ECON 4818-001 Introduction to Econometrics
Fall 2008 Economics 4818-001 Xiaodong Liu, Assistant Professor Office: Economics 10 Voice: 303-492-7414 Email: [email protected] Location: Economics 119 Meeting Times: TR 11:00 am – 12:15 pm Office Hours: TR 1:00 – 2:00 pm Class website: All course materials will be posted on WEBCT/CU Learn. Course Description: This course provides an introduction to the theory and applications of modern econometrics. This course begins by reviewing and extending the statistical material covered in Econ 3818. Following this, students are guided through the principals of regression analysis starting with the simple regression model. Issues in relation to estimation, inference and specification will be explored. The latter part of the course introduces students to time series analysis. Text: Introductory Econometrics: A Modern Approach, (3rd edition) by Jeffery M. Wooldridge. The text in the 2nd edition is identical to the 3rd edition. But some practice problems are missing in the 2nd edition. The text is important, as I will follow it closely. Keep up with the readings. It is essential for success in this class. Prerequisites: Economics 3818, Introduction to Statistics with Computer Applications, or its equivalent. Software: The software for the course is EViews and it is available in the Economics Computer Lab. Students who want to purchase their own version can do so at http://www.eviews.com/eviews4/eviews41s/evstud41.html. Assessment: There will be two midterm exams, a final exam, and periodic problem sets. 1. Class participation (10 pts) 2. Problem sets (10 pts) 3. Midterm exams (25 pts each) 4. Final exam (30 pts) There will be no make up exams. A student who misses a midterm due to an excused absence will have the additional weight shifted to the final. Tentative Course Outline (Text chapters are in parentheses): 1. Review of Mathematics and Statistics (Appendices B and C) 2. The Simple Regression Model (Ch. 2) 3. Multiple Regression Analysis: Estimation (Ch. 3) Midterm 1 4. Multiple Regression Analysis: Inference (Ch. 4) 5. Multiple Regression Analysis: OLS Asymptotics (Ch. 5) 6. Multiple Regression Analysis: Further Issues (Ch. 6) 7. Multiple Regression Analysis with Qualitative Information: Binary Variables (Ch. 7) Midterm 2 8. Heteroskedasticity (Ch. 8) 9. More on Specification and Data Problems (Ch. 9) 10. Basic Regression Analysis with Time Series Data (Ch. 10) 11. Serial Correlation and Heteroskedasticity in Time Series Regressions (Ch. 12) Final University Policies: University policies regarding classroom behavior are available at http://www.colorado.edu/policies/classbehavior.html and at http://www.colorado.edu/studentaffairs/judicialaffairs/code.html#student_code Information regarding the University Honor Code is available at http://www.colorado.edu/policies/honor.html and at http://www.colorado.edu/academics/honorcode. The Honor Code Council can be contacted by email at [email protected] or by telephone at 303-725-2273. University policies regarding disabilities are available at http://www.colorado.edu/disabilityservices. Disability Services can be contacted by telephone at 303-492-8671, or in person at Willard 322. University polices regarding religious practice are available at http://www.colorado.edu/policies/fac_relig.html. University policies regarding Sexual Harassment and Amorous Relationships are available at http://www.colorado.edu/odh/. The Office of Discrimination and Harassment can be reached by telephone at 303-492-2127. The Office of Judicial Affairs can be reached at 303-492-5550.