have taken introductory statistics. Module 1 reviews what you need.
How do I get the course book after paying?
Your download link appears on the order confirmation page straight away, is emailed to you, and stays in My Courses in your account.
Which AI assistant can I use?
Any capable assistant works, such as ChatGPT, Microsoft Copilot or Google Gemini. The prompts are written to work with all of them.
Start today
Applied Econometrics: Regression Analysis with Real Data
Self-paced, AI Tutor-enabled and project-based. Download instantly after payment and keep it in My Courses.
$29.00Original price was: $29.00.$16.00Current price is: $16.00.