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## ECONOMETRICS

CODE 24615 2021/2022 6 credits during the 3nd year of 8699 Economics (L-33) GENOVA 6 credits during the nd year of 8700 Economics and Financial Institutions (LM-56) GENOVA SECS-P/05 GENOVA (Economics) 1° Semester Prerequisites You can take the exam for this unit if you passed the following exam(s): Economics 8699 (coorte 2019/2020) CALCULUS FOR UNDERGRADUATED STUDENTS. 41138 STATISTICS 60083 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

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

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

Date Time Location Type Notes
15/12/2021 09:00 GENOVA Orale
15/12/2021 09:00 GENOVA Scritto
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