AEP-21306 Econometrics

Course

Credits 6.00

Language of instruction:

English

Assumed knowledge on:

YSS-20306, MAT-22306 or MAT-20306

Continuation courses:

AEP-60306, AEP-30806

Contents:

Social scientists are often interested in relationships between different variables, e.g. consumption and prices. The objective of econometrics is to quantify such relationships using available data and statistical techniques and to interpret and use the resulting outcomes. So, econometrics is the interaction between (economic) theory, data and statistical methods (e.g. estimation and testing). The interaction of these three elements makes econometrics interesting and a must for the dedicated social scientist. The use of econometric tools stretches from economic and business disciplines to social science fields like sociology and history.
The course helps to understand a number of econometric issues and techniques, where emphasis is on applying econometrics to research questions in the broad field of social sciences.

Learning outcomes:

At the end of this course the student is expected to be able to:
- recognise the relation between research questions from social sciences and the potential of econometric techniques to answer these questions;
- use various econometric techniques and understanding the results obtained;
- understand the backgrounds of these techniques.

Activities:

- attending lectures and studying the reader and book;
- attending practical sessions doing exercises and discussing the outcomes;
- attending computer practicals to work on exercises using econometric software (STATA).

Examination:

- written exam;
- assessment of practicals assignments

Literature:

Course guide available on a Blackboard site for this course.
Handbook: see course guide.
Syllabus Econometrics by C. Gardebroek and F.F. Kuipers (exercises for practicals).