2013•The Journal of Economic EducationRequires access

Econometrics as a Capstone Course in Economics

Christopher C. Klein

Abstract

The author describes an econometrics capstone course design at a large public university that offers economics degrees in both business (BBA) and liberal arts (BS). The goal of the capstone is to provide a research experience similar to those in the honors college but on the smaller scale of a one-semester course. The revisions for converting an existing course to a capstone, the student activities adopted, and sample outcomes are addressed. The hurdles overcome within the respective colleges in order to create a capstone course are discussed. Summaries of several student projects as well as publication of faculty-mentored student research papers illustrate the viability of econometrics as a capstone course for institutions unable to establish a stand-alone research course for that purpose.

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Key concepts: Capstone, Capstone course, Liberal arts education, Course (navigation), Mathematics education, Undergraduate research, Sample (material), Order (exchange)