Applied Econometrics

Term: 
Winter
Credits: 
4.0
ECTS credits: 
8.0
Status: 
Elective
Course Description: 

The subject is organized around selected economic problems. Each economic problem has already been extensively analysed by econometric techniques. Lectures will review some important empirical studies of the topic, explaining the way the economic problem was represented by an econometric model. The course will concentrate on the practical use of econometric methods, reviewing the relevant methodology, its use, and the possible alternative modelling approaches. The lectures are supplemented by computer classes, where students can gain hands-on experience in applied econometric analysis.

The goals of the course: The main aim of this course is to acquaint students with practical issues of applied econometric work. Students successfully completing this course should be able to properly use a wide range of econometric methods in empirical work.

Learning Outcomes: 
  1. understanding concepts of major econometric techniques, together with their limitations;
  2. acquiring the technical skills required for applied work;
  3. gaining hands on experience with a broad range of econometric tools, used in modern empirical work;
  4. learning to collect and to work with various data sources, data types;
  5. learning to choose the right method and properly interpret the results.

By the end of this course, students will be able to:

  • Understand concepts of major econometric techniques, together with their limitations.
  • Acquire the technical skills required for applied work.
  • Learn to collect and to work with various data sources, data types.
  • Gain hands on experience with a broad range of econometric tools, used in modern empirical work.
  • Learn to choose the right method and properly interpret the results.
Assessment: 

Students will have to complete two empirical projects during the semester; one group assignment and another individual one.

For audit: Students should get at least 50% for the assignments; exam is not required.

For grade: The final mark will be composed of two components: projects and examination.

Prerequisites: 

First year core econometrics

File Attachments: