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    Introduction to Econometrics

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    Course Outline

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    yohannis
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    Introduction to Econometrics

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    course outline

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    Introduction to Econometrics

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    6 views3 pages

    Course Outline

    Uploaded by

    yohannis
    Introduction to Econometrics

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    © All Rights Reserved
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    Wollega University

    Department of Economic
    Course Title: Advanced Econometrics
    Prerequisite and/or co-requisite: no requisite
    Credit hours: 3

    Instructor: Badassa Wolteji (PhD)


    Email: [email protected]

    Course Description
    The course aims to introduce theory and practice of econometric models. Interpretations of
    various econometric models as well as statistical tests of significance of the estimates will be
    discussed in details. Stata software will intensively be used in class. Thus, the course covers
    widely used econometric estimation techniques accompanied by hands-on exercises.

    Course Objectives
    Up on the completion of this course, students will be able to explain econometric concepts on
    correlation, econometric models and interpretation of empirical results. Furthermore, students are
    expected to apply different estimation techniques in the context of agribusiness. Specifically, the
    course will help students:
    o Figure out appropriate econometric method and evaluate alternative techniques of data
    analysis;
    o Work with agribusiness data using stata
    o Write standard research reports; and
    o Develop presentation skills in addressing theoretical and empirical issues.
    Unit 1: The Nature of Econometrics and Economic Data
    1.1 What is econometrics?
    1.2 The structure of economic data
    1.3 Steps in empirical economic analysis
    1.4 Introduction to STATA: An overview of its basic applications
    Unit 2: Classical Linear Regression Model
    2.1 Regression versus correlation
    2.3 Method of least squares
    2.3 Simple regressions
    2.4 Multiple regressions
    Unit 3: Further Issues in Classical Linear Regression Model
    3.1 Assumptions and properties
    3.2 Precision and reliability.
    Unit 4: Violations of the Assumptions of the Classical Linear Regression
    4.1 Residual non-randomness;
    4.2 Heteroscedasticity
    4.3 Normality of residual disturbances;
    4.4 Measurement error (omitted/irrelevant variables);
    4.5 Multicolinearity
    5.6 Wrong functional form (model specification error)
    Unit 5: Advanced Panel Data Methods
    5.1 Fixed Effects Estimation
    5.2 Random Effects Estimation
    5.3 Fixed Effects or Random Effects Estimation?
    5.1 First Differencing
    Unit 6: Non-linear regression analysis
    6.1 Logistic regression/ or Probit reression
    6.3 Tobit regression
    Unit 7: Introductory time series regression

    Mode of delivery
    Lecture and practical lab sessions
    Mode of assessment: Continuous assessment (assignments and lab practices) out of 50% and
    final written examination (50%)

    References
    o Verbeek M. (2004): A Guide to Modern Econometrics. 2nd edition. Erasmus University
    Rotterdam
    o Gujarati D.N. (2004): Basic Econometrics. 4th ed. The McGraw-Hill.
    o Wooldridge, J.M. (2009). Introductory Econometrics. 4th edition, South-Western.
    o Cameron A. C. & Trivedi P. K. (2005): Micro econometrics Methods and Application.
    Cambridge University Press, New York
    o Cameron A. C. & Trivedi P. K. (2009): Micro econometrics Using Stata. Stata Press
    Publication. Stata Corp LP. College Station. Texas
    o Greene, W.H. (2008). Econometric Analysis. 6th edition, Prentice-Hall.
    o Greene W.H and Hensher D.A (2010): Modelling ordered Choices. Cambridge
    University Press

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