Econometrics Week 1 Institute of Economic Studies Faculty of Social Sciences Charles University in Prague Fall 2012 1/9
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Econometrics
Week 1
Institute of Economic StudiesFaculty of Social Sciences
Charles University in Prague
Fall 2012
1 / 9
Outline of Today’s talk
General Remarks about the course
SyllabusWhy we need Econometrics?A short visit to the Econometrics I (Revision)
2 / 9
Outline of Today’s talk
General Remarks about the courseSyllabus
Why we need Econometrics?A short visit to the Econometrics I (Revision)
2 / 9
Outline of Today’s talk
General Remarks about the courseSyllabusWhy we need Econometrics?
A short visit to the Econometrics I (Revision)
2 / 9
Outline of Today’s talk
General Remarks about the courseSyllabusWhy we need Econometrics?A short visit to the Econometrics I (Revision)
2 / 9
Starting new course
Econometrics I → Econometrics II
Why the change - syllabus from 1995We will use the book (cca. 25 copies in the library):
Text bookJeffrey M. Wooldridge (2006): Introductory Econometrics. AModern Approach. MIT Press, Cambridge, Massachusetts,second edition 2009.
While no book is perfect, other introductory books arewelcome as complimentary. (i.e. Greene(1993),Baltagi(1999), Judge(1982)) Please discuss with me first.
3 / 9
Starting new course
Econometrics I → Econometrics IIWhy the change - syllabus from 1995
We will use the book (cca. 25 copies in the library):
Text bookJeffrey M. Wooldridge (2006): Introductory Econometrics. AModern Approach. MIT Press, Cambridge, Massachusetts,second edition 2009.
While no book is perfect, other introductory books arewelcome as complimentary. (i.e. Greene(1993),Baltagi(1999), Judge(1982)) Please discuss with me first.
3 / 9
Starting new course
Econometrics I → Econometrics IIWhy the change - syllabus from 1995We will use the book (cca. 25 copies in the library):
Text bookJeffrey M. Wooldridge (2006): Introductory Econometrics. AModern Approach. MIT Press, Cambridge, Massachusetts,second edition 2009.
While no book is perfect, other introductory books arewelcome as complimentary. (i.e. Greene(1993),Baltagi(1999), Judge(1982)) Please discuss with me first.
3 / 9
Starting new course
Econometrics I → Econometrics IIWhy the change - syllabus from 1995We will use the book (cca. 25 copies in the library):
Text bookJeffrey M. Wooldridge (2006): Introductory Econometrics. AModern Approach. MIT Press, Cambridge, Massachusetts,second edition 2009.
While no book is perfect, other introductory books arewelcome as complimentary. (i.e. Greene(1993),Baltagi(1999), Judge(1982)) Please discuss with me first.
3 / 9
Starting new course feedback
We will appreciate any type of feedbackFeedback from you is crucial for improvement of the course.
During the lectures and seminars - complain, ask.During consultations - make an appointment via email.Questions at lectures - use my service, use your time spenton the lecture wisely.There is no ”trivial” question! All questions are crucial andthe most trivial are always the most crucial.
4 / 9
Starting new course feedback
We will appreciate any type of feedbackFeedback from you is crucial for improvement of the course.During the lectures and seminars - complain, ask.
During consultations - make an appointment via email.Questions at lectures - use my service, use your time spenton the lecture wisely.There is no ”trivial” question! All questions are crucial andthe most trivial are always the most crucial.
4 / 9
Starting new course feedback
We will appreciate any type of feedbackFeedback from you is crucial for improvement of the course.During the lectures and seminars - complain, ask.During consultations - make an appointment via email.
Questions at lectures - use my service, use your time spenton the lecture wisely.There is no ”trivial” question! All questions are crucial andthe most trivial are always the most crucial.
4 / 9
Starting new course feedback
We will appreciate any type of feedbackFeedback from you is crucial for improvement of the course.During the lectures and seminars - complain, ask.During consultations - make an appointment via email.Questions at lectures - use my service, use your time spenton the lecture wisely.
There is no ”trivial” question! All questions are crucial andthe most trivial are always the most crucial.
4 / 9
Starting new course feedback
We will appreciate any type of feedbackFeedback from you is crucial for improvement of the course.During the lectures and seminars - complain, ask.During consultations - make an appointment via email.Questions at lectures - use my service, use your time spenton the lecture wisely.There is no ”trivial” question! All questions are crucial andthe most trivial are always the most crucial.
4 / 9
Syllabus
Part II and Part III of the book
Chapters 10-19 (except from 18, we will use only someparts if time allows).We will keep the order of the book (detailed syllabus onthe website)Recommended reading - approx. 30 pages per week.Recommended reading for the next week - Chapter 10Seminars
5 / 9
Syllabus
Part II and Part III of the bookChapters 10-19 (except from 18, we will use only someparts if time allows).We will keep the order of the book (detailed syllabus onthe website)
Recommended reading - approx. 30 pages per week.Recommended reading for the next week - Chapter 10Seminars
5 / 9
Syllabus
Part II and Part III of the bookChapters 10-19 (except from 18, we will use only someparts if time allows).We will keep the order of the book (detailed syllabus onthe website)Recommended reading - approx. 30 pages per week.
