Insegnamento a.a. 2016-2017

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
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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.
Exam textbooks & Online Articles (check availability at the Library)

Prerequisites

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

Last change 25/05/2016 15:50