Introduction to Applied Econometrics (281-0-20)

Instructors

Richard Walker

Meeting Info

Tech Institute Lecture Room 3: Mon, Wed, Fri 9:00AM - 9:50AM

Overview of class

This course is concerned with the specification and estimation of relations among economic variables. It begins with a brief survey of basic statistical concepts and follows with an introduction to classical regression models, both simple and multivariate. We'll then consider various pathologies that can arise when conducting empirical research (omitted variables bias, heteroscedasticity, measurement error) and will conclude with an overview of endogeneity issues and the use of instrumental variables.

Registration Requirements

ECON 201-0, ECON 202-0, MATH 220-1, STAT 210-0 or higher level statistics class. All other substitutions (including AP Statistics) must be cleared through the Director of Undergraduate Studies for Economics.

Learning Objectives

Students will learn something about using data to identify causal mechanisms and to test related hypotheses.

Teaching Method

Three lectures a week, plus a TA section.

Evaluation Method

"Exams: Three (two midterms, 1 final)
Problem sets: Three"

Class Materials (Required)

Introduction to Econometrics by Chris Dougherty, 5th edition (ISBN-10: 0199676828)
Course requires use of Stata

Enrollment Requirements

Enrollment Requirements: Reserved for Economics Majors & Minors until the end of preregistration, after which time enrollment will be open to everyone who has taken the prerequisites.

Associated Classes

DIS - Technological Institute M120: Tues 5:00PM - 5:50PM

DIS - Kresge Centennial Hall 2-415: Thurs 5:00PM - 5:50PM

DIS - Technological Institute M177: Tues 6:00PM - 6:50PM

DIS - Lunt Hall 107: Thurs 6:00PM - 6:50PM

DIS - Technological Institute M128: Tues 6:00PM - 6:50PM

DIS - Lunt Hall 105: Thurs 6:00PM - 6:50PM