Recommended reading for the next week - Chapter 10Seminars
5 / 9
Syllabus
Part II and Part III of the bookChapters 10-19 (except from 18, we will use only someparts if time allows).We will keep the order of the book (detailed syllabus onthe website)Recommended reading - approx. 30 pages per week.Recommended reading for the next week - Chapter 10
Seminars
5 / 9
Syllabus
Part II and Part III of the bookChapters 10-19 (except from 18, we will use only someparts if time allows).We will keep the order of the book (detailed syllabus onthe website)Recommended reading - approx. 30 pages per week.Recommended reading for the next week - Chapter 10Seminars
5 / 9
Syllabus - further changes
Software
STATA (integrate JEB109, JEB110 JEM005)
For seminars
Mathematica
Interactive lectures
All the software installed on the new computers at Lab 016Interactive presentations can be played by free CDF playerby Mathematica.
Assignments
3 home assignments
shorter ones
1 empirical project cca. 8p.
NEW - details posted later
Work in group of 2 students.
6 / 9
Syllabus - further changes
SoftwareSTATA (integrate JEB109, JEB110 JEM005)
For seminarsMathematica
Interactive lectures
All the software installed on the new computers at Lab 016Interactive presentations can be played by free CDF playerby Mathematica.
Assignments
3 home assignments
shorter ones
1 empirical project cca. 8p.
NEW - details posted later
Work in group of 2 students.
6 / 9
Syllabus - further changes
SoftwareSTATA (integrate JEB109, JEB110 JEM005) For seminars
Mathematica
Interactive lectures
All the software installed on the new computers at Lab 016Interactive presentations can be played by free CDF playerby Mathematica.
Assignments
3 home assignments
shorter ones
1 empirical project cca. 8p.
NEW - details posted later
Work in group of 2 students.
6 / 9
Syllabus - further changes
SoftwareSTATA (integrate JEB109, JEB110 JEM005) For seminarsMathematica
Interactive lecturesAll the software installed on the new computers at Lab 016Interactive presentations can be played by free CDF playerby Mathematica.
Assignments
3 home assignments
shorter ones
1 empirical project cca. 8p.
NEW - details posted later
Work in group of 2 students.
6 / 9
Syllabus - further changes
SoftwareSTATA (integrate JEB109, JEB110 JEM005) For seminarsMathematica Interactive lectures
All the software installed on the new computers at Lab 016Interactive presentations can be played by free CDF playerby Mathematica.
Assignments
3 home assignments
shorter ones
1 empirical project cca. 8p.
NEW - details posted later
Work in group of 2 students.
6 / 9
Syllabus - further changes
SoftwareSTATA (integrate JEB109, JEB110 JEM005) For seminarsMathematica Interactive lecturesAll the software installed on the new computers at Lab 016
Interactive presentations can be played by free CDF playerby Mathematica.
Assignments
3 home assignments
shorter ones
1 empirical project cca. 8p.
NEW - details posted later
Work in group of 2 students.
6 / 9
Syllabus - further changes
SoftwareSTATA (integrate JEB109, JEB110 JEM005) For seminarsMathematica Interactive lecturesAll the software installed on the new computers at Lab 016Interactive presentations can be played by free CDF playerby Mathematica.
Assignments
3 home assignments
shorter ones
1 empirical project cca. 8p.
NEW - details posted later
Work in group of 2 students.
6 / 9
Syllabus - further changes
SoftwareSTATA (integrate JEB109, JEB110 JEM005) For seminarsMathematica Interactive lecturesAll the software installed on the new computers at Lab 016Interactive presentations can be played by free CDF playerby Mathematica.
Assignments
3 home assignments
shorter ones
1 empirical project cca. 8p.
NEW - details posted later
Work in group of 2 students.
6 / 9
Syllabus - further changes
SoftwareSTATA (integrate JEB109, JEB110 JEM005) For seminarsMathematica Interactive lecturesAll the software installed on the new computers at Lab 016Interactive presentations can be played by free CDF playerby Mathematica.
Assignments3 home assignments
shorter ones1 empirical project cca. 8p.
NEW - details posted later
Work in group of 2 students.
6 / 9
Syllabus - further changes
SoftwareSTATA (integrate JEB109, JEB110 JEM005) For seminarsMathematica Interactive lecturesAll the software installed on the new computers at Lab 016Interactive presentations can be played by free CDF playerby Mathematica.
Assignments3 home assignments shorter ones
1 empirical project cca. 8p.
NEW - details posted later
Work in group of 2 students.
6 / 9
Syllabus - further changes
SoftwareSTATA (integrate JEB109, JEB110 JEM005) For seminarsMathematica Interactive lecturesAll the software installed on the new computers at Lab 016Interactive presentations can be played by free CDF playerby Mathematica.
