INTRODUCTION TO ECONOMETRICS

Course outline

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Period: 7-11 September 2009.

Timetable: 18:00 h - 21:00 h.

Venue: Room Banco Espírito Santo (Quelhas building).

Contact hours: 15 hours.

Class size: 10-45.

Teaching language: Portuguese.

Pre-requisites: 12th grade Mathematics A.

Academic staff

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Maximiano Pinheiro (course leader)

Aims

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• To provide the basic instruments to apply Statistics to economic problems and models at the undergraduate level in Economics.
• To provide a basic homogeneous preparation or an opportunity to refresh undergraduate knowledge to the new students of the M.Sc. courses in Economics and in Monetary and Financial Economics, and of the Ph.D. Programme in Economics.
• To offer the same opportunity to students in other M.Sc. courses at ISEG/TULisbon and to graduates in Economics and related areas.

Syllabus

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1. Probability and random variables in Economics
2. The multivariate ordinary-least-squares model in Economics
3. Estimation and properties of the estimators
4. Hypothesis testing and forecasting in Economics
5. Macro and microeconomic applications

Main readings

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• Hogg, R. and Tanis, E. (2005). Probability and Statistical Inference, 7th edn. New York: Prentice-Hall.
• Wooldridge, J. (2006). Introductory Econometrics: A modern approach, 3rd edn. Cincinnati: South-Western.

Additional readings

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• Barrow, M. (2006). Statistics for Economics, Accounting and Business, 4th edn. London: Prentice Hall.
• Gujarati, D. (2005). Essentials of Econometrics, 3rd edn. New York: McGraw-Hill.

Assessment

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On Sunday, 13 September there will be a short online test to assess the knowledge acquired by students. The exam paper will be available at 15:00 h and it can be downloaded here. Answers should be sent via e-mail to Maximiano.Pinheiro@bportugal.pt in PDF format up to 20:00 h.

Links

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• Econometrics
• M.Sc. in Economics
• M.Sc. in Monetary and Financial Economics
• Ph.D. Programme in Economics
• Introduction to Mathematical Economics
• A Summer Study Guide for New Students of the M.Sc. in Economics and M.Sc. in Monetary and Financial Economics (available on Aquila)