LectureNotes0808 - Introduction Review of syllabus Contact...

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1 Introduction Review of syllabus: Contact Info Warren 254 255-2086 [email protected] Office Hours: W 12 – 2. Policies: Please read the syllabus. A note on the Textbook: No readings are required. However, I expect (particularly with the more complicated topics we will cover) that simply listening to my lecture will not provide adequate understanding. My suggestion: Use my lectures and the homework assignments to point you to relevant topics in the book. I will try to give chapters or sections when I can. So long as you understand the material covered in class, you should be able to do well on the tests and problem sets. More may be required for your particular project or critique. If you find yourself unable to understand the textbook I have chosen for the course, feel free to use another. If you talk to me, I may be able to suggest books for specific topics. The syllabus lists texts that may help. These should be available at the Mann Library. Anyone using one of these on a regular basis, please send me a note as to which you found most useful, for which topics, and why. This will help me to streamline the course and enhance the experience of future students. The course homepage can be found on the Blackboard system. The stable url is: n/course.pl?course_id=_10513_1 All lecture notes, handouts and homework assignments are available on
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2 the website. My preference is not to hand out any paper in class. Are there any for which this will be a particular burden? Expectations: 1. Learn to conduct and understand applied research in economics. 2. Understand basic theory of estimation. Possibility of feedback: I need all the feedback I can get. If you have suggestions for improving the course (or wish to tell us how we are unfair, unclear, or just dense) please talk to me. I do not claim to be a good teacher, but I am open to any suggestions you may have. I will regularly include feedback questions on problem sets and tests. These questions are required, but graded only on the basis of whether the question was attempted or not. Grading: Homework (50 pts), Project (130 pts), Critique (20 pts) and 2 Prelims (100 pts). Two assignments can be turned in anytime before the last day of class: Critique: This is a relatively short assignment of no more than two typed double spaced pages. I would prefer the average length to be near ¾ of one page. This project must be completed alone. Find an article (newspaper, journal or otherwise) that makes use of econometrics, and write a critique. In your critique, you should include: a brief summary of the article focusing on the use of econometrics, why the use of econometrics is interesting, how the application may be flawed. Econometrics Project: I don’t like the idea of econometrics projects because it is extremely difficult to find an interesting problem that can be researched within a semester. Hence, econometrics projects are notoriously boring to read and difficult for students to
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3 complete. However, there is no better way to learn applied econometrics than to conduct
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