Introduction tot econometrics, with exercises

Academic year: 2008-2009 Course code module FTEBAKM300 Semester: 1st semester Credits: 6 Study load (hours) 168 Theory (hours): 45,00 Practice/Exercises(hours): Other (hours): Part-time program: 1 Instructor(s) Hilde Meersman Language of instruction: Dutch Semester exam information: exam in the 1st semester Contract restriction information: 1. Prerequisites *Algemene competenties -Basic knowledge of micro- and macroeconomics -Statistics: Hypotheses testing -Maths: Partial derivatives, functional forms, systems of equations -Computer: Excel *Sequentiality   FTEBAKM100 Statistics with (business) economics applications (1Ba Applied Economics) OR FTEBAKM120 Statistics with (business) economics applications (1Ba CE(B))   FTEBAKM110 Mathematics with (business) economics applications (1Ba Applied Economics) OR FTEBAKM130 Mathematics with (business) economics applications (1Ba CE(B))   FTEBAAE210 Macroeconomics   FTEBAAE220 Microeconomics 2. Objectives (expected learning outcomes) - knowledge of econometric concepts used in general economics; - to understand what econometric methods are needed to solve economic problems; - to understand economic papers and articles with basic econometrics applications; - to be able to apply basic econometric methods to economic problems; - to be able to work with a specific econometric software package (Eviews) 3. Course content 1. What is econometrics about? 2. Ordinary least squares estimation 3. Deviations from the conditions for BLUE-estimators: missing variables, autocorrelation, heteroskedasticity, ARCH, instrumental variables estimation, selection of functional form,... 4. Qualitative variables: dummy variables, discrete choice models 5. Time series and dynamic specifications: spurious regressions, cointegration, ECM,... 6. Systems of equations 7. Introduction to forecasting 4. Teaching method Direct contact: Lectures Exercise sessions Personal work: Assignments - individual 5. Assessment method Written assignment: Without oral presentation 6. Compulsory reading – study material Course material (printed material and additional examples on blackboard) 7. Recommended reading - study material Stock & Watson (2003) Introduction to Econometrics. Addison-Wesley. Boston Gujarati (2003) Basic Econometrics. McGraw-Hill Higher Education. 8. Tutoring laatste aanpassing: last update: 19/04/2007 11:46 ann.aerts