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ECONOMETRICS FOR APPLIED ECONOMICS

Program

EN IT

Updated A.Y. 2018-2019

Econometrics for Applied Economists


Prof. Luisa Corrado
36 hours

The objective is to learn the main statistical and econometric approaches in order to analyse the main economic problems, to strengthen and extend the basic knowledge gained in the compulsory courses and to draw up and/or apply ideas, even in a research context.

The students will apply estimation techniques using microdata applied to practical cases.

The course also aims at developing microdata analysis skills useful for the preparation of research projects.

Topics:

   Introduction to STATA,
   Ordinary Least Squares,
   Panel Data Models with Fixed and Random Effects.
   Discrete Choice Models: Probit, Ordered Probit, Bivariate Probit and Multinomial Logit.
 

Applications:

Analysis of the Bristish Household Panel Survey using STATA.

Materials related to lectures and the reading list will be provided on the course web page:
https://sites.google.com/site/luisacorrado/publications

Additional Lectures Notes will be provided during the course.

Pre-requisites: A.Colin Cameron and Pravin K. Trivedi, Microeconometrics Using Stata, Stata Press, 2009


Subject learning objectives

Knowledge and Understanding
The objective is to learn the main statistical and econometric approaches in order to analyse the main economic problems, to strengthen and extend the basic knowledge gained in the compulsory courses and to draw up and/or apply ideas, even in a research context.

Applying Knowledge and Understanding
The students will apply knowledge and understanding of the estimation techniques using microdata  applied to practical cases. The applications will be drawn from theories and economic topics of the compulsory courses such as the analysis of social exclusion, poverty traps and the measurement of subjective well-being in the European context.
The students will develop skills in the use of the following software: Stata.

Making Judgements
The course aims at developing micro-data analysis skills useful for the preparation of research projects.

Communications Skills
Students will learn how to present facts and analyze data and economic problems in a rigorous way and present them to specialist and non-specialist audience.

Learning Skills
At the end of the course the students will be able to use microeconomic datasets and use micro-econometric techniques to interpret the main economic problems in the light of the existing economic theories. The students are expected to extend the application of these research techniques to develop research projects and ideas on their own.