02054 - Econometrics

Academic Year 2012/2013

  • Docente: Attilio Gardini
  • Credits: 10
  • SSD: SECS-P/05
  • Language: Italian
  • Moduli: Attilio Gardini (Modulo 1) Giuseppe Cavaliere (Modulo 2)
  • Teaching Mode: Traditional lectures (Modulo 1) Traditional lectures (Modulo 2)
  • Campus: Bologna
  • Corso: First cycle degree programme (L) in STATISTICAL SCIENCES (cod. 8054)

Learning outcomes

The purpose of the course is to provide basic tools for the quantitative analysis of economic phenomena and for the empirical investigation of the data.

Course contents

Economic theories and economic data; models based on time-series and models based on cross section data.

The concepts of exogeneity and the linear regression model. Estimation and hypotheses testing. Dynamicmodels. Estimation: ordinary least squares and maximum likelihood. Constrained estimation. Specification analysis. Qualitative variables. Nested and non-nested models.

Systems. Reduced forms and structural forms. VAR models as particular reduced forms. Identification. Estimation: endogeneity bias and instrumental variables. Other estimation methods.

Readings/Bibliography

J.H. Stock, M.W. Watson,Introduction to Econometrics, 2nd Ed., Pearson/Addison-Wesley, Boston, 2007.

Teaching methods

All topics are illustrated with economic data using some econometric packages.

Assessment methods

Written and oral exam.

Teaching tools

Econometric software.

Office hours

See the website of Attilio Gardini

See the website of Giuseppe Cavaliere