Assignments3 home assignments shorter ones1 empirical project cca. 8p.
NEW - details posted laterWork in group of 2 students.
6 / 9
Syllabus - further changes
SoftwareSTATA (integrate JEB109, JEB110 JEM005) For seminarsMathematica Interactive lecturesAll the software installed on the new computers at Lab 016Interactive presentations can be played by free CDF playerby Mathematica.
Assignments3 home assignments shorter ones1 empirical project cca. 8p. NEW - details posted later
Work in group of 2 students.
6 / 9
Syllabus - further changes
SoftwareSTATA (integrate JEB109, JEB110 JEM005) For seminarsMathematica Interactive lecturesAll the software installed on the new computers at Lab 016Interactive presentations can be played by free CDF playerby Mathematica.
Assignments3 home assignments shorter ones1 empirical project cca. 8p. NEW - details posted laterWork in group of 2 students.
6 / 9
Requirements - further changes
GradingAssignments: 0 - 15%Midterm Exam: 0 - 20%Final Exam: 0 - 50% (to pass the Final, more than 60%)Empirical Paper: 15%
80% - 100% Grade 170% - 79% Grade 260% - 69% Grade 30% - 59% Fail
7 / 9
Requirements - further changes
GradingAssignments: 0 - 15%Midterm Exam: 0 - 20%Final Exam: 0 - 50% (to pass the Final, more than 60%)Empirical Paper: 15%
80% - 100% Grade 170% - 79% Grade 260% - 69% Grade 30% - 59% Fail
7 / 9
Why Study Econometrics?
Experimental data are rare in economics ⇒ we need towork with observational data to make inference
Econometrics is tool for quantifying economic relations.Otherwise we can not apply economic theory to real worlddata.We can use the data to test a theory or estimaterelationship.Thus econometrics is powerful tool each economist shouldmaster.
8 / 9
Why Study Econometrics?
Experimental data are rare in economics ⇒ we need towork with observational data to make inferenceEconometrics is tool for quantifying economic relations.Otherwise we can not apply economic theory to real worlddata.
We can use the data to test a theory or estimaterelationship.Thus econometrics is powerful tool each economist shouldmaster.
8 / 9
Why Study Econometrics?
Experimental data are rare in economics ⇒ we need towork with observational data to make inferenceEconometrics is tool for quantifying economic relations.Otherwise we can not apply economic theory to real worlddata.We can use the data to test a theory or estimaterelationship.
Thus econometrics is powerful tool each economist shouldmaster.
8 / 9
Why Study Econometrics?
Experimental data are rare in economics ⇒ we need towork with observational data to make inferenceEconometrics is tool for quantifying economic relations.Otherwise we can not apply economic theory to real worlddata.We can use the data to test a theory or estimaterelationship.Thus econometrics is powerful tool each economist shouldmaster.
8 / 9
A short revision of Econometrics I
What should we already know.
I will use interactive presentation in MathematicaI recommend to download it and run it for yourself in orderto try.
Webpage
All Lectures and material will be available on my web pageshttp://staff.utia.cas.cz/barunik
Interactive parts (in Mathematica) will be available in .cdfformat
CDF player is freely available fromhttp://www.wolfram.com/cdf-player/
Let’s switch to interactive presentation.
9 / 9
A short revision of Econometrics I
What should we already know.I will use interactive presentation in Mathematica
I recommend to download it and run it for yourself in orderto try.
Webpage
All Lectures and material will be available on my web pageshttp://staff.utia.cas.cz/barunik
Interactive parts (in Mathematica) will be available in .cdfformat
CDF player is freely available fromhttp://www.wolfram.com/cdf-player/
Let’s switch to interactive presentation.
9 / 9
A short revision of Econometrics I
What should we already know.I will use interactive presentation in MathematicaI recommend to download it and run it for yourself in orderto try.
Webpage
All Lectures and material will be available on my web pageshttp://staff.utia.cas.cz/barunik
Interactive parts (in Mathematica) will be available in .cdfformat
CDF player is freely available fromhttp://www.wolfram.com/cdf-player/
Let’s switch to interactive presentation.
9 / 9
A short revision of Econometrics I
What should we already know.I will use interactive presentation in MathematicaI recommend to download it and run it for yourself in orderto try.
Webpage
All Lectures and material will be available on my web pageshttp://staff.utia.cas.cz/barunik
Interactive parts (in Mathematica) will be available in .cdfformat
CDF player is freely available fromhttp://www.wolfram.com/cdf-player/
Let’s switch to interactive presentation.
9 / 9
A short revision of Econometrics I
What should we already know.I will use interactive presentation in MathematicaI recommend to download it and run it for yourself in orderto try.
Webpage
All Lectures and material will be available on my web pageshttp://staff.utia.cas.cz/barunik
Interactive parts (in Mathematica) will be available in .cdfformat
CDF player is freely available fromhttp://www.wolfram.com/cdf-player/
Let’s switch to interactive presentation.
9 / 9
Related Documents
