Essential Econometrics (HON)

Faculteit Honours College
Jaar 2017/18
Vakcode HCEBB0205
Vaknaam Essential Econometrics (HON)
Niveau(s) bachelor
Voertaal Engels
Periode semester I a
ECTS 5
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Uitgebreide vaknaam Essential Econometrics (HON)
Leerdoelen This is a course for students who want to get acquainted with the essential notions of econometrics and its practical applications. The course is challenging but non-technical, and only some basic algebra is used. Knowledge of the very basics of statistics and differential calculus is helpful but not strictly necessary.

Note from prof. Wansbeek, based on his experience from the past year: this module might not be interesting enough for students who've allready done quite a bit of Statistics (for instance, Psychology students)!
Omschrijving The course begins with an introduction to the essentials of regression analysis. Next, through a number of real-life illustrations given by various researchers from the FEB, some extensions of the basic regression model are provided and some potential pitfalls in its use are indicated.

To give an indication of the type of issues covered, here a description of the book (source Amazon.com):

What do the following events have in common? In 2000, the election between George W. Bush and Al Gore was a virtual tie. The 1989 and 1990 vintages have turned out to be two of the best ever for Bordeaux wines. In 2001, the Federal Reserve lowered the interest rate eleven times. The decade of the 1970s was one of the worst on record for U.S. inflation. In 2001, the author of this book, at age 59, ran a marathon in 3 hours and 30 minutes, but should have been able to do it in 3 hours and 15 minutes.

This book shows clearly and simply how these diverse events can be explained by using the tools of the social sciences and statistics. It moves from a discussion of formulating theories about real world phenomena to lessons on how to analyze data, test theories, and make predictions. Through the use of a rich array of examples, the book demonstrates the power and range of social science and statistical methods.
Uren per week variabel
Onderwijsvorm Discussiebijeenkomsten, Hoorcolleges, Opdracht(en)
Toetsvorm Opdracht(en), Schriftelijk tentamen
(Given the nature of the course, attending the lectures is mandatory for students wanting to get a grade. Some kind of written exam is envisaged. Also, students have to work on an assignment involving computer work.)
Vaksoort Honours College-Bachelor
Coördinator prof. dr. T.J. Wansbeek
Docent(en) prof. dr. R.J.M. Alessie ,dr. C.H. Hanck ,prof. dr. R.H. Koning ,prof. dr. T.J. Wansbeek
Verplichte literatuur
Titel Auteur ISBN Prijs
Predicting presidential elections and other things Ray Fair 0804745099 ca. €  24,00
Entreevoorwaarden Open only to non-FEB honours bachelor students
Opmerkingen Secretariat
- ms. M. Koolman, tel. 050 - 363 7018
- email: m.a.koolman@rug.nl

Note from prof. Wansbeek: this module might not be interesting enough for students who've allready done quite a bit of Statistics (for instance, Psychology students)!
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