ECON 491

Fall 2026 Part of Term 1

Part of Term 1
Aug 24-Dec 9

Credit: 3 OR 4 hours.

Special topics applying advanced econometrics concepts. Students will use quantitative analysis and economic theories to answer economic questions and uncover relationships between variables across a variety of topics; instruction in statistical and computing techniques as needed.

3 undergraduate hours. 4 graduate hours. May be repeated if topics vary, repeatability for undergraduate students unlimited; for graduate students to a maximum of 8 credit hours. Prerequisite: ECON 203; ECON 302; and MATH 220/MATH 221 or Calculus I equivalent. See Class Schedule for other prerequisites as indicated depending on topic and content.

ECON 491 class schedule data for fall 2026
Status CRN Type Section Time Day Location Instructor Section Details
4
77796
Lecture-Discussion
A3
2:00PM -3:20PM
TR
120 Architecture Building
Shea, J
Availability:
CrossListOpen (Restricted)
Part of Term:
1
Date Range:
08/24/26-12/09/26
Credit:
3 hours
Section Title:
INTERMEDIATE ECONOMETRICS
Section Info:
NO CREDIT FOR THIS COURSE IF YOU TOOK ECON 471 BEFORE SP25, EXCEPT FOR GRADE REPLACEMENT. FIELD: Econometrics. DESCRIPTION for Intermediate Econometrics: This course is designed to provide students with the essential data analysis skills required to be competitive in the labor market in the new age of AI and is a foundation for advanced 400-level courses including (but not limited to) causal inference, machine learning, forecasting, policy analysis, and financial econometrics. RESTRICTION INFO: https://go.economics.illinois.edu/FallRestrictions
Restriction(s):
Restricted to Economics or Industrial Engineering or Mathematics or Actuarial Science or Econometrics & Quant Econ or Computer Science & Economics major(s) or minor(s).
5
77797
Lecture-Discussion
A4
2:00PM -3:20PM
TR
120 Architecture Building
Shea, J
Availability:
Closed
Part of Term:
1
Date Range:
08/24/26-12/09/26
Special Approval:
Departmental Approval Required
Credit:
4 hours
Section Title:
INTERMEDIATE ECONOMETRICS
Section Info:
Graduate credit requires additional work beyond the undergraduate requirements for this course. Contact instructor for details as soon as instruction begins. See the 3-credit section of this title for course description.
Restriction(s):
Restricted to Graduate - Urbana-Champaign.
3
81258
Lecture-Discussion
B3
12:30PM -1:50PM
MW
317 David Kinley Hall
Samiahulin, A
Availability:
Open (Restricted)
Part of Term:
1
Date Range:
08/24/26-12/09/26
Credit:
3 hours
Section Title:
ADVANCED DATA ANALYTICS
Section Info:
FIELD: Econometrics. DESCRIPTION for ADVANCED DATA ANALYTICS. This course explores flexible, data-driven approaches for uncovering complex patterns and relationships in data. Students will learn both how to analyze data in real-world contexts and the ideas that guide these methods. Key topics include nonparametric estimation methods such as kernel density estimation and local polynomial regression, resampling techniques such as the bootstrap, and applications to causal inference. A background in calculus/linear algebra and some familiarity with R are recommended. RESTRICTION INFO: https://go.economics.illinois.edu/FallRestrictions
Restriction(s):
Restricted to Economics or Econometrics & Quant Econ or Computer Science & Economics major(s) or minor(s).
4
78399
Lecture-Discussion
C3
11:00AM -12:20PM
MW
317 David Kinley Hall
Cunha Medeiros, M
Availability:
CrossListOpen (Restricted)
Part of Term:
1
Date Range:
08/24/26-12/09/26
Credit:
3 hours
Section Title:
INTRO TO ECONOMETRICS OF AI
Section Info:
FIELD: Econometrics. DESCRIPTION INTRO TO ECONOMETRICS OF AI: This course aims to present students with modern tools for natural language processing and artificial intelligence, and their use in economics and finance. Topics will include: Dictionary models, topic models, neural networks and modern NLP, sentiment analysis, creation of indexes for economic sentiment, large language models (LLM), and economic AI agents. PREREQUISITES: Econ 471 or 491 with the title Intermediate Econometrics, and Econ 491, Applied Machine Learning; Strongly Recommended Linear Algebra (Math 225/227/257/415/416). RESTRICTION INFO: https://go.economics.illinois.edu/SpringRestrictions
Restriction(s):
Restricted to Economics or Econometrics & Quant Econ or Computer Science & Economics major(s) or minor(s).
5
78400
Lecture-Discussion
C4
11:00AM -12:20PM
MW
317 David Kinley Hall
Cunha Medeiros, M
Availability:
Closed
Part of Term:
1
Date Range:
08/24/26-12/09/26
Special Approval:
Advisor Approval Required
Credit:
4 hours
Section Title:
INTRO TO ECONOMETRICS OF AI
Section Info:
