Fall 2014 - 62850 - PA397 - Introduction to Empirical Methods for Policy Analysis
|Instructor(s):|| Stolp, Chandler
|Day & Time:||W 9:00 am -12:00 pm|
|Waitlist Information:||For LBJ Students: UT Waitlist Information|
This course helps students develop an understanding of how basic quantitative tools are used in policy analysis. The major concepts discussed include modeling, optimization, sensitivity analysis, statistical inference, estimation, and prediction. These concepts are covered in the context of applications such as constrained decisionmaking based on calculus and on linear programming; policy choices with probabilistic information; evaluating and updating information with Bayesian techniques; estimating the impact of policy factors using regression models; and practical methods for forecasting. As the first course in the quantitative sequence, the emphasis is on broad exposure of techniques and appreciation of their contributions as well as their limitations in policymaking. Students must have fulfilled prerequisites in college-level algebra, calculus, and statistics before enrolling in this course. It is usually taken during the fall semester of the first year.