Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.
After the course, the student should know the basic properties and limitations of the microeconometric models discussed, and be able to implement them in empiri-cal research. The student also appreciates the connections between economic the-ory and empirical methods. The course also works as a foundation for more ad-vanced methodological and applied courses in microeconometrics.
Schedule: 16.03.2021 - 14.05.2021
Teacher in charge (valid 01.08.2020-31.07.2022): Otto Toivanen
Teacher in charge (applies in this implementation): Ciprian Domnisoru
Contact information for the course (applies in this implementation):
CEFR level (applies in this implementation):
Language of instruction and studies (valid 01.08.2020-31.07.2022):
Teaching language: English
Languages of study attainment: English
CONTENT, ASSESSMENT AND WORKLOAD
This course covers a number of central models and methods employed in modern microeconometric research. The emphasis is on different types of dependent varia-bles and data structures (cross section and panel data). The connection between economic theory and empirical methods is emphasized. Specifically, the topics covered in the course include
1. Discrete choice models
2. Tobit models
3. Sample selection models
4. Survival / duration analysis
5. The bounds approach
6. Panel data estimators
7. Calculation of standard errors
Assessment Methods and Criteria
60% exam, 40% exercises. The student needs to get at least half of both exercises and the exam to pass the course.
The course consists of lectures (24 hours) and exercise sessions (8 hours), where solutions to the homework assignments are discussed. The lectures and exercise sessions are not mandatory.
lecture notes and reading list
Substitutes for Courses
Korvaa vanhan kurssikoodin 31L30414.
Advanced Econometrics 1 and 2
- Teacher: Ciprian Domnisoru