The document outlines the agenda for the first week of an economic modelling course. It includes an icebreaker for students to introduce themselves and discuss their goals for the course. It then provides study tips, such as knowing how to read output, understanding significance tests which are important for the final exam and group assignment, staying organized, and forming study groups. Finally, it previews the assessments and introduces the topic of simple linear regression, explaining the line of best fit, variables, expected relationship between variables, and conducting tests of significance.

1. PASS AGENDA – ECONOMIC MODELLING (WEEK 1)
1. Ice breaker (20 min max)
a. Introduce yourself
b. Did you do Statistics for Business or Introduction to Economic
Methods? When was the last time you did either of them?
c. What do you want to get out of Pass?
2. Study tips for the semester
a. Know how to read the output
b. Know your tests for significance (this is 50% of your final, and
pretty much your group assignment!)
c. Be organised. Try to keep on top of things e.g. Reading ahead on
the next topic covered in lectures – things will move REALLY fast
for this subject and the last thing you want to do is fall behind
d. Economic Modelling is about applying your common sense (if X
increases, do you think Y should increase or decrease?)
e. Form study groups
3. Look at assessments in the learning guide
a. Midsem
b. Group assignment
c. Final
4. Simple Linear Regression (35 min)
a. OLS – “The line of best fit” (Draw diagram and label errors)
b. Labelling the variables
c. Knowing expected signs
d. Explain the slope and intercept
e. What is ?
f. Conduct the test for individual significance to see if X is significant
to explaining Y.