Introductory econometrics (2016/2017)



Course code
4S02453
Credits
6
Coordinator
Diego Lubian
Academic sector
SECS-P/05 - ECONOMETRICS
Language of instruction
Italian
Teaching is organised as follows:
Activity Credits Period Academic staff Timetable
lezione 4 primo semestre triennali Diego Lubian
esercitazione 2 primo semestre triennali Diego Lubian

Lesson timetable

primo semestre triennali
Activity Day Time Type Place Note
lezione Monday 2:00 PM - 3:30 PM lesson Lecture Hall B  
lezione Tuesday 10:10 AM - 11:40 AM lesson Lecture Hall B  
lezione Thursday 10:10 AM - 11:40 AM lesson Lecture Hall B  

Learning outcomes

Many economic decisions require quantitative answers to quantitative questions. The module aims to provide the main econometric tools to develop, based on the available data, an empirical analysis on the relation between economic variables, and correctly interpret the results obtained. Econometric tools can be used in many economic situations (such as finance, labor economics, macroeconomics, microeconomics, marketing and political economy) as well as in social sciences (political science, sociology, health). Empirical applications in the economic and business fields will be discussed throughout the course.

Syllabus

1. INTRODUCTION
1.1. What is econometrics?
1.2. Probability
1.3. Statistics

2. REGRESSION ANALYSIS
2.1. Linear regressione with a single regressor and hypothesis testing
2.2. Linear regression with multiple regressions and hypothesis testing

3. DIAGNOSTICS OF THE REGRESSION MODEL
3.1. Specification
3.2. Heteroskedasticity
3.3. Autocorrelation

4. EXTENSIONS
4.1. Regression with instrumental variables
4.2. Regression with binary dependent variable

Assessment methods and criteria

A voluntary intermediate exam is planned in the middle of the module. The intermediate exam is written and concerns the topics discussed up to that point (about half the program)

If the grade is at least 16/30, the intermediate exam contributes for 50% of the final grade -- provided that the exam is taken in the "primo appello" in January. In that case, they will take another written exam on the remaining topics of the program.
However, students are free to disregard the grade of the intermediate exam if they wish.

Students not willing to take the intermediate exam, and students who choose to disregard its grade, are expected to take a written exam on the whole program.

During the semester two optional take-home assigments will be proposed, aimed at developing critical and analytical skills. Such homework will contribute to the final grade, provided that the exam is taken in the winter session (January or February).

Reference books
Activity Author Title Publisher Year ISBN Note
lezione Stock, J. e M. Watson Introduzione all'econometria Pearson 2016
esercitazione James H. Stock, Mark W. Watson Introduzione all'econometria (Edizione 4) Pearson Education Italia 2016 978-8-891-90124-8

Student opinions - 2016/2017