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ECONOMETRICS

CODE 24615
ACADEMIC YEAR 2022/2023
CREDITS
  • 6 cfu during the 3nd year of 8699 ECONOMIA E COMMERCIO(L-33) - GENOVA
  • SCIENTIFIC DISCIPLINARY SECTOR SECS-P/05
    TEACHING LOCATION
  • GENOVA
  • SEMESTER 1° Semester
    PREREQUISITES
    Prerequisites
    You can take the exam for this unit if you passed the following exam(s):
    • Economics 8699 (coorte 2020/2021)
    • CALCULUS FOR UNDERGRADUATED STUDENTS. 41138
    • STATISTICS 1 60083
    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

    The course aims at providing the students with the basic tools of econometrics analysis and helping them to develop a way of thinking in quantitative terms. Without neglecting a proper discussion of the theoretical background, the course distinctly follows an applied approach. Indeed, by using advanced statistical software, the students will learn how to apply econometric techniques to a number of real-world case studies.

     

    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

    SILVIO TRAVERSO (President)

    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

    Date Time Location Type Notes
    09/01/2023 09:00 GENOVA Scritto Esame di Econometria (cod. 24615) - Prof Traverso
    23/01/2023 09:00 GENOVA Scritto Esame di Econometria (cod. 24615) - Prof Traverso
    06/02/2023 09:00 GENOVA Scritto Esame di Econometria (cod. 24615) - Prof Traverso
    09/06/2023 09:00 GENOVA Scritto Esame di Econometria (cod. 24615) - Prof Traverso
    23/06/2023 09:00 GENOVA Scritto Esame di Econometria (cod. 24615) - Prof Traverso
    14/07/2023 09:00 GENOVA Scritto Esame di Econometria (cod. 24615) - Prof Traverso
    01/09/2023 09:00 GENOVA Scritto Esame di Econometria (cod. 24615) - Prof Traverso