ie_Slide01(1) - Introductory Econometrics ECON2206/ECON3209...

Info iconThis preview shows pages 1–8. Sign up to view the full content.

View Full Document Right Arrow Icon
Introductory Econometrics ECON2206/ECON3209 Slides01 Lecturer: Minxian Yang ie_Slides01 my, School of Economics, UNSW 1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
ie_Slides01 my, School of Economics, UNSW 2 About the Course • Staff – Lecturer: Minxian Yang – Tutors: Jessica Moses, Jakree Koosakul, Bo Ye • Required textbook – Wooldridge, J.M. (2009), Introductory Econometrics: A Modern Approach , 4th Edition, South-Western • Assessment – One course project (week 9): 20% – Final exam: 60% • Submit assignments and project to your tutor!
Background image of page 2
ie_Slides01 my, School of Economics, UNSW 3 About the Course • Econometric software – STATA recommended – Available in ASB labs, Lab 2 (Q1035) Mon 12-16. • Course resources – Course website: announcements, course outline, lecture slides, tutorial questions/answers, assignments, course project, data, STATA code, … – Library (open reserve) • Read Course Outline carefully! – Email is not suitable for discussing course material details with the lecturer. – Work commitment and travel plans are not excuses for missing assessment items.
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
ie_Slides01 my, School of Economics, UNSW 4 About the Course – Aim to help students develop a working knowledge of econometrics and its applications. – Focus on linear regression models , their estimation , inference and interpretation . – Emphasise the applications of econometric methods in practice. – Foster the ability to conduct empirical research in economics, finance and other social sciences.
Background image of page 4
ie_Slides01 my, School of Economics, UNSW 5 1. Introduction (Ch1) 1. Introduction • What is econometrics? – It covers the statistical methods useful for • estimating economic relationships; • testing economic theories; • evaluating policies; • forecasting economic variables, based on data (observations on variables). eg. Estimating and testing the effect of – education on wages; – minimum wages on unemployment; – govt policies on inflation and growth; – school spending on student performance; etc.
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
ie_Slides01 my, School of Economics, UNSW 6 1. Introduction (Ch1) • What is econometrics? – Differing from statistics used in physical sciences, it deals with non-experimental data. • Data are typically not from controlled experiments. Ideal “laboratories” are not available in social sciences. eg. The effect of a new drug on patients: possible to assign drug randomly to patients. Effect of a interest-rate-rise on economies: impossible to assign a rate-rise randomly to economies.
Background image of page 6
1. Introduction (Ch1) • Empirical economic analysis – Exploring data to estimate economic relationships and test economic theories. – It involves
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 8
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 06/12/2011 for the course ECONOMICS 3291 taught by Professor Professorsnamespublishedtheyarethesoleowners during the Three '11 term at University of New South Wales.

Page1 / 28

ie_Slide01(1) - Introductory Econometrics ECON2206/ECON3209...

This preview shows document pages 1 - 8. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online