Introduction to Econometrics

Uitgebreide vaknaam	Introduction to Econometrics
Leerdoelen	Upon completion of the course the student is able to: 1. Work with basic estimation methods (OLS, GLS, IV and GMM) and testing procedures on cross-section and panel data. 2. Formulate hypotheses on real-life data and to set up a simple investigation to verify these hypotheses. 3. Provide a statistical and economic interpretation of the results of a basic econometric analysis. 4. Perform a simple statistical analysis using a statistical package such as Stata.
Omschrijving	The course gives an introduction to econometrics. Especially the foundation of the econometric methodology around the linear model is emphasized. Taking the linear model as starting point several estimation methods (e.g. OLS, GLS, IV and GMM) and testing procedures are considered from different viewpoints. Both exact and asymptotic methods are treated. We provide some empirical examples of regression analysis which are societal relevant. These examples are instrumental in learning the students how to interpret regression results in an economic way. The students are supposed to complete 6 group assignments (maximum group size: 2). Some of these group assignments are of an empirical nature. In that case the students have to use the econometric software package STATA and to provide an economic interpretation of the regression results. The assiggnments also contain some theoretical questions which contribute to the understanding of estimation methods and testing procedures.
Uren per week	4
Onderwijsvorm	-computer practicum,  -interactief hoorcollege
Toetsvorm	-computer test/wekelijkse quiz,  -groepsopdracht,  -schriftelijk tentamen (open vragen)
Vaksoort	bachelor
Coördinator	A. Postepska, PhD.
Docent(en)	prof. dr. R.J.M. Alessie , A. Postepska, PhD.
Verplichte literatuur	Titel Auteur ISBN Prijs Econometrics, 2000, Princeton University Press Hayashi, F. 9780691010182 ca. €  45,00
Entreevoorwaarden
Opmerkingen	Info: Dr Agnieszka Postepska, phone: +31(0)50 36 37164, e-mail: a.postepska@rug.nl Secretary: Martine Geerlings-Koolman, phone +31(0)50 36 37018, e-mail m.a.koolman@rug.nl, room 5411.0734.
Opgenomen in	Opleiding Jaar Periode Type BSc Econometrics and Operations Research/EOR  (basisprogramma BSc EOR) 2 semester II a verplicht BSc Mathematics: General Mathematics  (Electives and Minor General Mathematics) 3 semester II a keuze BSc Mathematics: Probability and Statistics 3 semester II a keuzegroep BSc Technische Wiskunde 3 semester II a keuze Courses Exchange (BSc)  (Courses Exchange Students (BSc) without limited access) 2 semester II a keuze