## ECONOMETRICS

## Syllabus

### Updated A.Y. 2022-2023

**OVERVIEW AND PREREQUISITES**

This course provides an introduction to multiple regression techniques focusing on economic applications. The course consists of eighteen theoretical lectures (1 hour and 30 minutes each) and six practice classes with both theoretical and applied exercises. It is intended for students who have taken and passed Mathematics (8011190) and Statistics (8010848).

**LEARNING OUTCOMES**

At the end of the course, students should be able to:

- specify a linear regression model, even using flexible functional forms, and in the presence of qualitative information;
- master the least squares (OLS) and the instrumental variables (IV) estimation methods;
- understand and apply conventional statistical and diagnostic tests;
- exploit the Stata statistical software to estimate the parameters of the specified regression model using cross-sectional data and to run hypothesis and diagnostic tests;
- understand and interpret the empirical results.

**ASSESSMENT**

The final grade will be given by a weighted average of the grades in two take-home problem sets (10% + 10%), a précis summarizing an assigned academic reading (10%), and a final written closed book exam (70%).

**CLASS SCHEDULE**

Lectures on Monday, Tuesday, and Wednesday (11:00 am - 1:00 pm). Practices on Thursday (11:00 am - 1:00 pm).

**OUTLINE**

**TEXTBOOKS AND MATERIAL**

The main reference is **Wooldridge J.M., (2016), Introductory Econometrics: A Modern Approach, 6th ed., Cengage Learning.**

For some topics, **Wooldridge J.M., (2016) will be complemented by selected articles which will be made available on the material section of this website and by some chapters from**:

- Cunningham S., (2021) Causal Inference: The Mixtape. Yale University Press;
- Wooldridge J.M., (2010), Econometric Analysis of Cross-Section and Panel Data, 2nd ed., MIT Press, Cambridge (MA).

Lecture slides, and Stata codes will be posted on the material section. Suggestions for further reading will be provided in class.

For further study in econometrics, I suggest Hansen (2021), and Peracchi (2001). Angrist and Pischke (2009) for an "applied" perspective.

Hansen B.E., (2020), Econometrics. Mimeo

Peracchi F. (2001), Econometrics, Wiley, Chichester (UK).

Angrist J.D., and Pischke J.-S., (2009), Mostly Harmless Econometrics: An Empiricists’ Companion, Princeton University Press, Princeton.