S311 Applied Econometrics
|Lecturer||Constantin Hanenberg; E-Mail|
3. Year B.Sc.
B.Sc. International Economics,
|Time and Place|| |
Lecture videos available on ILIAS;
biweekly Q&A Sessions at Hörssal 001, Keplerstr. 2
starting Tuesday April 19, 8-10 AM
|Credit Points||6 ECTS|
Registration via ILIAS: https://ovidius.uni-tuebingen.de/ilias3/goto.php?target=crs_3616347&client_id=pr02
The course gives both a rigorous and applied introduction to modern econometrics. How regression makes sense: What is the justification for linear regressions in the first place? Theory-based regression, conditional expectation function, prediction and causal model. The algebra of least squares. Classical assumptions and large sample results. Specification issues (omitted variables and multicollinearity). Generalized Least Squares. Endogeneity: Reasons and solutions. Instrumental Variables. Generalized Method of Moments, Two-Stage Least Squares. The course tries to balance intuitive understanding with rigorous treatment. The course "Quantitative Methods in Economics and Business" (or comparable) is a prerequisite.