Scribd
Upload
12 views5 pages

sylabus Econometrics III

Econometrics III is a course focused on econometric techniques for analyzing individual data, including cross-section and panel data. It emphasizes qualitative information, sample selection issues, and the advantages of panel data, requiring a solid background in econometrics and STATA. The course includes lectures, seminars, and a grading system based on a final exam and a mid-term exam, with recommended readings from key econometrics texts.

Uploaded by

arti.bet369
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
12 views5 pages

sylabus Econometrics III

Econometrics III is a course focused on econometric techniques for analyzing individual data, including cross-section and panel data. It emphasizes qualitative information, sample selection issues, and the advantages of panel data, requiring a solid background in econometrics and STATA. The course includes lectures, seminars, and a grading system based on a final exam and a mid-term exam, with recommended readings from key econometrics texts.

Uploaded by

arti.bet369
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 5

Syllabus

Econometrics III (20853)

Universitat Pompeu Fabra, 2024-2025

Lecturers
Jaume Garcı́a (G1, English & G7, Catalan)
Pierre Magontier (G2, Spanish)

Course Description
Econometrics III is the third subject of the training cycle in Econometrics. The
course is devoted to the discussion of the econometric techniques adequate for indi-
vidual data (microdata). This means data coming from surveys and the observations
correspond to individuals, households or firms. It is increasingly common to deal
with this type of information in empirical analysis, given the increasing availability
of official microdata and surveys conducted by individual firms or institutions to
collect information.
Most of the topics refer to the case of information related to a specific period of
time (cross-section data), but one topic is devoted to panel data (data sets where
the information corresponds to individuals observed in different time periods).
From the econometric point of view the features which characterize the course con-
tents are:

• The treatment of qualitative information, both as explanatory variables (for


instance modelling the effect of the type of occupation) and as dependent
variables (the choice of transportation mode).

• The econometric implications in terms of estimation of having a dependent


variable which is the result of a choice and a quantitative variable. For in-
stance, tobacco consumption is the result of deciding to consume tobacco and
the amount of the expenditure for those who are consumers (zero for non-
smokers).

• The importance of the representativeness of the sample you use to estimate a


model (sample selection issues). For instance, in the case of tobacco the econo-
metric implications of having information only about those who are smokers.

1
• The advantages of panel data in order to control the unobservables which
generate inconsistent estimates when dealing with cross-section data.

Competences
This course is intensive and requires a solid commitment to self-study. Students
should be prepared to engage in readings, complete assignments, and participate in
practical exercises.

• Previous competences

- Students are required to have a basic background in Econometrics, i.e.


a good knowledge of the regression model (equivalent to the contents of
the course Econometrics I) and hypothesis testing.
- Basic knowledge of the econometric package STATA
- Basic knowledge in Economics in order to read economic papers where
the econometric techniques discussed in the course are applied.

• Specific competences

- Ability to model qualitative factors in an econometric model


- Ability to specify an econometric model adequate to the type of model
used to answer a question in a particular study
- Ability to take into account the characteristics of the data set into the
econometric specification and the estimation of a model.
- Ability to make adequate interpretations of the estimation results of the
microeconometric models discussed in the course.

• Other competences

- Ability to work with real data


- Ability to analyse and summarize the results from an empirical analysis
- Team work
- Ability to present the results of an empirical analysis

Methodology
The course is organized in 18 main lectures and 6 seminars of 90 minutes. Apart
from that, preparing the lectures and the seminars require some individual and team
work training. In the theoretical (main) lectures the six topics of the syllabus will

2
be covered. These sessions should be complemented with the reading of some sec-
tions of some of the books included in the reading list. For each topic, an example
with real data and a discussion of an empirical investigation will also be included.
STATA package can be used through MyApps.

The seminars will provide an opportunity to explore the theoretical foundations of


models not addressed in the main class, engage in applied exercises, and address
any questions related to the material covered. The preparation and presentation of
the materials for the seminar can be done in groups. This will serve as a practice of
teamwork and a way of confronting different points of view.

Students are strongly encouraged to participate in both the main and seminar
classes to enhance their understanding and to help structure their self-study method-
ology, which is a crucial component of the course. These sessions provide valuable
insights and foster a more comprehensive grasp of the material necessary to pass
the course.

Grading
To pass the course students have to obtain 50 out of 100 points according to the
following distribution:

1. Final exam: 70 points

2. Mid-Term Exam (G1, G2: 02/07 at 3pm – G7: 02/05 at 11am): 30 points

To pass the course, a student must obtain a minimum grade of 25 out of 70 on the
final exam and 50/100 overall. Only those who failed the course and obtained at
least 17.5 out of 70 on the final exam will have a second chance to take it at the
end of the quarter. Attendance at seminars is strongly encouraged but not required,
and attendance will not be recorded. Participation in seminar exercises is also very
recommended but not mandatory and will not result in extra credit.

Contents
The core structure of the course follows Introductory Econometrics, 5th Edition, A
Modern Approach by Jeff. Wooldridge and Econometric Analysis, 5th Edition by
William Green. The selected chapters from these books are highly recommended
readings. While these specific readings are highly recommended, they should not
be viewed as exhaustive. Students are strongly encouraged to explore additional
materials through the library and online resources.

3
• Topic I: Review of the Basic Regression Model and Qualitative Re-
gressors

– Introduction to Econometrics, 4th Edition, Global Edition, by Stock and


Watson – Chapter 5.3 - 7
– Introductory Econometrics, 5th Edition, A Modern Approach, by Jeff.
Wooldridge – Chapter 7.1-7.4
– Econometric analysis, 5th Edition, by W. H. Greene – Chapter 7.2

• Topic II: Binary Choice Models

– Econometric Analysis of Cross Section and Panel Data, J.Wooldridge


(p385-p389, p453-p457, p465-p470)

• Topic III: Multinomial Models

– Econometric Analysis, 5th Edition (Greene), p719-p724

• Topic IV: Limited Dependent Variable Models

– Introductory Econometrics: A Modern Approach 5th Edition, J.Wooldridge


(p596-p604)
– Econometric Analysis, 5th Edition (Greene) p761-p768

• Topic V: Sample Selection Models

– Introductory Econometrics: A Modern Approach, 5th Edition (Wooldridge)


p615-p621
– Econometric Analysis, 5th Edition (Greene) p780-p787

• Topic VI: Panel Data

– Introduction to Econometrics, 4th Edition, Global Edition, by Stock and


Watson – Chapters 10 - 13
– Introductory Econometrics, 5th Edition, A Modern Approach, by Jeff.
Wooldridge – Chapters 13-14.

4
Preliminary Schedule

Week Dates Lectures Seminars


1 06/01 to 10/01 Topic 1 —
2 13/01 to 17/01 Topic 1/Topic 2 —
3 20/01 to 24/01 Topic 2 —
4 27/01 to 31/01 Topic 3 List 1
5 03/02 to 07/02 Topic 3/Topic 4 List 2
6 10/02 to 14/02 Topic 4 List 3
7 17/02 to 21/02 Topic 5 List 4
8 24/02 to 28/02 Topic 5/Topic 6 List 5
9 03/03 to 07/03 Topic 6 List 6

You might also like