This course starts from individual’s and business’ needs for Big Data analysis. We will then introduce the basic concepts, theories, and methods of Econometrics and Big Data Statistics such as statistical analysis, econometric analysis, data modeling, model selection, and optimal decision making. Besides learning about the underlying theoretical models and tools, a lot of emphasis will be placed on real world applications and economic interpretations. Students will learn how to apply R to perform big data analysis on real-world economic data.