Econometrics II (2225.YR.002838.1)
General information
Type: |
OPT |
Curs: |
1 |
Period: |
S semester |
ECTS Credits: |
3 ECTS |
Teaching Staff:
Previous Knowledge
Basic knowledge of statistics and econometrics are a prerequisite for the course. Basic knowledge of Stata (or equivalent software packages such as R, SPSS or SAS, etc.) is also necessary.
COURSE CONTRIBUTION TO PROGRAM
Note: the course title is Econometrics II
This course covers several topics in applied econometrics methods, focusing on the analysis of limited dependent variables (for example categorical, ordinal, censored, count data etc.). These topics are illustrated with applications from different research areas, such that, at the end of the class, participants should be able to competently analyze and interpret data of these data types in their own research areas.
Course Learning Objectives
Upon completion of this course participants will be able to:
- Understand the key assumptions and features of various limited dependent variable models used in economics and management
- Apply these models and methods to actual data and interpret the results
- Discuss, critically evaluate and understand research papers using these methods
CONTENT
1. Limited dependent variable: the logit and probit models |
2. Multinomial regression models |
3. Ordinal regression models |
4. Count data models |
5. Duration models |
6. Models for truncated and censored data |
Relation between Activities and Contents
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| Lectures |
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| In-class applications and examples |
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| Practical exercises |
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| Paper presentation and discussion |
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Methodology
Each class combines lectures on the main theoretical concepts with applications and discussions of practical exercises using Stata. Starting with the third meeting, students will present research papers related to the topics discussed during the lecture. Thus, the course will include a combination of:
(1) Lectures
These will present the concepts and theories that are the foundation of the course. Lectures are accompanied by hands-on examples using Stata.
(2) Presentation of Papers in Class & Discussion
Students present and critically discuss a research paper in class. Sharing your experience will enrich the knowledge of all participants and make the sessions more dynamic. These individual presentations take place starting the third meeting and last for 20 min., followed by a 5-10 min. discussion. Papers to be presented will be assigned during the first two meetings.
(3) Practical exercises (Assignments)
Practical exercises, assigned as homework, will contribute to the overall understanding of the course. Some of these assignments will be graded.
Assessment criteria
The assessment breakdown is as follows:
Class participation: 10%
Assignments: 50%
Class presentation and discussion of a research article: 40%
Bibliography
Gujarati D. (2011). Econometrics by example, Palgrave McMillan.
Greene, W. H. (2003). Econometric analysis. Prentice Hall: New York.
Wooldridge, J. (2012). Introductory Econometrics: A model approach, Cengage Learning, Mason, OH.
