37835 - FINANCIAL ECONOMETRICS

Anno Accademico 2011/2012

  • Docente: Sergio Pastorello
  • Crediti formativi: 8
  • SSD: SECS-P/05
  • Lingua di insegnamento: Inglese
  • Modalità didattica: Convenzionale - Lezioni in presenza
  • Campus: Bologna
  • Corso: Laurea Magistrale in Finanza, intermediari e mercati (cod. 0901)

Contenuti

1. Review of linear regression and ordinary least squares
2. Maximum likelihood theory.
3. Linear time series models: definition, properties, inference, forecast, unit roots.
4. Conditional heteroskedasticity models: definition, properties, inference.
5. Limited dependent variables models.
6. Panel data models.

Testi/Bibliografia

M. Verbeek, A guide to modern Econometrics, Wiley 2004.

Metodi didattici

For each topic we will first introduce the relevant theory, and then move as soon as possible to its empirical application. Special emphasis will be placed on the economic interpretation of the results.

Modalità di verifica e valutazione dell'apprendimento

The final exam is written and is is composed of two distinct sections.
The first one is mainly theoretical, and it contains 5 multiple choice questions. The second one is mainly empirical, and it contains 11 questions whose answers shoud be computed using gretl and knowledge of the empirical analysis discussed during classes. Whatever the section, each correct answer yields two points; no penalty is applied to wrong answers. The final mark is the total number of point obtained in the two sections.

Strumenti a supporto della didattica

We will discuss several empirical analysis and replicate the results of a few papers using the econometric software gretl.

Orario di ricevimento

Consulta il sito web di Sergio Pastorello