ECO 341K • Introduction to Econometrics - Honors
My purpose is to teach/train you to use the techniques of econometrics (and numerous former students have written back that they have used many of the techniques taught in the course in their work in management and other consulting companies, financial institutions and non-profit organizations). This requires some statistical theory, but the main focus will be on applying econometric technique. Econometrics should be the most useful thing you learn as an undergraduate economics major. The course will enable you to formulate and test econometric hypotheses, and will cover such specific topics as: Ordinary least-squares regression; problems of heteroskedasticity, multicollinearity and autocorrelation; qualitative independent and dependent variables; sample selectivity; exogeneity and instrumental variables; panel data; simple time-series analysis; and hazard models
There will be a midterm exam (taking one full class) on Thursday, March 9, and two half-class exams (Thursdays February 9 and April 6). There will be a 2-1/2-hour final exam (on Saturday, May 13, 9AM). Each half-class exam counts 10 percent; the midterm counts 20 percent, the final counts 30 percent. A 10-page paper will count for 25 percent of the grade, and the remaining 5 percent is based on the problem sets, which will be assigned as the course proceeds. You must do the problem sets to succeed in this course, and the only grading of these short sets will be to make sure you have done them. The 10-page paper is a mini research project using a data set of your choice and is due on Friday, May 5. You should pick a topic before Spring Break, and you must discuss it with me and get my approval for it.