G30 Econometrics I

Syllabus

1st October 5th Cancelled
2nd 15th Guidance, matrices
3rd 19th pp. 6-15. OLS as an algebraic tool, the linear regression model
4th 26th pp. 15-22. Small sample properties of the OLS estimator, goodness-of-fit
5th November 2nd pp. 22-30. Hypothesis testing
6th 9th pp. 31-53. Hypothesis testing, asymptotic properties of the OLS estimator, multicollinearity, prediction
7th 16th pp. 58-72 Interpreting the linear model, selecting the set of regressors, misspecifying the functional form
8th 30th pp. 72-90. Explaining house prices,predicting stock index returns, explaining individual wages
9th December 7th Cancelled
10th 14th pp. 94-105. Consequences for the OLS estimator, deriving an alternative estimator, heteroskedasticity
11th 21st pp. 105-118. Testing for heteroskedasticity, autocorrelation, testing for first-order autocorrelation
12th January 6th pp. 119-126. Illustration: the demand for ice cream, alternative autocorrelation patterns, what to do when you find autocorrelation?
13th 18th pp. 137-147. A review of the properties of the OLS estimator, cases where the ols estimator cannot be saved
14th 25th pp. 148-158. The instrumental variables estimator
15th February 1st pp. 179-191. An introduction to maximum likelihood, specification tests