Introductory Econometrics - JEM062

• Title: Introductory Econometrics
• Guaranteed by: Institute of Economic Studies (23-IES)
• Faculty: Faculty of Social Sciences
• Actual: from 2008 to 2008
• Semester: winter
• E-Credits: 6
• Examination process: winter s.:
• Hours per week, examination: winter s.:2/2, Ex [HT]
• Capacity: unknown / unknown (unknown)
• Min. number of students: unlimited
• 4EU+: no
• Virtual mobility / capacity: no
• State of the course: taught
• Language: English
• Teaching methods: full-time
• Additional information: http://home.cerge-ei.cz/gebicka/teaching.html
• Note: course can be enrolled in outside the study plan; enabled for web enrollment
• Guarantor: Mgr. Barbara Pertold-Gebicka, M.A., Ph.D.
• Class: Courses for incoming students

Syllabus

1. Repetition of statistical background

• probability theory

• statistical inference

2. Introduction to linear regression model

• derivation and interpretation of OLS

• assumptions in OLS regression models

• properties of OLS estimators

3. Hypothesis testing after OLS estimation

• single population parameter

• linear combination of parameters

• multiple linear restrictions

4. Problems with OLS estimation in cross-sectional and time-series data

• multicollinearity

• omitted variable

• measurement error

• simultaneity bias

• heteroskedasticity

• autocorrelation

5. Applying econometrics in practice

• 'reading' the data

• specification of the econometric equation

• interpretation of results

Last update: Kalíšková Klára, PhDr., Ph.D. (16.09.2013)