ECON-L4400 - Advanced Econometrics 4 D, Lecture, 10.3.2025-9.5.2025

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.

LEARNING OUTCOMES

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.

Credits: 5

Schedule: 10.03.2025 - 09.05.2025

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Ciprian Domnisoru

Contact information for the course (applies in this implementation):

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content

  • valid for whole curriculum period:

    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

  • valid for whole curriculum period:

    60% exam, 40% exercises. The student needs to get at least half of both exercises and the exam to pass the course.

Workload

  • valid for whole curriculum period:

    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.

DETAILS

Study Material

  • valid for whole curriculum period:

    lecture notes and reading list

Substitutes for Courses
Prerequisites
SDG: Sustainable Development Goals

    8 Decent Work and Economic Growth

FURTHER INFORMATION

Further Information

  • valid for whole curriculum period:

    Teaching Language: English

    Teaching Period: 2024-2025 Spring IV
    2025-2026 Spring IV

    Registration:

    Registration in Sisu.

Rules of Conduct - Students´ Rights and Responsibilities (in force from 1 August 2020)

Aalto University Code of Academic Integrity and Handling Violations Thereof