### 30C00200 - Econometrics, 07.01.2019-19.02.2019

Syllabus_2019.pdf

Laajuus: 6

Aikataulu: 07.01.2019 - 19.02.2019

Vastuuopettaja (voimassa 01.08.2018-31.07.2020):

Timo Kuosmanen

Opetusperiodi (voimassa 01.08.2018-31.07.2020):

III Spring (2018-2019) Otaniemi campus

III Spring (2019-2020) Otaniemi campus

Osaamistavoitteet (voimassa 01.08.2018-31.07.2020):

The main objective of the course is to obtain a basic understanding of the econometric methodology. The aim is to motivate the students to examine causal relationships between economic phenomena by using a linear regression model. The course focuses on least squares estimation of the model and related statistical inferences. The assumptions of least squares estimation will be critically investigated. We examine the violations of these assumptions and the possible ways to alleviate the assumptions. The emphasis of the course is in the empirical application of the least squares method and its extensions. The economic interpretation of the estimated parameters of regression model and their statistical significance is given a special focus. After the course, students should have the skills to conduct basic empirical econometric analysis.

Sisältö (voimassa 01.08.2018-31.07.2020):

Econometrics is a branch of economics that aims to give empirical content to economic theory by applying statistical methods to real world data. This course focuses on the application of linear regression to economic data, its assumptions, and statistical significance tests of parameters and linear restrictions. We also extend the basic linear regression for modeling endogeneity, heteroskedasticity and autocorrelation. Time series and panel data models are considered towards the end of the course. All topics are examined by means of economic examples with actual empirical data.

Toteutus, työmuodot ja arvosteluperusteet (voimassa 01.08.2018-31.07.2020):

70 % exam
30 % assignments

Työmäärä toteutustavoittain (voimassa 01.08.2018-31.07.2020):

Lectures 36 h
Exercise sessions 10 h
Self-study and other independent work 74 h
Exam preparation 37 h
Exam 3 h
Total 160 h (6 ECTS)

Oppimateriaali (voimassa 01.08.2018-31.07.2020):

Lecture notes and additional material are provided on the course website.

The following textbooks may be used as supplementary study material:
Wooldridge, J.M. (2009) Introductory econometrics: A modern approach. (or any newer edition)
Dougherty, Christopher (2007) Introduction to econometrics.  (or any newer edition)

https://mycourses.aalto.fi/course/search.php?search=30C00200

Esitiedot (voimassa 01.08.2018-31.07.2020):

At least 30A02000 Tilastotieteen perusteet or an equivalent introductory statistics course.

Arvosteluasteikko (voimassa 01.08.2018-31.07.2020):

0-5

Ilmoittautuminen (voimassa 01.08.2018-31.07.2020):

Via WebOodi.