The aim of the course is to provide you with basic knowledge and skills of econometric analysis. After successfully attending the course, you will be able to apply the knowledge to the investigation of economic relations andprocesses, and also to understand econometric approaches, methods, and conclusions met in most economic books and articles. In particular, you should understand essential differences between time series and cross sectional data, get to know the specific econometric problems met when working with such data, and learn methods to deal with these problems. The considered methods and models will be practiced on real economic data with modern econometric software (EViews).
The course is based on the following textbook:
- Stock, J.H. and M.W. Watson (2007): Introduction to Econometrics. Addison-Wesley (the older edition of 2003 will serve the purpose as well).
But you might want to browse through other authors' textbooks to get a second opinion:
- Wooldridge, J.: Introductory Econometrics: A Modern Approach (either 3rd or 4th edition)
- Murray, M.P.: Econometrics: A modern introduction. Addison-Wesley
1. Introduction/Review ofStatistics
2. Linear Regression with Single/Multiple Regressors
3. Nonlinear regression functions
4. Model selection and model validity
5. Panel data regressions
6. Regression with a binary dependent variable
7. Instrumental variable estimation
8. Time series regression and forecasting
9. Estimation of dynamic causal effects
10. Regression with integrated time series (if time allows)
Dr. Mehdi Hosseinkouchack
Certification and Credits:
Written exam of 90 minutes.