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Course 2016-2017 a.y.

30284 - EMPIRICAL METHODS FOR ECONOMICS (INTRODUCTION TO ECONOMETRICS)


CLEAM - CLEF - WBB - BIEF - BIEM
Department of Economics

Course taught in English


Go to class group/s: 31

CLEAM (6 credits - I sem. - OP  |  SECS-P/05) - CLEF (6 credits - I sem. - OP  |  SECS-P/05) - WBB (6 credits - I sem. - OP  |  SECS-P/05) - BIEF (6 credits - I sem. - OBCUR  |  SECS-P/05) - BIEM (6 credits - I sem. - OP  |  SECS-P/05)
Course Director:
GABRIELE NATALE DEANA

Classes: 31 (I sem.)
Instructors:
Class 31: GABRIELE NATALE DEANA


Course Objectives

The course goal is to familiarize students with the theory and use of quantitative methods in economics. The topics of the course are: the linear model and its generalizations; estimation and test theory; econometric specification techniques and model selection problems; instrumental variables. Such techniques are illustrated both theoretically and by means of empirical applications. 


Intended Learning Outcomes
Click here to see the ILOs of the course BIEF

Course Content Summary
  • The general problem of the approximation of a relation between economic variables.
  • Introduction to the regression model in the univariate case.
  • The general linear model.
  • Strong and weak hypotheses.
  • Minimum squares criterion and estimators.
  • Statistic properties of estimators.
  • Alternative characterizations of estimators (orthogonality, BLUE).
  • Interval estimation.
  • Tests of linear hypotheses on the parameters of the model.
  • How to interpret the results of an application of the linear model.
  • Asymptotic results for the linear model.
  • Test of nonlinear hypotheses on the parameters of model.
  • Heteroschedasticity and generalized minimum squares.
  • Correct specification test.
  • Nonlinear models.
  • Instrumental variables.
  • Panel data models.
  • Models for qualitative variables.
Each topic is first introduced theoretically and then illustrated through empirical applications. 

Teaching methods

Assessment methods
Click here to see the assessment methods BIEF

Detailed Description of Assessment Methods

Written exam.  Possibility to take the partial exams (the final grade will be the average of the  two parts).


Textbooks
  • M. Marcellino, Introduction to Applied Econometrics, EGEA, forthcoming.
  • Additional material will be provided.

Prerequisites

Sound knowledge of the topics studied in the courses in mathematics and statistics.

Last change 25/05/2016 15:50