INTRODUCTION TO ECONOMETRICS

概要

This course is an introduction to econometrics that covers basic concepts, tools and methods for inferring economic structure from data as well as their applications. We will combine statistical methods with economic theory to make inferences about causal relationships among economic variables. Students will become familiar with basic programming commands in STATA, a data analysis program, by conducting several case studies in which these concepts are applied to the analysis of real-world datasets. There are no prerequisites for taking this course. Yet, students are expected to have basic knowledge of statistics and probability theory and ideally have attended the course "Introduction to Statistics" before. (There will only be a very concise review of major concepts at the beginning of the course.) All course materials will be distributed via the course page on Moodle. Assignments and additional readings will also be handled via Moodle. Please make sure that you subscribe to the course page on Moodle in order to participate in this course. Course registration and Moodle are not interlinked; and therefore, registration on Moodle must be done separately.

目標

1) Solid understanding of statistical concepts and econometric models underlying the data analysis process and ability to critically evaluate an econometric study. 2) Basic programming skills related to the creation, modification and econometric analysis of a dataset in STATA. 3) At the end of this course, students should be able to independently apply these tools to analyze a dataset methodically and comprehensively.

授業外の学習

The course is to a large extent based on the textbook "Introduction to Econometrics" by James Stock and Mark Watson. Students are expected to read all relevant chapters as well as other assigned readings before the respective class to be able to contribute to class discussions. In addition, the course material will be tested via assignments. These typically involve exercises from the main textbook and require reviewing the lecture material and working with real-world datasets. Students are expected to use STATA for the solution of these exercises, which is available on university servers. In addition, STATA can be accessed by students from outside the university. For more information, please inquire at the ICT office. (You can also purchase personal copies of STATA at a student discount.) Regular attendance and active participation in class are expected.

所要時間: It depends on your work efficiency.