3210 AS/ECON 3.0A Use of Economic Data
Course Director : Office: Office Hours: Phone: Class Time: Location: Dr. Gordana Colby ([e-mail]) VH 1064 Wednesday 7:30 8:30 a.m., or by appointment. [phone] Ext 20582 MW 08:30 10:00 TEL0001
Fall 2005
Teaching Assistant: Office: Office Hours:
TBA TBA TBA
COURSE DESCRIPTION: This course introduces the theory and practice of empirical analysis of economic models. The course begins with a review of basic probability theory and statistics. Linear regression analysis is then developed and applied in the course. Both the simple two-variable model and the multiple regression model are examined. Various functional forms of regression models are explored as well as how to handle qualitative data. The course concludes by examining cases in which the assumptions of the classical linear regression model are relaxed. Throughout the course, use is made of data sets and statistical software packages to show how the theory is applied. PREREQUISITES: AS/ECON2500 3.0. DEGREE CREDIT EXCLUSION: AS/SC/MATH 3330 3.00, AK/ECON 3210 3.00, AK/AS/SC/MATH 3033 3.00. This course is not open to students who have successfully completed or who are enrolled in AS/ECON 4210 3.00. GRADING SCHEME: Assignments 20% Midterm Exam Final Exam Total 30% 50% 100%
EXAM DATES: Midterm Exam: Monday, October 24th , 2005 (in class) Final Exam: To be determined by the Registrar's Office
There is NO make-up midterm. Students with "appropriate documentation" (see Department of Economics' Guidelines for Deferred Standing) will have the weight of the midterm added to their Final Exam, otherwise, the student will receive a grade of 0%. If a student misses the final exam, please follow the Department of Economics' Guidelines for Deferred Standing.
ASSIGNMENT DATES: Handed Out Assignment 1 (10%) Assignment 2 (10%) Monday, October 3 , 2005 Wednesday, November 16th, 2005
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Due Wednesday, October 12th, 2005 Wednesday, November 23rd, 2005
Assignments will be handed out in class and posted on the web site. Assignments are due at the beginning of class. Late assignments will NOT be accepted and will receive a grade of 0%. It is students the responsibility to keep a photocopy of all work submitted. Note: For assignment 2, students require access to a computer running Microsoft Excel 2000 or Excel XP. If you do not have a computer at home with Excel, you can get a ACADLABS account from CNS. REQUIRED TEXT: Damodar Gujarati. Essentials of Econometrics; Third Edition; McGraw-Hill Pub. Co.; 2006. COURSE OUTLINE: In terms of textbook material, the course will cover the following chapters: Introduction The Nature and Scope of Econometrics (Chapter 1) Part I Basics of Probability and Statistics Review of Statistics 1: Probability and Probability Distributions (Chapter 2) Characteristics of Probability Distributions (Chapter 3) Some Important Probability Distributions (Chapter 4) Statistical Inference: Estimation and Hypothesis Testing (Chapter 5) Part II The Linear Regression Model Basic Ideas of Linear Regression: The Two-Variable Model (Chapter 6) The Two-Variable Model: Hypothesis Testing (Chapter 7) Multiple Regression: Estimation and Hypothesis Testing (Chapter 8) Functional Forms of Regression Models (Chapter 9) Regression on Dummy Explanatory Variables (Chapter 10) Part III Regression Analysis in Practice Multicollinearity: What Happens if Explanatory Variables are Correlated (Chapter 12) Heteroscedasticity: ...