UNIVERSITY OF ALBERTA 
ECON 493: Economic Forecasting 
Comprehensive Study & Exam Preparation Guide 2026 
 
- Part 01: Revision Notes 
- Part 02: Practice Examination Paper 
- Part 03: Detailed Solutions to Practice Exam 
- Part 04: Exam Strategies and Tips 
 
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University of Alberta - ECON 493: Economic Forecasting

C$25.00

ACADEMIC YEAR 2025 - 2026

University	University of Alberta
Study Level	Undergraduate
Course Code	ECON 493
Course Name	Economic Forecasting
Notes Title	Comprehensive Study and Exam Preparation Guide
Format	PDF
Page Length	71

This comprehensive study guide is designed for students enrolled in ECON 493: Economic Forecasting at the University of Alberta. It offers extensive coverage of all assessments throughout the course. Whether you are preparing for your assignments or the crucial midterm exam, this guide provides vital exam techniques and focuses on core questions relevant to your academic success. It features clear diagrams to enhance understanding and retention. This self-study resource is updated to reflect the latest course content, ensuring you are fully prepared for all academic evaluations.

ECON 493: Economic Forecasting, offered by the University of Alberta's Faculty of Arts, is a 3-unit course focused on methods for modeling and forecasting economic data. The course covers a range of topics including regression models, cross-validation, machine learning methods, classification, predictive analytics, and time series forecasting. Prerequisites include ECON 109 and 399 or their equivalents.

On completion of the course, you should be able to:

Learn the basics of R, including data cleaning and plotting.
Understand and apply regression models for prediction.
Use multiple regressors and handle Big Data for predictive analysis.
Forecast using time series data.
Develop and use time series regression models.
Implement ARMA models for forecasting.
Handle and forecast with non-stationary data.
Apply seasonal ARIMA models for improved forecasting.
Utilize dynamic regression models for complex forecasting.

COURSE CODE	COURSE TITLE
ACCTG 200	Introduction to Accounting
ACCTG 211	Introduction to Accounting for Financial Performance
ACCTG 222	Introduction to Accounting for Management Decision Making
ACCTG 315	Intermediate Financial Accounting II
BLAW 201	Legal Foundations of the Canadian Economy
ECON 101	Introduction to Microeconomics
ECON 102	Introduction to Macroeconomics
ECON 281	Intermediate Microeconomic Theory I
ECON 299	Quantitative Methods in Economics
ECON 399	Introductory Econometrics
FIN 201	Introduction to Finance
FIN 312	Investment Principles
FIN 322	Capital Investment
FIN 413	Risk Management
FIN 414	Operation of Financial Institutions
MARK 201	Introduction to Marketing
MGTSC 212	Probability and Statistics for Business
PSYCH 213	Introduction to Data Analysis in Psychology I
SEM 301	Behaviour in Organizations
STAT 151	Introduction to Applied Statistics I
STAT 161	Introductory Statistics for Business and Economics
STAT 235	Introductory Statistics for Engineering

University of Alberta - ECON 493: Economic Forecasting

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