Role of Econometrics Modern Economic Research Strategy: Data collection and summary of empirical stylized facts Development of economic theories/models Empirical verification of economic models Application (structural analysis,test, forecast,policy recommendation) Econometrics 15-Zhuxi 8Econometrics 15 - Zhuxi 8 Role of Econometrics Modern Economic Research Strategy: Data collection and summary of empirical stylized facts Development of economic theories/models Empirical verification of economic models Application (structural analysis, test, forecast, policy recommendation)