At the end of the course the student is able to:
- Interpret and assess quantitative empirical analyses;
- Apply econometric estimation techniques such as Least Squares and Instrumental Variables;
- Select the correct estimation techniques belonging to the economic problem and apply these techniques to specific data sets.
The course in Empirical Economics is a methodological and supportive course that prepares students for doing empirical research. This course provides an overview of the main econometric methods, in which understanding is reached through their application to specific data sets. It pays attention to the econometric analysis of cross-section, time-series, and panel data. Economic topics relevant for the various Master programmes are discussed.|
The starting point of the course is the linear regression model applied to cross section data and that will be reviewed intensively. In the next weeks estimation methods of time series and forecasting, panel data, instrumental variables, and limited dependent variables model will be discussed.
The econometric software package Stata is used throughout this course. Stata is used for the illustration of the theoretical concepts at the lectures and needed to make the tutorial exercises.
Lectures (2 hours per week) and tutorials (2 hours per week).
An individual exam. This is a closed book exam and a formula card will be provided. (100%, individual)
In case online access is required for this course and you are not in the position to buy the access code, you are advised to contact the course coordinator for an alternative solution. Please note that access codes are not re-usable meaning that codes from second hand books do not work, as well as access codes from books with a different ISBN number. Separate or spare codes are usually not available.