Graduate credit requires additional work beyond the undergraduate requirements for this course. Contact instructor for details as soon as instruction begins. See the 3-credit hour section of this title for course description.
Restriction(s):
Restricted to MS:Economics:Policy Econ -UIUC.
4
77798
Lecture-Discussion
D3
12:30PM -1:50PM
MW
130 Wohlers Hall
Creal, D
Availability:
CrossListOpen (Restricted)
Part of Term:
1
Date Range:
08/24/26-12/09/26
Credit:
3 hours
Section Title:
BAYESIAN MACHINE LEARNING
Section Info:
FIELD: Econometrics. DESCRIPTION for Machine Learning: Coming Soon. m. PREREQUISITES: Math 231. Linear Algebra is recommended. RESTRICTION INFO: https://go.economics.illinois.edu/FallRestrictions
Restriction(s):
Restricted to Economics or Econometrics & Quant Econ or Computer Science & Economics major(s) or minor(s).
5
77799
Lecture-Discussion
D4
12:30PM -1:50PM
MW
130 Wohlers Hall
Creal, D
Availability:
Closed
Part of Term:
1
Date Range:
08/24/26-12/09/26
Special Approval:
Advisor Approval Required
Credit:
4 hours
Section Title:
BAYESIAN MACHINE LEARNING
Section Info:
Graduate credit requires additional work beyond the undergraduate requirements for this course. Contact instructor for details as soon as instruction begins. See the 3-credit section of this title for course description.
Restriction(s):
Restricted to MS:Economics:Policy Econ -UIUC.
4
78397
Lecture-Discussion
E3
9:30AM -10:50AM
TR
317 David Kinley Hall
Bilias, Y
Availability:
CrossListOpen (Restricted)
Part of Term:
1
Date Range:
08/24/26-12/09/26
Credit:
3 hours
Section Title:
APPLIED MACHINE LEARNING: ECON
Section Info:
FIELD: Econometrics. DESCRIPTION for Applied Machine Learning, Econ: Students will gain exposure to a variety of machine learning approaches for supervised and unsupervised learning. Topics include regularized approaches like lasso and ridge regression, trees, boosting, support vector machines, cluster analysis, and predictive assessment using cross validation. Emphasis is given on applications with the use of a programming language like R or Python. This course is not intended for Computer Science + Econ majors. RESTRICTION INFO: https://go.economics.illinois.edu/FallRestrictions
Restriction(s):
Restricted to Economics or Econometrics & Quant Econ major(s) or minor(s).
5
78398
Lecture-Discussion
E4
9:30AM -10:50AM
TR
317 David Kinley Hall
Bilias, Y
Availability:
Closed
Part of Term:
1
Date Range:
08/24/26-12/09/26
Special Approval:
Departmental Approval Required
Credit:
4 hours
Section Title:
APPLIED MACHINE LEARNING: ECON
Section Info:
Graduate credit requires additional work beyond the undergraduate requirements for this course. Contact instructor for details as soon as instruction begins. See the 3-credit section of this title for course description.
Restriction(s):
Restricted to MS:Economics:Policy Econ -UIUC.
5
78463
Lecture-Discussion
F3
11:00AM -12:20PM
MW
110 Inst Gov & Public Affairs Bldg
Alonso Fontes, D
Availability:
Closed
Part of Term:
1
Date Range:
08/24/26-12/09/26
Credit:
3 hours
Section Title:
DATA ANALYSIS: PROBLEM SOLVING
Section Info:
FIELD: Econometrics. DESCRIPTION for Data Analysis for Problem Solving: Students in this course will work in groups to organize and analyze a data set, develop models, solve problems, and present results. Classes will alternate discussions about each step of the process with computer lab work. This class focuses on the process, rather than the results, of data analysis and problem-solving. Participation and presentations will be part of the graded work. REQUIRED PREREQUISITES: Econ 203 and practical experience with R or Python.
Restriction(s):
Restricted to Economics or Econometrics & Quant Econ or Computer Science & Economics major(s) or minor(s).
5
78464
Lecture-Discussion
F4
11:00AM -12:20PM
MW
110 Inst Gov & Public Affairs Bldg
Alonso Fontes, D
Availability:
Closed
Part of Term:
1
Date Range:
08/24/26-12/09/26
Special Approval:
Advisor Approval Required
Credit:
4 hours
Section Title:
DATA ANALYSIS: PROBLEM SOLVING
Section Info:
Graduate credit requires an additional paper or project beyond the undergraduate requirements for this course. Contact instructor for details as soon as instruction begins. See the 3-credit section of this title for course description. REQUIRED PREREQUISITES: Econ 503 (MSPE students) or Econ 203 (undergraduate students) and practical experience with R or Python. MSPE students without Econ 503 credit and undergraduate students without Econ 203 or equivalent credit will be removed from this course
Restriction(s):
Restricted to MS:Economics:Policy Econ -UIUC.
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