CODE 24615 ACADEMIC YEAR 2021/2022 CREDITS 6 cfu anno ECONOMIA E ISTITUZIONI FINANZIARIE 8700 (LM-56) - GENOVA 6 cfu anno 3 ECONOMIA E COMMERCIO 8699 (L-33) - GENOVA SCIENTIFIC DISCIPLINARY SECTOR SECS-P/05 TEACHING LOCATION GENOVA SEMESTER 1° Semester PREREQUISITES Propedeuticità in ingresso Per sostenere l'esame di questo insegnamento è necessario aver sostenuto i seguenti esami: Economics 8699 (coorte 2019/2020) CALCULUS FOR UNDERGRADUATED STUDENTS. 41138 2019 STATISTICS 60083 2019 TEACHING MATERIALS AULAWEB OVERVIEW The course goal is to familiarize students with the theory and use of quantitative methods in economics. The topics of the course are: the linear model and its generalizations; estimation and testing theory; econometric specification techniques and model selection problems; instrumental variables, models for qualitative variables and panel data. Such techniques are illustrated both theoretically and by means of empirical economic applications implemented using software such as Stata AIMS AND CONTENT LEARNING OUTCOMES Rigorous introductory course to econometric analysis. Simple and multiple linear regeressions, ols estimation, mle estimation, endogeneity and Iv estimation. Proof based course with empirical applications in STATA and E-Views. AIMS AND LEARNING OUTCOMES At the end of the course student will be able to... Define the key elements of a basic econometric analysis. Select the relevant variables and the proper econometric methods. Recognize and test the main required assumptions for the validity of a specific estimation method. Compare and select the outcome of alternative econometric methods. Interpret the empirical results. TEACHING METHODS Faces to Faces lectures Exercises Attendance is not compulsory, however it is strongly recommended. SYLLABUS/CONTENT First part 1.Linear Regression model 2.Generalized Linear Regression Model 3.Parameter Instability Second Part 4. Endogeneity and Instrumental Variables: GMM and 2SLS 5. Binary Dependent Variable: MLE,Logit and Probit 6. Panel Data: Random and Fixed effect RECOMMENDED READING/BIBLIOGRAPHY A set of lecture notes and extra questions are available on “AulaWeb”.Students are strongly recommended to rely on these notes and attempt all the extra questions given. Students are very welcome to discuss the extra questions during office hours. Suggested bibliography: W.H. Greene, Econometric Analysis, Prentice Hall M. Verbeek M., A Guide to Modern Econometrics, Wiley J.M. Wooldridge, Introductory Econometrics, Thomson TEACHERS AND EXAM BOARD Exam Board GABRIELE DEANA (President) ANNA BOTTASSO LESSONS LESSONS START 1° semester 14 september - 15 december 2021 Class schedule ECONOMETRICS EXAMS EXAM DESCRIPTION The exam is written, and it is composed of "theoretical" questions, where deriving the main results discussed during the lessons, and "empirical", where discussing and interpreting some empirical results. you can choose to do a general exam, or two partials (in the first two exam sessions): in the latter case, the final grade is the weighted average (50%) of the two partial. You can also do a work group, that will provide you a bonus to add to the final grade of the exam ( within the first two exam session) ASSESSMENT METHODS The written exam aims to ascertain: the understanding of the theoretical foundations of the estimated models analyzed the ability to evaluate the most appropriate estimation model to use according to the research question and available data the capability to read and interpret the empirical results Group work aims to evaluate the application of the different contents learned, as well as the ability to work in a group and critical analysis Exam schedule Data appello Orario Luogo Degree type Note 12/01/2022 09:00 GENOVA Orale 12/01/2022 09:00 GENOVA Scritto 26/01/2022 09:00 GENOVA Orale 26/01/2022 09:00 GENOVA Scritto 07/06/2022 09:00 GENOVA Orale 07/06/2022 09:00 GENOVA Scritto 21/06/2022 09:00 GENOVA Orale 21/06/2022 09:00 GENOVA Scritto 06/07/2022 09:00 GENOVA Orale 06/07/2022 09:00 GENOVA Scritto 30/08/2022 09:00 GENOVA Orale 30/08/2022 09:00 GENOVA Scritto FURTHER INFORMATION http://www.economia.unige.it/prg1516/ge/econometria.pdf